Legal & General Group Plc grew its holdings in Park Electrochemical Corporation (NYSE:PKE) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,578 shares of the semiconductor company’s stock after purchasing an additional 3,902 shares during the period. Legal & General Group Plc owned approximately 0.17% of Park Electrochemical Corporation worth $637,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thrivent Financial For Lutherans raised its position in shares of Park Electrochemical Corporation by 4.1% in the first quarter. Thrivent Financial For Lutherans now owns 10,700 shares of the semiconductor company’s stock valued at $191,000 after purchasing an additional 420 shares during the period. Texas Permanent School Fund raised its position in shares of Park Electrochemical Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 13,887 shares of the semiconductor company’s stock valued at $256,000 after purchasing an additional 116 shares during the period. State of Tennessee Treasury Department raised its position in shares of Park Electrochemical Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 19,178 shares of the semiconductor company’s stock valued at $343,000 after purchasing an additional 2,894 shares during the period. Comerica Bank raised its position in shares of Park Electrochemical Corporation by 3.8% in the first quarter. Comerica Bank now owns 21,022 shares of the semiconductor company’s stock valued at $366,000 after purchasing an additional 765 shares during the period. Finally, US Bancorp DE raised its position in shares of Park Electrochemical Corporation by 1.0% in the first quarter. US Bancorp DE now owns 20,650 shares of the semiconductor company’s stock valued at $370,000 after purchasing an additional 207 shares during the period. 81.68% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the stock. BidaskClub lowered shares of Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target on shares of Park Electrochemical Corporation in a research report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Park Electrochemical Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th.

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Shares of Park Electrochemical Corporation (PKE) opened at 18.90 on Thursday. Park Electrochemical Corporation has a 52-week low of $13.76 and a 52-week high of $20.24. The company has a market cap of $382.42 million, a price-to-earnings ratio of 49.74 and a beta of 0.87. The stock has a 50 day moving average of $18.22 and a 200 day moving average of $17.84.

Park Electrochemical Corporation (NYSE:PKE) last posted its quarterly earnings data on Tuesday, October 3rd. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Park Electrochemical Corporation had a return on equity of 4.92% and a net margin of 6.99%. The business had revenue of $29.84 million during the quarter, compared to analysts’ expectations of $28.00 million. During the same period in the previous year, the business posted $0.10 EPS. On average, equities research analysts expect that Park Electrochemical Corporation will post $0.55 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Monday, October 2nd. Park Electrochemical Corporation’s payout ratio is 105.27%.

Park Electrochemical Corporation 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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Institutional Ownership by Quarter for Park Electrochemical Corporation (NYSE:PKE)

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