Park Aerospace Corp. (NYSE:PKE – Get Free Report) insider Constantine Petropoulos sold 2,500 shares of the business’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $36.00, for a total value of $90,000.00. Following the sale, the insider owned 2,500 shares in the company, valued at approximately $90,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Park Aerospace Trading Down 5.0%
Shares of PKE stock traded down $1.80 during mid-day trading on Tuesday, reaching $34.28. The stock had a trading volume of 292,020 shares, compared to its average volume of 303,404. Park Aerospace Corp. has a 12-month low of $17.25 and a 12-month high of $39.86. The company has a market cap of $745.62 million, a P/E ratio of 54.41 and a beta of 0.39. The business has a 50-day simple moving average of $34.26 and a 200 day simple moving average of $30.29.
Park Aerospace (NYSE:PKE – Get Free Report) last released its quarterly earnings data on Monday, July 20th. The semiconductor company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $18.31 million for 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 Dividend Announcement
Institutional Trading of Park Aerospace
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new position in Park Aerospace in the 1st quarter valued at $52,000. Jane Street Group LLC grew its position 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 valued at $191,000 after purchasing an additional 1,456 shares during the period. Geode Capital Management LLC grew its position 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 valued at $6,489,000 after purchasing an additional 7,342 shares during the period. Legal & General Group Plc increased its stake in 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 last quarter. Finally, Rhumbline Advisers increased its stake in 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 last quarter. 77.83% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. Citigroup restated a “market outperform” rating on shares of Park Aerospace in a research report on Tuesday, July 21st. Needham & Company LLC reiterated a “buy” rating and set a $43.00 target price on shares of Park Aerospace in a report on Tuesday, July 21st. Wall Street Zen downgraded Park Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Weiss Ratings raised Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. Finally, Citizens Jmp began coverage on Park Aerospace in a research report on Tuesday, June 9th. They issued a “market outperform” rating and a $42.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Park Aerospace currently has an average rating of “Buy” and an average price target of $42.50.
Read Our Latest Research Report on Park Aerospace
About Park Aerospace
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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