Park Aerospace Corp. $PKE Stock Holdings Raised by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in Park Aerospace Corp. (NYSE:PKE) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 859,097 shares of the semiconductor company’s stock after purchasing an additional 19,057 shares during the quarter. Renaissance Technologies LLC owned approximately 4.31% of Park Aerospace worth $23,522,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Park Aerospace in the fourth quarter valued at about $25,000. BNP Paribas Financial Markets lifted its holdings 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 worth $32,000 after buying an additional 726 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Park Aerospace during the 1st quarter worth approximately $52,000. Tower Research Capital LLC TRC grew its position in shares of Park Aerospace by 241.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock worth $63,000 after acquiring an additional 3,024 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of Park Aerospace in the 1st quarter worth approximately $64,000. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Constantine Petropoulos sold 2,500 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were 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 represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.10% of the company’s stock.

Park Aerospace Trading Down 3.7%

Shares of Park Aerospace stock opened at $33.10 on Thursday. The stock has a market capitalization of $719.92 million, a price-to-earnings ratio of 52.54 and a beta of 0.39. Park Aerospace Corp. has a twelve month low of $17.25 and a twelve month high of $39.86. The business’s 50 day simple moving average is $34.26 and its 200-day simple moving average is $30.44.

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

Park Aerospace Dividend Announcement

The company 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 of this dividend is Wednesday, July 1st. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. Park Aerospace’s payout ratio is 79.37%.

Analyst Upgrades and Downgrades

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

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.