Stephens Investment Management Group LLC Invests $14.93 Million in Park Aerospace Corp. $PKE

Stephens Investment Management Group LLC purchased a new stake in Park Aerospace Corp. (NYSE:PKE) in the first quarter, Holdings Channel.com reports. The firm purchased 545,157 shares of the semiconductor company’s stock, valued at approximately $14,926,000.

A number of other hedge funds have also recently bought and sold shares of PKE. Brandes Investment Partners LP increased its holdings in Park Aerospace by 3.5% during the 4th quarter. Brandes Investment Partners LP now owns 3,191,411 shares of the semiconductor company’s stock worth $68,105,000 after purchasing an additional 107,231 shares during the last quarter. Next Century Growth Investors LLC boosted its stake in shares of Park Aerospace by 93.0% during the 4th quarter. Next Century Growth Investors LLC now owns 526,054 shares of the semiconductor company’s stock valued at $11,226,000 after buying an additional 253,508 shares during the last quarter. Foundation Resource Management Inc. boosted its stake in shares of Park Aerospace by 0.6% during the 4th quarter. Foundation Resource Management Inc. now owns 503,497 shares of the semiconductor company’s stock valued at $10,745,000 after buying an additional 3,004 shares during the last quarter. State Street Corp grew its position in shares of Park Aerospace by 1.4% during the fourth quarter. State Street Corp now owns 471,089 shares of the semiconductor company’s stock worth $10,053,000 after buying an additional 6,434 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Park Aerospace by 1.7% during the second quarter. Geode Capital Management LLC now owns 439,194 shares of the semiconductor company’s stock worth $6,489,000 after buying an additional 7,342 shares in the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

Park Aerospace Price Performance

NYSE:PKE opened at $37.83 on Monday. The company has a market cap of $789.89 million, a PE ratio of 67.55 and a beta of 0.39. The business’s 50 day moving average is $34.01 and its two-hundred day moving average is $28.81. Park Aerospace Corp. has a 52 week low of $14.96 and a 52 week high of $39.86.

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

Park Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, July 1st. Park Aerospace’s payout ratio is currently 89.29%.

Analyst Ratings Changes

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

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.