River Road Asset Management LLC Sells 101,141 Shares of Park Aerospace Corp. $PKE

River Road Asset Management LLC decreased its position in shares of Park Aerospace Corp. (NYSE:PKE) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 627,737 shares of the semiconductor company’s stock after selling 101,141 shares during the quarter. River Road Asset Management LLC owned 3.15% of Park Aerospace worth $13,396,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Brandes Investment Partners LP raised its position in shares of Park Aerospace by 3.5% in the 4th 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. Next Century Growth Investors LLC boosted its position in shares of Park Aerospace by 93.0% during the 4th quarter. Next Century Growth Investors LLC now owns 526,054 shares of the semiconductor company’s stock worth $11,226,000 after acquiring an additional 253,508 shares in the last quarter. Foundation Resource Management Inc. boosted its position in shares of Park Aerospace by 0.6% during the 4th quarter. Foundation Resource Management Inc. now owns 503,497 shares of the semiconductor company’s stock worth $10,745,000 after acquiring an additional 3,004 shares in the last quarter. State Street Corp increased its stake in Park Aerospace by 1.4% in the fourth quarter. State Street Corp now owns 471,089 shares of the semiconductor company’s stock valued at $10,053,000 after acquiring an additional 6,434 shares during the last quarter. Finally, Roubaix Capital LLC increased its stake in Park Aerospace by 6.5% in the third quarter. Roubaix Capital LLC now owns 454,642 shares of the semiconductor company’s stock valued at $9,247,000 after acquiring an additional 27,856 shares during the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Park Aerospace Trading Down 0.5%

Shares of Park Aerospace stock opened at $32.39 on Friday. The firm’s 50 day moving average is $33.58 and its 200 day moving average is $27.67. The firm has a market capitalization of $676.22 million, a PE ratio of 57.83 and a beta of 0.42. Park Aerospace Corp. has a 1 year low of $13.52 and a 1 year high of $38.20.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Park Aerospace had a net margin of 15.38% and a return on equity of 10.08%. The business had revenue of $24.19 million during the quarter, compared to the consensus estimate of $22.31 million.

Park Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, July 1st. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. Park Aerospace’s dividend payout ratio is 89.29%.

Analysts Set New Price Targets

Several research analysts have commented on PKE shares. Weiss Ratings upgraded shares of Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 1st. Wall Street Zen lowered Park Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Citigroup began coverage on Park Aerospace in a research note on Tuesday, June 9th. They issued an “outperform” rating on the stock. Finally, Citizens Jmp initiated coverage on Park Aerospace in a research report on Tuesday, June 9th. They set a “market outperform” rating and a $42.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $42.00.

Park Aerospace Profile

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.