Park Aerospace (NYSE:PKE) Sets New 1-Year High – Should You Buy?

Park Aerospace Corp. (NYSE:PKE)’s share price hit a new 52-week high on Tuesday . The company traded as high as $26.80 and last traded at $26.5360, with a volume of 57790 shares changing hands. The stock had previously closed at $25.75.

Analysts Set New Price Targets

PKE has been the topic of several research reports. Wall Street Zen upgraded shares of Park Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings lowered shares of Park Aerospace from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Park Aerospace Price Performance

The stock has a fifty day moving average price of $23.69 and a two-hundred day moving average price of $20.88. The company has a market cap of $531.13 million, a P/E ratio of 62.34 and a beta of 0.31.

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

Park Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Friday, January 2nd were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, January 2nd. Park Aerospace’s dividend payout ratio (DPR) is presently 116.28%.

Institutional Trading of Park Aerospace

A number of hedge funds and other institutional investors have recently modified their holdings of PKE. Jones Financial Companies Lllp bought a new position in Park Aerospace during the first quarter valued at about $52,000. Jane Street Group LLC boosted its position in shares of Park Aerospace by 11.4% during the 1st quarter. Jane Street Group LLC now owns 14,205 shares of the semiconductor company’s stock valued at $191,000 after purchasing an additional 1,456 shares in the last quarter. Ethic Inc. raised its holdings in shares of Park Aerospace by 46.2% in the 2nd quarter. Ethic Inc. now owns 26,424 shares of the semiconductor company’s stock worth $388,000 after purchasing an additional 8,354 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Park Aerospace by 179.0% during the second 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 during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Park Aerospace during the second quarter valued at approximately $426,000. 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.