Park Aerospace (NYSE:PKE) Issues Quarterly Earnings Results

Park Aerospace (NYSE:PKE) posted its earnings results on Thursday. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03, FiscalAI reports. The company had revenue of $24.19 million during the quarter, compared to the consensus estimate of $22.31 million. Park Aerospace had a net margin of 13.14% and a return on equity of 9.28%.

Park Aerospace Price Performance

NYSE:PKE traded up $0.79 during midday trading on Thursday, reaching $36.36. The stock had a trading volume of 336,598 shares, compared to its average volume of 265,654. The stock has a market capitalization of $724.63 million, a P/E ratio of 84.56 and a beta of 0.45. Park Aerospace has a 1-year low of $13.48 and a 1-year high of $38.20. The firm’s fifty day simple moving average is $31.78 and its 200-day simple moving average is $26.04.

Park Aerospace Announces Dividend

The company 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. The ex-dividend date was Thursday, April 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. Park Aerospace’s dividend payout ratio (DPR) is presently 116.28%.

Institutional Investors Weigh In On Park Aerospace

Hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Park Aerospace during the fourth quarter valued at about $25,000. BNP Paribas Financial Markets boosted its holdings in Park Aerospace by 50.0% during the second quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 726 shares during the period. Jones Financial Companies Lllp acquired a new position in Park Aerospace during the 1st quarter valued at $52,000. Tower Research Capital LLC TRC boosted its holdings in Park Aerospace by 241.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 3,024 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Park Aerospace by 161.0% in the 2nd quarter. Legal & General Group Plc now owns 4,685 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 2,890 shares during the period. 77.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on PKE. Wall Street Zen downgraded shares of Park Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 23rd. 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. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.