Park Aerospace (NYSE:PKE) Shares Up 9.3% – Should You Buy?

Park Aerospace Corp. (NYSE:PKEGet Free Report) was up 9.3% during mid-day trading on Wednesday . The company traded as high as $25.40 and last traded at $25.4430. Approximately 761,038 shares were traded during trading, an increase of 98% from the average daily volume of 385,320 shares. The stock had previously closed at $23.27.

Park Aerospace News Summary

Here are the key news stories impacting Park Aerospace this week:

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Get Our Latest Research Report on Park Aerospace

Park Aerospace Stock Up 9.5%

The stock has a 50 day moving average of $20.45 and a 200 day moving average of $19.22. The firm has a market cap of $507.47 million, a price-to-earnings ratio of 70.80 and a beta of 0.31.

Park Aerospace (NYSE:PKEGet Free Report) last released its earnings results on Tuesday, January 13th. The semiconductor company reported $0.15 EPS for the quarter. Park Aerospace had a net margin of 11.57% and a return on equity of 7.97%. The firm had revenue of $17.33 million for the quarter.

Park Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Friday, January 2nd will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, January 2nd. Park Aerospace’s payout ratio is currently 138.89%.

Hedge Funds Weigh In On Park Aerospace

Several hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its position in shares of 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 during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Park Aerospace in the first quarter worth about $52,000. First Horizon Advisors Inc. boosted its stake in shares of Park Aerospace by 179.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,596 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 2,307 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Park Aerospace by 241.1% during the 2nd 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 last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Park Aerospace by 161.0% during the 2nd quarter. Legal & General Group Plc now owns 4,685 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 2,890 shares during the last quarter. Institutional investors own 77.83% of the company’s stock.

About Park Aerospace

(Get Free Report)

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.

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