Park Aerospace Corp. $PKE Shares Bought by Comerica Bank

Comerica Bank grew its stake in shares of Park Aerospace Corp. (NYSE:PKE) by 583.4% in the fourth quarter, HoldingsChannel reports. The fund owned 36,806 shares of the semiconductor company’s stock after buying an additional 31,420 shares during the quarter. Comerica Bank’s holdings in Park Aerospace were worth $785,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Foundation Resource Management Inc. increased its stake in shares of Park Aerospace by 0.6% during the 4th quarter. Foundation Resource Management Inc. now owns 503,497 shares of the semiconductor company’s stock valued at $10,745,000 after acquiring an additional 3,004 shares during the last quarter. Roubaix Capital LLC increased its position in Park Aerospace by 6.5% during the 3rd quarter. Roubaix Capital LLC now owns 454,642 shares of the semiconductor company’s stock worth $9,247,000 after purchasing an additional 27,856 shares in the last quarter. Geode Capital Management LLC increased its position in Park Aerospace by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 439,194 shares of the semiconductor company’s stock worth $6,489,000 after purchasing an additional 7,342 shares in the last quarter. Palisades Investment Partners LLC increased its position in Park Aerospace by 10.8% during the 4th quarter. Palisades Investment Partners LLC now owns 321,745 shares of the semiconductor company’s stock worth $6,866,000 after purchasing an additional 31,492 shares in the last quarter. Finally, Portolan Capital Management LLC acquired a new stake in Park Aerospace during the 3rd quarter worth approximately $4,984,000. Institutional investors and hedge funds own 77.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Weiss Ratings raised shares of Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 11th. Wall Street Zen raised shares of Park Aerospace from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Park Aerospace currently has an average rating of “Buy”.

Park Aerospace Stock Performance

PKE opened at $33.53 on Monday. The company has a market cap of $668.25 million, a PE ratio of 77.98 and a beta of 0.45. Park Aerospace Corp. has a 1 year low of $12.07 and a 1 year high of $35.86. The firm has a 50 day moving average price of $29.88 and a 200 day moving average price of $24.58.

Park Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, April 2nd. Park Aerospace’s dividend payout ratio is currently 116.28%.

About Park Aerospace

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.