Park Aerospace (NYSE:PKE) Stock Rating Lowered by Wall Street Zen

Park Aerospace (NYSE:PKE) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday, Wall Street Zen reports.

Other research analysts also recently issued research reports about the company. Weiss Ratings downgraded Park Aerospace from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Park Aerospace in a research report on Friday, October 9th. Citizens Jmp reissued a “market outperform” rating and issued a $42.00 target price on shares of Park Aerospace in a research note on Friday, October 9th. Finally, Citigroup restated a “market outperform” rating on shares of Park Aerospace in a research report on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Park Aerospace Trading Down 0.5%

PKE opened at $26.17 on Friday. The stock has a market capitalization of $576.44 million, a PE ratio of 36.34 and a beta of 0.39. Park Aerospace has a 1-year low of $18.25 and a 1-year high of $39.86. The firm has a 50-day moving average price of $31.29 and a two-hundred day moving average price of $32.95.

Park Aerospace (NYSE:PKE) last announced its earnings results on Thursday, October 8th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The company had revenue of $20.79 million for the quarter, compared to analyst estimates of $20.01 million. Park Aerospace had a net margin of 18.42% and a return on equity of 11.21%.

Insider Buying and Selling

In other news, insider Constantine Petropoulos sold 2,500 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $36.00, for a total value of $90,000.00. Following the completion of the transaction, the insider owned 2,500 shares of the company’s stock, valued at $90,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.10% of the company’s stock.

Institutional Investors Weigh In On Park Aerospace

Large investors have recently modified their holdings of the business. MCF Advisors LLC raised its holdings in Park Aerospace by 42.2% during the 2nd quarter. MCF Advisors LLC now owns 1,226 shares of the semiconductor company’s stock worth $47,000 after buying an additional 364 shares during the period. Parvin Asset Management LLC lifted its stake in Park Aerospace by 11.4% in the first quarter. Parvin Asset Management LLC now owns 4,875 shares of the semiconductor company’s stock valued at $133,000 after buying an additional 500 shares in the last quarter. Strs Ohio lifted its stake in Park Aerospace by 15.9% in the first quarter. Strs Ohio now owns 5,100 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 700 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Park Aerospace by 28.5% in the third quarter. State of Alaska Department of Revenue now owns 4,374 shares of the semiconductor company’s stock valued at $129,000 after buying an additional 969 shares during the period. Finally, Susquehanna Fundamental Investments LLC lifted its position in Park Aerospace by 3.7% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 31,459 shares of the semiconductor company’s stock valued at $1,200,000 after acquiring an additional 1,128 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors.

About Park Aerospace

Park Aerospace Corp. (NYSE:PKE) is an aerospace manufacturing company that develops and produces advanced composite materials and composite structures. Its products are used in the manufacture of aircraft and other aerospace systems, where lightweight, high-strength materials are important for performance and fuel efficiency.

The company’s offerings include carbon fiber and other composite materials, prepregs, film adhesives, honeycomb and other core materials, and fabricated composite parts.