Constantine Petropoulos Sells 2,500 Shares of Park Aerospace (NYSE:PKE) Stock

Park Aerospace Corp. (NYSE:PKE) 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 value of $90,000.00. Following the sale, the insider directly owned 2,500 shares in the company, valued at $90,000. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Park Aerospace Price Performance

Shares of NYSE PKE opened at $33.10 on Thursday. The stock has a market capitalization of $719.92 million, a PE ratio of 52.54 and a beta of 0.39. The business has a fifty day moving average price of $34.26 and a two-hundred day moving average price of $30.44. Park Aerospace Corp. has a fifty-two week low of $17.25 and a fifty-two week high of $39.86.

Park Aerospace (NYSE:PKE) last released its earnings results on Monday, July 20th. The semiconductor company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $18.31 million during the quarter, compared to the consensus estimate of $17.95 million. Park Aerospace had a return on equity of 10.75% and a net margin of 16.70%.

Park Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.50 annualized dividend and a yield of 1.5%. Park Aerospace’s dividend payout ratio is currently 79.37%.

Analyst Ratings Changes

Several equities analysts have commented on PKE shares. Wall Street Zen lowered shares of Park Aerospace from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $43.00 price target on shares of Park Aerospace in a report on Tuesday, July 21st. Citizens Jmp initiated coverage on shares of Park Aerospace in a research report on Tuesday, June 9th. They set a “market outperform” rating and a $42.00 price target on the stock. Weiss Ratings raised shares of Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 1st. Finally, Citigroup restated a “market outperform” rating on shares of Park Aerospace in a research report on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $42.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Park Aerospace in the fourth quarter worth about $25,000. BNP Paribas Financial Markets grew its holdings in shares of 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 purchasing an additional 726 shares during the last quarter. Fifth Third Bancorp acquired a new position in Park Aerospace during the 1st quarter worth approximately $64,000. State of Alaska Department of Revenue acquired a new position in Park Aerospace during the 4th quarter worth approximately $72,000. Finally, Jones Financial Companies Lllp bought a new position in Park Aerospace in the 1st quarter valued at approximately $52,000. Institutional investors and hedge funds own 77.83% of the company’s stock.

Park Aerospace Company 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.