Park Aerospace (NYSE:PKE) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of Park Aerospace Corp. (NYSE:PKEGet Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $25.29 and traded as high as $34.10. Park Aerospace shares last traded at $33.4470, with a volume of 148,496 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Park Aerospace from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Weiss Ratings upgraded Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Get Our Latest Report on PKE

Park Aerospace Trading Down 0.7%

The firm has a market capitalization of $666.60 million, a price-to-earnings ratio of 77.78 and a beta of 0.45. The firm has a fifty day moving average price of $30.75 and a 200 day moving average price of $25.29.

Park Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 4th. Stockholders of record on Thursday, April 2nd were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, April 2nd. Park Aerospace’s payout ratio is presently 116.28%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PKE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Park Aerospace in the 4th quarter worth approximately $25,000. BNP Paribas Financial Markets boosted its holdings in shares of Park Aerospace by 50.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 726 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Park Aerospace in the 1st quarter worth approximately $52,000. Tower Research Capital LLC TRC boosted its holdings 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 worth $63,000 after acquiring an additional 3,024 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of Park Aerospace in the 1st quarter worth approximately $64,000. 77.83% of the stock is owned by institutional investors and hedge funds.

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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