New York State Common Retirement Fund Boosts Holdings in Park Aerospace Corp. $PKE

New York State Common Retirement Fund grew its holdings in Park Aerospace Corp. (NYSE:PKE) by 1,914.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 101,887 shares of the semiconductor company’s stock after purchasing an additional 96,830 shares during the quarter. New York State Common Retirement Fund owned 0.51% of Park Aerospace worth $2,072,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in Park Aerospace by 50.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock worth $32,000 after buying an additional 726 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Park Aerospace during the first quarter worth $52,000. First Horizon Advisors Inc. raised its stake in shares of Park Aerospace by 179.0% in the second quarter. First Horizon Advisors Inc. now owns 3,596 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 2,307 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Park Aerospace by 241.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 3,024 shares during the period. Finally, Legal & General Group Plc grew its stake in Park Aerospace by 161.0% during the 2nd quarter. Legal & General Group Plc now owns 4,685 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 2,890 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Park Aerospace Stock Performance

PKE opened at $24.39 on Monday. Park Aerospace Corp. has a one year low of $11.97 and a one year high of $26.12. The company has a market cap of $486.00 million, a P/E ratio of 56.72 and a beta of 0.31. The business’s 50-day simple moving average is $22.39 and its 200-day simple moving average is $20.25.

Park Aerospace (NYSE:PKE) last posted its earnings results on Tuesday, January 13th. The semiconductor company reported $0.15 earnings per share for the quarter. The firm had revenue of $17.33 million during the quarter. Park Aerospace had a return on equity of 9.28% and a net margin of 13.14%.

Park Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 4th. Investors of record on Friday, January 2nd were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, January 2nd. Park Aerospace’s dividend payout ratio (DPR) is 116.28%.

Analyst Ratings Changes

A number of research firms have issued reports on PKE. Wall Street Zen raised Park Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings cut shares of Park Aerospace from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 26th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Park Aerospace Company Profile

Park Aerospace (NYSE: PKE) is a specialized materials and manufacturing company that designs, develops and produces high-performance composite structures, engineered laminates and specialty adhesives for aerospace, defense and industrial markets. Its product portfolio includes advanced honeycomb cores, composite assemblies, dielectric and high-reliability circuit materials, as well as structural and bonding solutions that meet demanding performance and weight requirements.

The company operates through two principal segments.