Park Aerospace (NYSE:PKE) Stock Price Down 5.2% – What’s Next?

Shares of Park Aerospace Corp. (NYSE:PKE) were down 5.2% during trading on Thursday . The stock traded as low as $32.22 and last traded at $32.0940. Approximately 93,228 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 264,305 shares. The stock had previously closed at $33.86.

Analyst Ratings Changes

PKE has been the topic of several analyst reports. Weiss Ratings upgraded shares of Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 11th. Wall Street Zen upgraded shares of Park Aerospace from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Park Aerospace Trading Down 2.6%

The stock has a market capitalization of $657.51 million, a P/E ratio of 76.72 and a beta of 0.45. The business’s fifty day simple moving average is $31.00 and its two-hundred day simple moving average is $25.49.

Park Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 4th. Investors of record on Thursday, April 2nd were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, April 2nd. Park Aerospace’s dividend payout ratio (DPR) is presently 116.28%.

Hedge Funds Weigh In On Park Aerospace

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Park Aerospace in the 4th quarter valued at approximately $25,000. BNP Paribas Financial Markets grew its holdings 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 in the last quarter. Fifth Third Bancorp bought a new stake in shares of Park Aerospace during the first quarter valued at approximately $64,000. State of Alaska Department of Revenue bought a new stake in shares of Park Aerospace during the fourth quarter valued at approximately $72,000. Finally, Strs Ohio acquired a new position in shares of Park Aerospace in the third quarter valued at $75,000. 77.83% of the stock is currently owned by 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.