Park Aerospace (NYSE:PKE) Posts Earnings Results
Park Aerospace (NYSE:PKE) reported earnings of $0.12 per share for the quarter, with a return on equity of 7.60% and a net margin of 10.98%. The stock rose 1.2% to $20.85, with a market cap of $414.08 million. The company announced a quarterly dividend of $0.125 per share, payable on November 5th. Analysts maintain a "Hold" rating on the stock, with institutional investors holding 77.83% of shares. Park Aerospace specializes in advanced composite materials for the aerospace industry.
Park Aerospace (NYSE:PKE - Get Free Report) released its quarterly earnings data on Thursday. The semiconductor company reported $0.12 EPS for the quarter, Zacks reports. Park Aerospace had a net margin of 10.98% and a return on equity of 7.60%.
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Park Aerospace Trading Up 1.2%
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Shares of Park Aerospace stock traded up $0.24 during mid-day trading on Thursday, reaching $20.85. 263,787 shares of the stock were exchanged, compared to its average volume of 88,866. The company has a market cap of $414.08 million, a price-to-earnings ratio of 61.32 and a beta of 0.46. The firm has a 50-day simple moving average of $18.89 and a 200 day simple moving average of $15.89. Park Aerospace has a fifty-two week low of $11.97 and a fifty-two week high of $21.25.
Park Aerospace Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 1st will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, October 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.4%. Park Aerospace's dividend payout ratio (DPR) is 147.06%.
Analysts Set New Price Targets
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Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Park Aerospace in a report on Wednesday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Park Aerospace presently has a consensus rating of "Hold".
View Our Latest Stock Analysis on PKE
Institutional Investors Weigh In On Park Aerospace
A number of hedge funds have recently made changes to their positions in PKE. Marshall Wace LLP increased its holdings in Park Aerospace by 24.1% during the second quarter. Marshall Wace LLP now owns 114,703 shares of the semiconductor company's stock worth $1,694,000 after buying an additional 22,298 shares during the last quarter. State of Wyoming acquired a new position in Park Aerospace during the second quarter worth $211,000. Qube Research & Technologies Ltd increased its holdings in Park Aerospace by 17.3% during the second quarter. Qube Research & Technologies Ltd now owns 88,160 shares of the semiconductor company's stock worth $1,302,000 after buying an additional 12,979 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Park Aerospace by 81.9% during the second quarter. Quantinno Capital Management LP now owns 22,788 shares of the semiconductor company's stock worth $337,000 after buying an additional 10,257 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Park Aerospace by 1.7% during the second quarter. Geode Capital Management LLC now owns 439,194 shares of the semiconductor company's stock worth $6,489,000 after buying an additional 7,342 shares during the last quarter. Institutional investors and hedge funds own 77.83% of the company's stock.
Park Aerospace Company Profile
(Get Free Report)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.
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