According to Zacks, “Park Electrochemical Corp., through its subsidiaries, is primarily engaged in the design, production and marketing of advanced electronic materials used to fabricate complex multilayer printed circuit boards, semiconductor packages and other electronic interconnection systems. The company’s electronic materials business is operated by its Nelco group of companies. The company is also engaged in the design, production and marketing of specialty adhesive tapes and films, advanced composite materials and microwave circuitry materials for the electronics, aerospace markets. “
Separately, Needham & Company LLC cut their price target on shares of Park Electrochemical Corp. from $21.00 to $18.00 and set a buy rating for the company in a report on Thursday, June 30th.
Park Electrochemical Corp. (NYSE:PKE) traded up 1.13% during mid-day trading on Thursday, reaching $14.27. 2,584 shares of the company traded hands. Park Electrochemical Corp. has a one year low of $13.65 and a one year high of $18.01. The stock’s 50-day moving average price is $16.40 and its 200-day moving average price is $16.03. The firm has a market cap of $288.75 million, a PE ratio of 21.30 and a beta of 1.37.
Park Electrochemical Corp. (NYSE:PKE) last announced its quarterly earnings results on Thursday, October 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.11. Park Electrochemical Corp. had a net margin of 10.42% and a return on equity of 7.78%. The firm had revenue of $29.06 million for the quarter. During the same period in the prior year, the company earned $0.23 earnings per share. Analysts forecast that Park Electrochemical Corp. will post $0.80 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Tuesday, October 4th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.83%. The ex-dividend date is Friday, September 30th. Park Electrochemical Corp.’s payout ratio is presently 58.82%.
Large investors have recently bought and sold shares of the stock. Royce & Associates LP boosted its stake in Park Electrochemical Corp. by 5.9% in the second quarter. Royce & Associates LP now owns 2,747,934 shares of the company’s stock valued at $39,927,000 after buying an additional 153,600 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Park Electrochemical Corp. by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 289,487 shares of the company’s stock valued at $4,206,000 after buying an additional 2,809 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in Park Electrochemical Corp. by 3.3% in the second quarter. Gamco Investors INC. ET AL now owns 778,500 shares of the company’s stock valued at $11,312,000 after buying an additional 24,817 shares during the last quarter. Teton Advisors Inc. boosted its stake in Park Electrochemical Corp. by 10.8% in the second quarter. Teton Advisors Inc. now owns 119,292 shares of the company’s stock valued at $1,733,000 after buying an additional 11,658 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Park Electrochemical Corp. by 49.6% in the first quarter. Prudential Financial Inc. now owns 69,424 shares of the company’s stock valued at $1,112,000 after buying an additional 23,007 shares during the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.
About Park Electrochemical Corp.
Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.
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