Zacks: Park Electrochemical Corp. (NYSE:PKE) Given Average Rating of “Buy” by Analysts
Shares of Park Electrochemical Corp. (NYSE:PKE) have received a consensus broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company.
Brokerages have set a 12 month consensus price objective of $26.50 for the company and are expecting that the company will post $0.23 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Park Electrochemical Corp. an industry rank of 82 out of 265 based on the ratings given to its competitors.
Several equities analysts recently issued reports on the company. Needham & Company LLC lowered their price objective on Park Electrochemical Corp. from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Zacks Investment Research raised Park Electrochemical Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 31st.
Shares of Park Electrochemical Corp. (NYSE:PKE) opened at 17.37 on Monday. The company’s 50 day moving average price is $16.42 and its 200 day moving average price is $15.99. The company has a market capitalization of $351.46 million, a P/E ratio of 21.74 and a beta of 1.41. Park Electrochemical Corp. has a 12 month low of $13.65 and a 12 month high of $18.58.
Park Electrochemical Corp. (NYSE:PKE) last released its quarterly earnings data on Wednesday, June 29th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.07. The business earned $31.50 million during the quarter. Park Electrochemical Corp. had a net margin of 11.61% and a return on equity of 9.32%. During the same quarter in the previous year, the business earned $0.24 earnings per share. Analysts expect that Park Electrochemical Corp. will post $0.80 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Tuesday, October 4th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 30th. This represents a $0.40 annualized dividend and a yield of 2.30%. Park Electrochemical Corp.’s dividend payout ratio (DPR) is presently 49.38%.
Institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its position in Park Electrochemical Corp. by 1.9% in the second quarter. Arizona State Retirement System now owns 10,522 shares of the company’s stock valued at $153,000 after buying an additional 200 shares during the period. Deere & Co. purchased a new position in Park Electrochemical Corp. during the second quarter valued at $282,000. SECOR Capital Advisors LP boosted its position in Park Electrochemical Corp. by 30.6% in the second quarter. SECOR Capital Advisors LP now owns 19,485 shares of the company’s stock valued at $283,000 after buying an additional 4,564 shares during the last quarter. US Bancorp DE boosted its position in Park Electrochemical Corp. by 1.8% in the second quarter. US Bancorp DE now owns 19,480 shares of the company’s stock valued at $283,000 after buying an additional 351 shares during the last quarter. Finally, Walthausen & Co. LLC boosted its position in Park Electrochemical Corp. by 49.1% in the second quarter. Walthausen & Co. LLC now owns 24,280 shares of the company’s stock valued at $353,000 after buying an additional 8,000 shares during the last quarter. 82.68% of the stock is currently owned by institutional investors and hedge funds.
Park Electrochemical Corp. Company Profile
Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.
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