StockNews.com Downgrades Park Aerospace (NYSE:PKE) to Hold

StockNews.com downgraded shares of Park Aerospace (NYSE:PKE) from a buy rating to a hold rating in a research note published on Tuesday morning.

Park Aerospace Stock Performance

Shares of PKE stock opened at $14.24 on Tuesday. The firm has a fifty day moving average of $14.72 and a 200-day moving average of $13.87. Park Aerospace has a 52-week low of $11.96 and a 52-week high of $16.96. The stock has a market cap of $284.26 million, a price-to-earnings ratio of 41.88 and a beta of 0.43.

Park Aerospace (NYSE:PKE) last posted its earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 earnings per share for the quarter. Park Aerospace had a net margin of 11.82% and a return on equity of 6.61%.

Park Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Friday, January 3rd will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, January 3rd. Park Aerospace’s payout ratio is 147.06%.

Institutional Investors Weigh In On Park Aerospace

Large investors have recently made changes to their positions in the company. Copeland Capital Management LLC bought a new stake in shares of Park Aerospace in the 3rd quarter worth about $43,000. Van ECK Associates Corp grew its holdings in Park Aerospace by 39.6% during the 3rd quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 3,146 shares during the last quarter. Townsquare Capital LLC grew its holdings in Park Aerospace by 8.3% during the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock worth $212,000 after acquiring an additional 1,248 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Park Aerospace by 23.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock worth $239,000 after acquiring an additional 3,507 shares during the last quarter. Finally, Barclays PLC grew its holdings in Park Aerospace by 295.7% during the 3rd quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock worth $335,000 after acquiring an additional 19,213 shares during the last quarter. Institutional investors own 77.83% of the company’s stock.

Park Aerospace Company Profile

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.