Park Aerospace Corp. $PKE Stake Cut by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its holdings in Park Aerospace Corp. (NYSE:PKE) by 24.5% in the first quarter, HoldingsChannel.com reports. The firm owned 509,318 shares of the semiconductor company’s stock after selling 165,077 shares during the period. Dimensional Fund Advisors LP’s holdings in Park Aerospace were worth $13,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in PKE. Brandes Investment Partners LP lifted its position in shares of Park Aerospace by 3.5% in the 4th quarter. Brandes Investment Partners LP now owns 3,191,411 shares of the semiconductor company’s stock worth $68,105,000 after buying an additional 107,231 shares during the last quarter. Stephens Investment Management Group LLC bought a new stake in shares of Park Aerospace during the 1st quarter valued at about $14,926,000. Next Century Growth Investors LLC grew its position in shares of Park Aerospace by 93.0% during the 4th quarter. Next Century Growth Investors LLC now owns 526,054 shares of the semiconductor company’s stock valued at $11,226,000 after buying an additional 253,508 shares during the last quarter. State Street Corp grew its position in shares of Park Aerospace by 1.4% during the 4th quarter. State Street Corp now owns 471,089 shares of the semiconductor company’s stock valued at $10,053,000 after buying an additional 6,434 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Park Aerospace by 1.7% during the second quarter. Geode Capital Management LLC now owns 439,194 shares of the semiconductor company’s stock worth $6,489,000 after acquiring an additional 7,342 shares during the period. Institutional investors own 77.83% of the company’s stock.

Insider Activity at Park Aerospace

In other news, insider Constantine Petropoulos sold 2,500 shares of Park Aerospace stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.00, for a total transaction of $90,000.00. Following the sale, the insider owned 2,500 shares of the company’s stock, valued at approximately $90,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 7.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Park Aerospace from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Citizens Jmp started coverage on Park Aerospace in a report on Tuesday, June 9th. They set a “market outperform” rating and a $42.00 target price for the company. Weiss Ratings upgraded Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 1st. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price target on shares of Park Aerospace in a report on Tuesday, July 21st. Finally, Citigroup restated a “market outperform” rating on shares of Park Aerospace in a research report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $42.50.

Park Aerospace Stock Performance

Park Aerospace stock opened at $37.59 on Friday. Park Aerospace Corp. has a one year low of $17.25 and a one year high of $39.86. The company has a 50-day simple moving average of $34.48 and a 200-day simple moving average of $30.98. The firm has a market capitalization of $817.47 million, a P/E ratio of 59.66 and a beta of 0.41.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings data on Monday, July 20th. The semiconductor company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $18.31 million for the quarter, compared to the consensus estimate of $17.95 million. Park Aerospace had a net margin of 16.70% and a return on equity of 10.75%.

Park Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st were paid a $0.125 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.50 annualized dividend and a dividend yield of 1.3%. Park Aerospace’s dividend payout ratio (DPR) is presently 79.37%.

Park Aerospace 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.