Insider Selling: Park Aerospace (NYSE:PKE) Insider Sells $90,000.00 in Stock

Park Aerospace Corp. (NYSE:PKE) insider Constantine Petropoulos sold 2,500 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $36.00, for a total transaction of $90,000.00. Following the completion of the transaction, the insider directly owned 2,500 shares of the company’s stock, valued at $90,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Park Aerospace Price Performance

Park Aerospace stock opened at $33.54 on Friday. Park Aerospace Corp. has a 12-month low of $17.25 and a 12-month high of $39.86. The stock has a market capitalization of $729.46 million, a P/E ratio of 53.23 and a beta of 0.39. The firm’s 50-day moving average is $34.28 and its two-hundred day moving average is $30.52.

Park Aerospace (NYSE:PKE) last posted its quarterly earnings data on Monday, July 20th. The semiconductor company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $18.31 million during the quarter, compared to analyst estimates of $17.95 million. Park Aerospace had a net margin of 16.70% and a return on equity of 10.75%.

Park Aerospace Dividend Announcement

The firm also recently declared 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 is Wednesday, July 1st. This represents a $0.50 annualized dividend and a yield of 1.5%. Park Aerospace’s payout ratio is 79.37%.

Analyst Upgrades and Downgrades

PKE has been the topic of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $43.00 price objective on shares of Park Aerospace in a report on Tuesday, July 21st. Citigroup reiterated a “market outperform” rating on shares of Park Aerospace in a research report on Tuesday, July 21st. Weiss Ratings raised Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 1st. Citizens Jmp began coverage on Park Aerospace in a report on Tuesday, June 9th. They issued a “market outperform” rating and a $42.00 price target for the company. Finally, Wall Street Zen downgraded shares of Park Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $42.50.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PKE. Brandes Investment Partners LP lifted its position in Park Aerospace by 3.5% during the fourth 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 in the last quarter. Renaissance Technologies LLC increased its position in shares of Park Aerospace by 2.3% in the first quarter. Renaissance Technologies LLC now owns 859,097 shares of the semiconductor company’s stock worth $23,522,000 after acquiring an additional 19,057 shares in the last quarter. Stephens Investment Management Group LLC acquired a new stake in shares of Park Aerospace in the first quarter worth $14,926,000. Next Century Growth Investors LLC raised its stake in shares of Park Aerospace by 93.0% in the 4th quarter. Next Century Growth Investors LLC now owns 526,054 shares of the semiconductor company’s stock valued at $11,226,000 after acquiring an additional 253,508 shares during the period. Finally, Foundation Resource Management Inc. raised its stake in shares of 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 acquiring an additional 3,004 shares during the period. Hedge funds and other institutional investors own 77.83% of the company’s stock.

About Park Aerospace

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.