Needham & Company LLC restated their buy rating on shares of Park Aerospace (NYSE:PKE – Free 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%
Park Aerospace (NYSE:PKE – Get 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
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
- Premium Retail’s Stress Test Is Separating Winners From Losers
- D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
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.
