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

Shares of Park Aerospace Corp. (NYSE:PKE) hit a new 52-week high during trading on Monday . The company traded as high as $28.51 and last traded at $27.7730, with a volume of 164427 shares trading hands. The stock had previously closed at $26.42.

Analysts Set New Price Targets

A number of research firms have commented on PKE. Wall Street Zen raised shares of Park Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings lowered shares of Park Aerospace from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Park Aerospace Stock Performance

The business has a 50-day moving average of $23.93 and a 200-day moving average of $21.02. The stock has a market capitalization of $566.81 million, a price-to-earnings ratio of 66.15 and a beta of 0.29.

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

Park Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Friday, January 2nd were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, January 2nd. Park Aerospace’s payout ratio is currently 116.28%.

Institutional Investors Weigh In On Park Aerospace

Institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Park Aerospace in the fourth quarter valued at about $25,000. BNP Paribas Financial Markets raised 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 purchasing an additional 726 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Park Aerospace during the first quarter valued at approximately $52,000. First Horizon Advisors Inc. lifted its position in Park Aerospace by 179.0% in the second quarter. First Horizon Advisors Inc. now owns 3,596 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 2,307 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Park Aerospace by 241.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock valued at $63,000 after buying an additional 3,024 shares in the last quarter. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

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.