Park Aerospace (NYSE:PKE) Sets New 1-Year High – Here’s Why

Park Aerospace Corp. (NYSE:PKE) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $26.80 and last traded at $26.5360, with a volume of 57790 shares traded. The stock had previously closed at $25.75.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PKE shares. Wall Street Zen raised Park Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings raised shares of Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Park Aerospace presently has a consensus rating of “Buy”.

Park Aerospace Trading Up 3.6%

The firm has a fifty day moving average of $23.42 and a 200 day moving average of $20.76. The company has a market capitalization of $531.63 million, a P/E ratio of 61.82 and a beta of 0.31.

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

Park Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Friday, January 2nd were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, January 2nd. Park Aerospace’s payout ratio is 116.28%.

Institutional Trading of Park Aerospace

Several large investors have recently modified their holdings of PKE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Park Aerospace in the fourth quarter valued at about $25,000. BNP Paribas Financial Markets boosted its holdings in shares of Park Aerospace by 50.0% in the second quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock worth $32,000 after buying an additional 726 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Park Aerospace during the first quarter valued at approximately $52,000. First Horizon Advisors Inc. increased its holdings in Park Aerospace by 179.0% during the second quarter. First Horizon Advisors Inc. now owns 3,596 shares of the semiconductor company’s stock valued at $53,000 after buying an additional 2,307 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Park Aerospace by 241.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock worth $63,000 after acquiring an additional 3,024 shares during the last quarter. Institutional investors own 77.83% of the company’s stock.

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.