Park Aerospace (NYSE:PKE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Park Aerospace (NYSE:PKE) from a buy rating to a strong-buy rating in a report released on Saturday.

Separately, Weiss Ratings upgraded Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Park Aerospace Stock Performance

Shares of PKE stock opened at $27.31 on Friday. The stock’s 50-day moving average is $25.69 and its two-hundred day moving average is $22.03. Park Aerospace has a 1 year low of $11.97 and a 1 year high of $29.60. The firm has a market cap of $544.19 million, a price-to-earnings ratio of 63.50 and a beta of 0.29.

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 business 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, April 2nd. Park Aerospace’s dividend payout ratio is presently 116.28%.

Hedge Funds Weigh In On Park Aerospace

A number of hedge funds and other institutional investors have recently made changes to their positions in PKE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Park Aerospace during the 4th quarter valued at approximately $25,000. BNP Paribas Financial Markets grew its stake in shares of Park Aerospace by 50.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 726 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Park Aerospace in the 4th quarter valued at approximately $72,000. Strs Ohio acquired a new position in shares of Park Aerospace in the third quarter valued at approximately $75,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of Park Aerospace in the first quarter valued at approximately $52,000. Hedge funds and other institutional investors own 77.83% of the company’s stock.

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.