Park Aerospace Corp. (NYSE:PKE) Stock Has Consensus Target Price of $42.50

Shares of Park Aerospace Corp. (NYSE:PKE) have received a consensus rating of “Buy” from the five ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $42.50.

Several equities analysts have recently weighed in on PKE shares. Weiss Ratings upgraded shares of Park Aerospace from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. The Goldman Sachs Group raised shares of Park Aerospace to a “buy” rating in a report on Monday. Citigroup reiterated a “market outperform” rating on shares of Park Aerospace in a research report on Monday, October 19th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price target on shares of Park Aerospace in a research report on Friday, October 9th. Finally, Wall Street Zen cut shares of Park Aerospace from a “buy” rating to a “hold” rating in a research note on Sunday, October 18th.

Park Aerospace Price Performance

NYSE PKE opened at $24.68 on Monday. Park Aerospace has a 1-year low of $18.25 and a 1-year high of $39.86. The stock has a market capitalization of $543.81 million, a price-to-earnings ratio of 34.28 and a beta of 0.46. The business’s fifty day moving average price is $28.99 and its 200-day moving average price is $30.77.

Park Aerospace (NYSE:PKE) last posted its earnings results on Thursday, October 8th. The semiconductor company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The company had revenue of $20.79 million for the quarter, compared to the consensus estimate of $20.01 million. Park Aerospace had a return on equity of 11.21% and a net margin of 18.42%.

Park Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Thursday, October 1st were paid a $0.1250 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. Park Aerospace’s dividend payout ratio (DPR) is 69.44%.

Institutional Investors Weigh In On Park Aerospace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penn Capital Management Company LLC boosted its holdings in Park Aerospace by 13.6% in the 3rd quarter. Penn Capital Management Company LLC now owns 55,158 shares of the semiconductor company’s stock worth $1,638,000 after buying an additional 6,619 shares during the period. Ethic Inc. raised its holdings in Park Aerospace by 12.0% during the third quarter. Ethic Inc. now owns 24,133 shares of the semiconductor company’s stock valued at $717,000 after acquiring an additional 2,584 shares during the period. Parallel Advisors LLC raised its holdings in Park Aerospace by 617.9% during the third quarter. Parallel Advisors LLC now owns 1,120 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 964 shares during the period. Conestoga Capital Advisors LLC lifted its position in shares of Park Aerospace by 41.1% in the third quarter. Conestoga Capital Advisors LLC now owns 69,816 shares of the semiconductor company’s stock valued at $2,073,000 after acquiring an additional 20,331 shares in the last quarter. Finally, Sigma Planning Corp lifted its position in shares of Park Aerospace by 33.6% in the third quarter. Sigma Planning Corp now owns 40,203 shares of the semiconductor company’s stock valued at $1,194,000 after acquiring an additional 10,110 shares in the last quarter. 77.83% of the stock is owned by hedge funds and other institutional investors.

About Park Aerospace

Park Aerospace Corp. (NYSE:PKE) develops and manufactures advanced composite materials and composite structures primarily for the aerospace industry. Its products are used in commercial aircraft, military aircraft, unmanned aerial vehicles, and other demanding aerospace applications where lightweight construction, strength, and durability are important.

The company’s offerings include carbon-fiber and other composite prepregs, specialized reinforcement materials, honeycomb core materials, film adhesives, and related composite-material systems.