Shares of Park Aerospace Corp. (NYSE:PKE – Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $25.29 and traded as high as $34.10. Park Aerospace shares last traded at $33.4470, with a volume of 148,496 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Park Aerospace from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Weiss Ratings upgraded Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.
Park Aerospace Trading Down 0.7%
Park Aerospace Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, April 2nd. Park Aerospace’s payout ratio is presently 116.28%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of PKE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Park Aerospace in the 4th quarter worth approximately $25,000. BNP Paribas Financial Markets boosted its holdings in shares of Park Aerospace by 50.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 726 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Park Aerospace in the 1st quarter worth approximately $52,000. Tower Research Capital LLC TRC boosted its holdings in shares of 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 worth $63,000 after acquiring an additional 3,024 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of Park Aerospace in the 1st quarter worth approximately $64,000. 77.83% of the stock is owned by institutional investors and hedge funds.
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.
Recommended Stories
- Five stocks we like better than Park Aerospace
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
Receive News & Ratings for Park Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.
