Park Aerospace Corp. (NYSE:PKE – Get Free Report)’s share price shot up 6.2% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $30.70 and last traded at $31.0860. Approximately 250,006 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 286,150 shares. The stock had previously closed at $29.26.
The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. The business had revenue of $20.79 million for the quarter, compared to the consensus estimate of $20.01 million. Park Aerospace had a net margin of 18.42% and a return on equity of 12.12%.
Park Aerospace Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.1250 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.50 annualized dividend and a yield of 1.9%. Park Aerospace’s dividend payout ratio is currently 79.37%.
Trending Headlines about Park Aerospace
- Positive Sentiment: Fiscal Q2 revenue rose 27% year over year to $20.8 million, while net income nearly doubled to $4.5 million. Earnings per share of $0.21 exceeded the $0.16 analyst consensus, and revenue topped expectations of approximately $20.0 million. Park Aerospace Q2 2027 EPS Tops Expectations by 31.2%, Revenue Up 27%
- Positive Sentiment: Operating momentum improved sequentially: revenue increased from $18.3 million in the prior quarter, while net earnings rose from $3.5 million. Gross margin was 34.3%, and Park ended August with $114.7 million in cash and marketable securities. Park Aerospace Q2 Revenue and Net Income Results
- Positive Sentiment: Management outlined fiscal Q3 sales of $21 million to $22.5 million, implying continued sequential growth. The company also discussed accelerating $20 million of Ariane C2B advance payments, which could affect near-term cash-flow timing and program execution. Park Aerospace Q3 Sales Outlook and Ariane C2B Payments
- Positive Sentiment: Needham reaffirmed its Buy rating with a $43 price target, while Citizens JMP maintained Market Outperform with a $42 target, indicating substantial implied upside based on the supplied reference price.
- Negative Sentiment: Despite the strong quarter, investors may be taking profits or focusing on the possibility that advance-payment activity is a timing-related cash-flow item rather than recurring revenue growth. The shares remain below their 50-day and 200-day moving averages.
- Negative Sentiment: Recent insider activity is a notable overhang: company insiders reported seven sales and no purchases over the past six months, including sizable sales by executives Brian Shore and Mark Esquivel. Park Aerospace Insider Trading Activity
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Weiss Ratings downgraded Park Aerospace from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Park Aerospace in a research report on Friday. Citigroup restated a “market outperform” rating on shares of Park Aerospace in a research report on Tuesday, July 21st. Wall Street Zen upgraded shares of Park Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $42.00 price objective on shares of Park Aerospace in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.50.
View Our Latest Stock Analysis on Park Aerospace
Insider Buying and Selling at Park Aerospace
In other news, insider Constantine Petropoulos sold 2,500 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $36.00, for a total value of $90,000.00. Following the completion of the transaction, the insider owned 2,500 shares of the company’s stock, valued at $90,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.10% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Park Aerospace
Several large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Park Aerospace in the second quarter valued at approximately $55,207,000. Renaissance Technologies LLC boosted its stake in Park Aerospace by 2.3% in the 1st quarter. Renaissance Technologies LLC now owns 859,097 shares of the semiconductor company’s stock worth $23,522,000 after purchasing an additional 19,057 shares during the period. Stephens Investment Management Group LLC acquired a new stake in shares of Park Aerospace in the 1st quarter valued at about $14,926,000. Next Century Growth Investors LLC lifted its holdings in shares of Park Aerospace by 93.0% in the fourth quarter. Next Century Growth Investors LLC now owns 526,054 shares of the semiconductor company’s stock valued at $11,226,000 after purchasing an additional 253,508 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Park Aerospace by 116.2% in the first quarter. Sei Investments Co. now owns 263,034 shares of the semiconductor company’s stock valued at $7,202,000 after purchasing an additional 141,359 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors.
Park Aerospace Price Performance
The company has a market capitalization of $573.16 million, a price-to-earnings ratio of 36.60 and a beta of 0.39. The firm has a 50-day moving average price of $32.54 and a two-hundred day moving average price of $32.96.
Park Aerospace Company Profile
Park Aerospace Corp. (NYSE:PKE) is an aerospace manufacturing company that develops and produces advanced composite materials and composite structures. Its products are used in the manufacture of aircraft and other aerospace systems, where lightweight, high-strength materials are important for performance and fuel efficiency.
The company’s offerings include carbon fiber and other composite materials, prepregs, film adhesives, honeycomb and other core materials, and fabricated composite parts.
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