Park Aerospace Corp. (NYSE:PKE - Get Free Report) insider Constantine Petropoulos sold 2,500 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $36.00, for a total transaction of $90,000.00. Following the completion of the transaction, the insider owned 2,500 shares in the company, valued at approximately $90,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Park Aerospace Trading Down 5.0%
PKE opened at $34.28 on Wednesday. Park Aerospace Corp. has a 12-month low of $17.25 and a 12-month high of $39.86. The firm has a 50 day moving average of $34.28 and a two-hundred day moving average of $30.38. The firm has a market capitalization of $745.59 million, a PE ratio of 54.41 and a beta of 0.39.
Park Aerospace (NYSE:PKE - Get Free Report) last released its quarterly earnings data on Monday, July 20th. The semiconductor company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $18.31 million for the quarter, compared to the consensus estimate of $17.95 million. Park Aerospace had a net margin of 16.70% and a return on equity of 10.75%.
Park Aerospace Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, July 1st. Park Aerospace's dividend payout ratio (DPR) is currently 79.37%.
Institutional Investors Weigh In On Park Aerospace
Several institutional investors and hedge funds have recently added to or reduced their stakes in PKE. Stephens Investment Management Group LLC acquired a new position in Park Aerospace during the first quarter worth $14,926,000. Next Century Growth Investors LLC boosted its holdings in 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 worth $11,226,000 after buying an additional 253,508 shares during the last quarter. Sei Investments Co. increased its stake in Park Aerospace by 116.2% during the 1st quarter. Sei Investments Co. now owns 263,034 shares of the semiconductor company's stock worth $7,202,000 after buying an additional 141,359 shares in the last quarter. Brandes Investment Partners LP increased its stake in Park Aerospace by 3.5% during the 4th quarter. Brandes Investment Partners LP now owns 3,191,411 shares of the semiconductor company's stock worth $68,105,000 after buying an additional 107,231 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Park Aerospace by 257.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 112,272 shares of the semiconductor company's stock valued at $2,396,000 after acquiring an additional 80,841 shares during the last quarter. Hedge funds and other institutional investors own 77.83% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on PKE shares. Citizens Jmp initiated coverage on Park Aerospace in a report on Tuesday, June 9th. They issued a "market outperform" rating and a $42.00 price objective for the company. Weiss Ratings raised Park Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, June 1st. Wall Street Zen cut Park Aerospace from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 14th. Citigroup reissued a "market outperform" rating on shares of Park Aerospace in a report on Tuesday, July 21st. Finally, Needham & Company LLC restated a "buy" rating and issued a $43.00 price objective on shares of Park Aerospace in a research report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $42.50.
View Our Latest Stock Report on Park Aerospace
About Park Aerospace
(
Get Free Report)
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.
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