Park Aerospace (NYSE:PKE) Reaches New 12-Month High – Still a Buy?

Shares of Park Aerospace Corp. (NYSE:PKE) hit a new 52-week high during trading on Tuesday . The stock 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.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings upgraded Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Wall Street Zen raised Park Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Park Aerospace presently has an average rating of “Buy”.

Park Aerospace Price Performance

The firm has a market capitalization of $531.63 million, a PE ratio of 61.82 and a beta of 0.31. The business’s 50 day moving average is $23.42 and its two-hundred day moving average is $20.76.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings results on Tuesday, January 13th. The semiconductor company reported $0.15 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Friday, January 2nd were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. Park Aerospace’s dividend payout ratio is 116.28%.

Institutional Trading of Park Aerospace

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC raised its holdings in Park Aerospace by 64.4% during the 4th quarter. Millennium Management LLC now owns 110,831 shares of the semiconductor company’s stock valued at $2,365,000 after buying an additional 43,415 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Park Aerospace by 51.7% in the 4th quarter. AQR Capital Management LLC now owns 18,762 shares of the semiconductor company’s stock worth $400,000 after acquiring an additional 6,391 shares in the last quarter. Trexquant Investment LP purchased a new position in Park Aerospace during the 4th quarter valued at about $559,000. Price T Rowe Associates Inc. MD boosted its stake in Park Aerospace by 11.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,238 shares of the semiconductor company’s stock worth $1,094,000 after acquiring an additional 5,237 shares in the last quarter. Finally, &PARTNERS grew its holdings in Park Aerospace by 5.8% in the fourth quarter. &PARTNERS now owns 21,623 shares of the semiconductor company’s stock worth $461,000 after purchasing an additional 1,194 shares during the period. 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.