Park Aerospace (NYSE:PKE) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Park Aerospace (NYSE:PKE) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings raised shares of Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Park Aerospace currently has an average rating of “Buy”.

Park Aerospace Trading Down 0.3%

NYSE PKE opened at $25.08 on Friday. The stock has a market cap of $499.84 million, a PE ratio of 58.33 and a beta of 0.31. The company’s 50-day moving average price is $20.81 and its 200-day moving average price is $19.41. Park Aerospace has a 12 month low of $11.97 and a 12 month high of $26.12.

Park Aerospace (NYSE:PKE) last issued 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 return on equity of 9.28% and a net margin of 13.14%.The business had revenue of $17.33 million for the quarter.

Park Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Friday, January 2nd will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, January 2nd. Park Aerospace’s payout ratio is presently 116.28%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PKE. Jones Financial Companies Lllp acquired a new position in shares of Park Aerospace in the first quarter valued at approximately $52,000. Jane Street Group LLC grew its position in shares of Park Aerospace by 11.4% during the first quarter. Jane Street Group LLC now owns 14,205 shares of the semiconductor company’s stock worth $191,000 after buying an additional 1,456 shares in the last quarter. Fiduciary Alliance LLC purchased a new position in Park Aerospace in the second quarter worth approximately $172,000. Foundation Resource Management Inc. raised its holdings in shares of Park Aerospace by 4.0% in the 2nd quarter. Foundation Resource Management Inc. now owns 491,897 shares of the semiconductor company’s stock valued at $7,265,000 after purchasing an additional 19,087 shares in the last quarter. Finally, Callan Family Office LLC purchased a new position in Park Aerospace in the second quarter valued at $227,000. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

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.