Park Aerospace (NYSE:PKE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Park Aerospace (NYSE:PKE) from a hold rating to a buy rating in a research note published on Saturday.

Separately, Weiss Ratings upgraded Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Park Aerospace Stock Down 0.3%

NYSE:PKE opened at $25.08 on Friday. The business has a 50 day moving average price of $20.92 and a two-hundred day moving average price of $19.51. The company has a market cap of $499.84 million, a P/E ratio of 58.33 and a beta of 0.31. Park Aerospace has a twelve month low of $11.97 and a twelve month high of $26.12.

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

Park Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Friday, January 2nd will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. Park Aerospace’s dividend payout ratio is presently 116.28%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Palisades Investment Partners LLC acquired a new stake in shares of Park Aerospace during the third quarter worth $5,904,000. Portolan Capital Management LLC acquired a new stake in Park Aerospace during the third quarter worth approximately $4,984,000. Essex Investment Management Co. LLC acquired a new position in Park Aerospace in the 3rd quarter valued at $3,060,000. Brandes Investment Partners LP grew its holdings in shares of Park Aerospace by 4.1% during the 2nd quarter. Brandes Investment Partners LP now owns 3,001,732 shares of the semiconductor company’s stock worth $44,336,000 after purchasing an additional 118,384 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Park Aerospace by 1,914.8% during the 3rd quarter. New York State Common Retirement Fund now owns 101,887 shares of the semiconductor company’s stock worth $2,072,000 after purchasing an additional 96,830 shares in the last quarter. 77.83% of the stock is owned by institutional investors and hedge funds.

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.