River Road Asset Management LLC Sells 101,141 Shares of Park Aerospace Corp. $PKE

River Road Asset Management LLC trimmed its position in shares of Park Aerospace Corp. (NYSE:PKE) by 13.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 627,737 shares of the semiconductor company’s stock after selling 101,141 shares during the quarter. River Road Asset Management LLC’s holdings in Park Aerospace were worth $13,396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PKE. Millennium Management LLC increased its stake in shares of Park Aerospace by 64.4% in the fourth quarter. Millennium Management LLC now owns 110,831 shares of the semiconductor company’s stock valued at $2,365,000 after buying an additional 43,415 shares during the period. AQR Capital Management LLC raised its holdings in 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 buying an additional 6,391 shares during the last quarter. Trexquant Investment LP acquired a new stake in Park Aerospace during the 4th quarter worth approximately $559,000. Price T Rowe Associates Inc. MD boosted its position in Park Aerospace by 11.4% during the 4th 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 during the period. Finally, &PARTNERS grew its holdings in Park Aerospace by 5.8% during the 4th quarter. &PARTNERS now owns 21,623 shares of the semiconductor company’s stock worth $461,000 after acquiring an additional 1,194 shares during the last quarter. 77.83% of the stock is currently owned by institutional investors.

Park Aerospace Stock Performance

Park Aerospace stock opened at $32.39 on Friday. Park Aerospace Corp. has a 52-week low of $13.52 and a 52-week high of $38.20. The firm has a 50 day moving average price of $33.58 and a two-hundred day moving average price of $27.67. The firm has a market cap of $676.22 million, a price-to-earnings ratio of 57.83 and a beta of 0.42.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Park Aerospace had a net margin of 15.38% and a return on equity of 10.08%. The firm had revenue of $24.19 million for the quarter, compared to the consensus estimate of $22.31 million.

Park Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be issued a $0.125 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $0.50 annualized dividend and a yield of 1.5%. Park Aerospace’s payout ratio is presently 89.29%.

Wall Street Analysts Forecast Growth

PKE has been the subject of several recent research reports. Wall Street Zen cut shares of Park Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Weiss Ratings upgraded shares of Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. Citizens Jmp started coverage on shares of Park Aerospace in a research note on Tuesday, June 9th. They issued a “market outperform” rating and a $42.00 price objective on the stock. Finally, Citigroup assumed coverage on Park Aerospace in a report on Tuesday, June 9th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Park Aerospace has an average rating of “Buy” and a consensus price target of $42.00.

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.