California Public Employees Retirement System raised its position in Park Electrochemical Corp. (NYSE:PKE) by 15.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 71,700 shares of the company’s stock after buying an additional 9,800 shares during the period. California Public Employees Retirement System owned approximately 0.35% of Park Electrochemical Corp. worth $1,042,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in PKE. BlackRock Fund Advisors increased its position in Park Electrochemical Corp. by 1.1% in the first quarter. BlackRock Fund Advisors now owns 1,317,823 shares of the company’s stock valued at $21,098,000 after buying an additional 14,275 shares during the last quarter. Renaissance Technologies LLC increased its position in Park Electrochemical Corp. by 17.2% in the first quarter. Renaissance Technologies LLC now owns 860,000 shares of the company’s stock valued at $13,769,000 after buying an additional 126,100 shares during the last quarter. Bank of New York Mellon Corp increased its position 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. Prudential Financial Inc. increased its position 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. Finally, Sensato Investors LLC increased its position in Park Electrochemical Corp. by 25.7% in the first quarter. Sensato Investors LLC now owns 22,135 shares of the company’s stock valued at $354,000 after buying an additional 4,532 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.
Park Electrochemical Corp. (NYSE:PKE) traded down 1.00% during midday trading on Monday, hitting $13.87. 9,637 shares of the stock traded hands. Park Electrochemical Corp. has a 52-week low of $13.65 and a 52-week high of $18.01. The firm has a market cap of $280.66 million, a PE ratio of 20.70 and a beta of 1.36. The stock has a 50-day moving average of $16.33 and a 200 day moving average of $16.02.
Park Electrochemical Corp. (NYSE:PKE) last posted its 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 earned $29.06 million during the quarter. During the same period in the prior year, the company posted $0.23 EPS. Equities analysts forecast that Park Electrochemical Corp. will post $0.80 EPS for the current 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Friday, September 30th. Park Electrochemical Corp.’s dividend payout ratio is presently 58.82%.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Park Electrochemical Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Needham & Company LLC cut their target price on shares of Park Electrochemical Corp. from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, June 30th.
Park Electrochemical Corp. Company Profile
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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