Park Aerospace’s (PKE) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Park Aerospace (NYSE:PKEFree Report) in a research note published on Tuesday,Benzinga reports. They currently have a $43.00 price target on the semiconductor company’s stock.

PKE has been the subject of several other research reports. Wall Street Zen downgraded shares of Park Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Weiss Ratings raised shares of Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 1st. Citigroup reiterated a “market outperform” rating on shares of Park Aerospace in a research note on Tuesday. Finally, Citizens Jmp assumed coverage on Park Aerospace in a report on Tuesday, June 9th. They issued a “market outperform” rating and a $42.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Park Aerospace presently has a consensus rating of “Buy” and a consensus price target of $42.50.

Check Out Our Latest Stock Analysis on Park Aerospace

Park Aerospace Stock Up 2.6%

Shares of PKE opened at $34.37 on Tuesday. The firm has a market cap of $747.50 million, a price-to-earnings ratio of 54.55 and a beta of 0.39. The business’s 50 day moving average is $34.19 and its two-hundred day moving average is $30.11. Park Aerospace has a 52-week low of $17.25 and a 52-week high of $39.86.

Park Aerospace (NYSE:PKEGet Free Report) last issued its quarterly earnings results on Monday, July 20th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $18.31 million during the quarter, compared to analyst estimates 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 firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Park Aerospace’s dividend payout ratio is 79.37%.

Institutional Investors Weigh In On Park Aerospace

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Park Aerospace during the fourth quarter valued at approximately $25,000. BNP Paribas Financial Markets boosted its position in Park Aerospace by 50.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 726 shares during the period. Fifth Third Bancorp acquired a new position in Park Aerospace during the 1st quarter valued at approximately $64,000. State of Alaska Department of Revenue bought a new position in Park Aerospace during the 4th quarter worth $72,000. Finally, Jones Financial Companies Lllp bought a new position in Park Aerospace during the 1st quarter worth $52,000. Institutional investors and hedge funds own 77.83% of the company’s stock.

Park Aerospace Company Profile

(Get Free Report)

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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