Park Aerospace (NYSE:PKE) Share Price Passes Above Two Hundred Day Moving Average of $14.07

Park Aerospace Corp. (NYSE:PKE)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.07 and traded as high as $14.92. Park Aerospace shares last traded at $14.65, with a volume of 38,730 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Park Aerospace from a “buy” rating to a “hold” rating in a report on Friday, October 13th.

Park Aerospace Stock Down 1.3 %

The business’s fifty day moving average is $14.76 and its 200 day moving average is $14.07. The firm has a market capitalization of $296.66 million, a price-to-earnings ratio of 28.17 and a beta of 0.50.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings data on Thursday, October 5th. The semiconductor company reported $0.09 EPS for the quarter. Park Aerospace had a net margin of 19.01% and a return on equity of 7.14%. The business had revenue of $12.48 million for the quarter.

Park Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 3rd. Investors of record on Monday, October 2nd were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Friday, September 29th. Park Aerospace’s dividend payout ratio (DPR) is currently 96.15%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Strs Ohio bought a new position in Park Aerospace in the second quarter valued at $536,000. Nisa Investment Advisors LLC bought a new position in Park Aerospace in the first quarter valued at $293,000. GW&K Investment Management LLC grew its position in Park Aerospace by 14.6% in the first quarter. GW&K Investment Management LLC now owns 738,305 shares of the semiconductor company’s stock valued at $9,930,000 after purchasing an additional 93,886 shares in the last quarter. Jump Financial LLC bought a new position in Park Aerospace in the first quarter valued at $199,000. Finally, Penn Mutual Asset Management LLC bought a new position in Park Aerospace in the first quarter valued at $3,600,000. Institutional investors own 77.70% of the company’s stock.

About Park Aerospace

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.