Park Aerospace Corp. (NYSE:PKE – Get Free Report)’s share price was down 5.2% on Thursday . The stock traded as low as $32.22 and last traded at $32.0940. Approximately 93,228 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 264,305 shares. The stock had previously closed at $33.86.
Analyst Ratings Changes
Several equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 11th. Wall Street Zen raised shares of Park Aerospace from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
Get Our Latest Report on Park Aerospace
Park Aerospace Stock Down 2.6%
Park Aerospace Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, April 2nd. Park Aerospace’s payout ratio is currently 116.28%.
Institutional Trading of Park Aerospace
Hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Park Aerospace in the fourth quarter valued at about $25,000. BNP Paribas Financial Markets raised its stake in shares of Park Aerospace by 50.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 726 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Park Aerospace during the 1st quarter valued at about $52,000. Tower Research Capital LLC TRC grew its stake 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 valued at $63,000 after buying an additional 3,024 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of Park Aerospace in the 1st quarter valued at approximately $64,000. 77.83% of the stock is currently owned by hedge funds and other institutional investors.
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.
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