Park Aerospace Corp. (NYSE:PKE – Get Free Report)’s share price traded down 7.4% during trading on Friday . The stock traded as low as $33.30 and last traded at $33.68. 61,360 shares were traded during trading, a decline of 79% from the average daily volume of 298,119 shares. The stock had previously closed at $36.37.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on PKE shares. Wall Street Zen lowered Park Aerospace from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Weiss Ratings upgraded Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. Citigroup started coverage on Park Aerospace in a research report on Tuesday, June 9th. They issued an “outperform” rating on the stock. Finally, Citizens Jmp began coverage on Park Aerospace in a research note on Tuesday, June 9th. They issued a “market outperform” rating and a $42.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $42.00.
Check Out Our Latest Stock Report on Park Aerospace
Park Aerospace Stock Down 7.6%
Park Aerospace (NYSE:PKE – Get Free Report) last released its earnings results on Thursday, May 28th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $24.19 million during the quarter, compared to the consensus estimate of $22.31 million. Park Aerospace had a return on equity of 10.08% and a net margin of 15.38%.
Park Aerospace Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, July 1st. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. Park Aerospace’s dividend payout ratio is presently 89.29%.
Institutional Investors Weigh In On Park Aerospace
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in Park Aerospace during the first quarter valued at about $52,000. Jane Street Group LLC increased its stake in shares of Park Aerospace by 11.4% in the first quarter. Jane Street Group LLC now owns 14,205 shares of the semiconductor company’s stock worth $191,000 after purchasing an additional 1,456 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Park Aerospace by 1.7% in the second quarter. Geode Capital Management LLC now owns 439,194 shares of the semiconductor company’s stock worth $6,489,000 after purchasing an additional 7,342 shares in the last quarter. Legal & General Group Plc raised its position in shares of Park Aerospace by 161.0% in the second quarter. Legal & General Group Plc now owns 4,685 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 2,890 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Park Aerospace by 4.9% in the second quarter. Rhumbline Advisers now owns 30,657 shares of the semiconductor company’s stock valued at $453,000 after purchasing an additional 1,421 shares during the period. 77.83% of the stock is currently owned by 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.
Further Reading
- Five stocks we like better than Park Aerospace
- AeroVironment Flies Under Wall Street’s Radar Toward a $4 Billion Target
- Micron’s $250 Billion Bet Could Reshape the AI Memory Race
- Rocket Lab’s Stock Drop Comes With a Bullish Twist
- Amazon’s New Debt Deal Puts Its AI Spending Story on Trial
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.
