Park Aerospace (NYSE:PKE) Reaches New 1-Year High – What’s Next?

Park Aerospace Corp. (NYSE:PKE) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $32.00 and last traded at $31.8930, with a volume of 102041 shares changing hands. The stock had previously closed at $31.16.

Wall Street Analyst Weigh In

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

Park Aerospace Stock Performance

The company has a market cap of $648.52 million, a price-to-earnings ratio of 75.67 and a beta of 0.29. The company’s fifty day moving average is $27.16 and its two-hundred day moving average is $23.17.

Park Aerospace (NYSE:PKE) last announced its quarterly earnings data on Tuesday, January 13th. The semiconductor company reported $0.15 EPS for the quarter. The business had revenue of $17.33 million during the quarter. Park Aerospace had a net margin of 13.14% and a return on equity of 9.28%.

Park Aerospace Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Millennium Management LLC boosted its position in Park Aerospace by 64.4% in the 4th quarter. Millennium Management LLC now owns 110,831 shares of the semiconductor company’s stock worth $2,365,000 after purchasing an additional 43,415 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Park Aerospace by 51.7% in the 4th quarter. AQR Capital Management LLC now owns 18,762 shares of the semiconductor company’s stock valued at $400,000 after purchasing an additional 6,391 shares during the period. Trexquant Investment LP acquired a new position in shares of Park Aerospace in the 4th quarter valued at $559,000. Price T Rowe Associates Inc. MD boosted its holdings in Park Aerospace by 11.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,238 shares of the semiconductor company’s stock worth $1,094,000 after buying an additional 5,237 shares in the last quarter. Finally, &PARTNERS boosted its holdings in Park Aerospace by 5.8% during the fourth quarter. &PARTNERS now owns 21,623 shares of the semiconductor company’s stock worth $461,000 after buying an additional 1,194 shares in the last quarter. 77.83% of the stock is owned by institutional investors and hedge funds.

Park Aerospace Company Profile

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.