Park Aerospace (NYSE:PKE) Posts Earnings Results

Park Aerospace (NYSE:PKE) released its quarterly earnings results on Tuesday. The semiconductor company reported $0.15 EPS for the quarter, FiscalAI reports. Park Aerospace had a return on equity of 7.97% and a net margin of 11.57%.The firm had revenue of $17.33 million during the quarter.

Park Aerospace Trading Down 3.0%

Shares of NYSE PKE traded down $0.73 during midday trading on Tuesday, reaching $23.21. The company had a trading volume of 752,611 shares, compared to its average volume of 288,719. Park Aerospace has a 1 year low of $11.97 and a 1 year high of $25.42. The business’s 50-day simple moving average is $20.37 and its 200 day simple moving average is $19.16. The stock has a market cap of $462.17 million, a P/E ratio of 64.48 and a beta of 0.31.

Park Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, January 2nd. This represents a $0.50 dividend on an annualized basis and a yield of 2.2%. Park Aerospace’s dividend payout ratio is presently 138.89%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Park Aerospace from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Park Aerospace presently has an average rating of “Hold”.

Institutional Trading of Park Aerospace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PKE. BNP Paribas Financial Markets lifted its stake in Park Aerospace by 50.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 726 shares during the period. Rhumbline Advisers lifted its position in Park Aerospace by 4.9% during the second quarter. Rhumbline Advisers now owns 30,657 shares of the semiconductor company’s stock valued at $453,000 after purchasing an additional 1,421 shares during the period. Jane Street Group LLC boosted its holdings in Park Aerospace by 11.4% in the first quarter. Jane Street Group LLC now owns 14,205 shares of the semiconductor company’s stock valued at $191,000 after purchasing an additional 1,456 shares during the last quarter. First Horizon Advisors Inc. grew its position in Park Aerospace by 179.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,596 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 2,307 shares during the period. Finally, Legal & General Group Plc grew its holdings in Park Aerospace by 161.0% during the second quarter. Legal & General Group Plc now owns 4,685 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 2,890 shares during the period. Institutional investors and hedge funds 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.