Next Century Growth Investors LLC Boosts Holdings in Park Aerospace Corp. $PKE

Next Century Growth Investors LLC boosted its position in Park Aerospace Corp. (NYSE:PKE) by 93.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 526,054 shares of the semiconductor company’s stock after buying an additional 253,508 shares during the period. Next Century Growth Investors LLC’s holdings in Park Aerospace were worth $11,226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brandes Investment Partners LP grew its position in Park Aerospace by 3.5% in the 4th quarter. Brandes Investment Partners LP now owns 3,191,411 shares of the semiconductor company’s stock valued at $68,105,000 after buying an additional 107,231 shares during the last quarter. Foundation Resource Management Inc. grew its position in Park Aerospace by 0.6% in 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 Park Aerospace by 1.4% in the 4th quarter. State Street Corp now owns 471,089 shares of the semiconductor company’s stock valued at $10,053,000 after buying an additional 6,434 shares during the last quarter. Roubaix Capital LLC grew its position in Park Aerospace by 6.5% in the 3rd quarter. Roubaix Capital LLC now owns 454,642 shares of the semiconductor company’s stock valued at $9,247,000 after buying an additional 27,856 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Park Aerospace by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 439,194 shares of the semiconductor company’s stock valued at $6,489,000 after buying an additional 7,342 shares during the last quarter. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

Park Aerospace Stock Performance

Park Aerospace stock opened at $35.56 on Friday. Park Aerospace Corp. has a one year low of $13.52 and a one year high of $38.20. The business has a fifty day moving average of $33.23 and a two-hundred day moving average of $27.21. The company has a market cap of $742.58 million, a P/E ratio of 63.51 and a beta of 0.42.

Park Aerospace (NYSE:PKE) last released its earnings results on Thursday, May 28th. The semiconductor company reported $0.19 EPS 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 company had revenue of $24.19 million during the quarter, compared to the consensus estimate of $22.31 million.

Park Aerospace Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. Park Aerospace’s dividend payout ratio (DPR) is 89.29%.

Analyst Ratings Changes

PKE has been the topic of a number of analyst reports. Citizens Jmp initiated coverage on shares of Park Aerospace in a research report on Tuesday, June 9th. They issued a “market outperform” rating and a $42.00 price objective on the stock. Citigroup initiated coverage on shares of Park Aerospace in a research report on Tuesday. They issued an “outperform” rating on the stock. Wall Street Zen lowered shares of Park Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Weiss Ratings raised Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Park Aerospace presently has an average rating of “Buy” and an average 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.