Park Aerospace Corp. (NYSE:PKE) Stock Has Average Price Target of $42.50 According to Analysts

Shares of Park Aerospace Corp. (NYSE:PKE) have been assigned an average recommendation of “Buy” from the five analysts that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $42.50.

Several analysts have recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $43.00 target price on shares of Park Aerospace in a research report on Friday, October 9th. Weiss Ratings lowered Park Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Wall Street Zen lowered Park Aerospace from a “buy” rating to a “hold” rating in a research report on Sunday, October 18th. Citigroup reissued a “market outperform” rating on shares of Park Aerospace in a research note on Monday, October 19th. Finally, Citizens Jmp restated a “market outperform” rating and set a $42.00 price objective on shares of Park Aerospace in a research report on Friday, October 9th.

Institutional Trading of Park Aerospace

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Penn Capital Management Company LLC boosted its position in shares of Park Aerospace by 13.6% during the third quarter. Penn Capital Management Company LLC now owns 55,158 shares of the semiconductor company’s stock valued at $1,638,000 after buying an additional 6,619 shares during the period. Ethic Inc. grew its stake in Park Aerospace by 12.0% in the third quarter. Ethic Inc. now owns 24,133 shares of the semiconductor company’s stock worth $717,000 after purchasing an additional 2,584 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Park Aerospace by 617.9% during the 3rd quarter. Parallel Advisors LLC now owns 1,120 shares of the semiconductor company’s stock worth $33,000 after buying an additional 964 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of Park Aerospace by 41.1% during the third quarter. Conestoga Capital Advisors LLC now owns 69,816 shares of the semiconductor company’s stock valued at $2,073,000 after purchasing an additional 20,331 shares in the last quarter. Finally, Sigma Planning Corp boosted its position in Park Aerospace by 33.6% during the 3rd quarter. Sigma Planning Corp now owns 40,203 shares of the semiconductor company’s stock valued at $1,194,000 after acquiring an additional 10,110 shares in the last quarter. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Park Aerospace Stock Performance

PKE stock opened at $23.27 on Monday. The firm has a fifty day moving average price of $28.60 and a 200 day moving average price of $30.75. Park Aerospace has a fifty-two week low of $18.25 and a fifty-two week high of $39.86. The firm has a market cap of $512.66 million, a PE ratio of 32.32 and a beta of 0.46.

Park Aerospace (NYSE:PKE) last released its quarterly earnings results on Thursday, October 8th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The company had revenue of $20.79 million for the quarter, compared to the consensus estimate of $20.01 million. Park Aerospace had a net margin of 18.42% and a return on equity of 11.21%.

Park Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Thursday, October 1st were given a dividend of $0.1250 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. Park Aerospace’s payout ratio is currently 69.44%.

About Park Aerospace

Park Aerospace Corp. (NYSE:PKE) develops and manufactures advanced composite materials and composite structures primarily for the aerospace industry. Its products are used in commercial aircraft, military aircraft, unmanned aerial vehicles, and other demanding aerospace applications where lightweight construction, strength, and durability are important.

The company’s offerings include carbon-fiber and other composite prepregs, specialized reinforcement materials, honeycomb core materials, film adhesives, and related composite-material systems.