Park Aerospace (NYSE:PKE) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Park Aerospace (NYSE:PKE) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Park Aerospace Stock Performance

Shares of PKE opened at $14.57 on Tuesday. Park Aerospace has a one year low of $11.96 and a one year high of $16.96. The stock has a 50-day moving average price of $13.59 and a 200 day moving average price of $13.64. The company has a market capitalization of $290.85 million, a P/E ratio of 42.85 and a beta of 0.38.

Park Aerospace (NYSE:PKE) last released its earnings results on Tuesday, October 15th. The semiconductor company reported $0.10 EPS for the quarter. The company had revenue of $16.71 million during the quarter. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%.

Park Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.50 annualized dividend and a dividend yield of 3.43%. Park Aerospace’s payout ratio is 147.06%.

Institutional Trading of Park Aerospace

Several hedge funds and other institutional investors have recently bought and sold shares of PKE. Brandes Investment Partners LP lifted its holdings in Park Aerospace by 12.0% during the 2nd quarter. Brandes Investment Partners LP now owns 2,150,573 shares of the semiconductor company’s stock worth $29,256,000 after buying an additional 229,720 shares during the last quarter. Vanguard Group Inc. lifted its stake in Park Aerospace by 0.8% during the first quarter. Vanguard Group Inc. now owns 1,020,844 shares of the semiconductor company’s stock worth $16,977,000 after purchasing an additional 7,821 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Park Aerospace by 0.9% in the second quarter. Renaissance Technologies LLC now owns 992,797 shares of the semiconductor company’s stock worth $13,581,000 after purchasing an additional 8,700 shares during the period. Heartland Advisors Inc. increased its stake in Park Aerospace by 0.8% during the first quarter. Heartland Advisors Inc. now owns 897,667 shares of the semiconductor company’s stock valued at $14,928,000 after purchasing an additional 6,818 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Park Aerospace by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 661,134 shares of the semiconductor company’s stock worth $9,044,000 after purchasing an additional 5,933 shares during the period. 77.83% of the stock is owned by institutional investors.

Park Aerospace Company Profile

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.