Park Aerospace (NYSE:PKE) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Park Aerospace Corp. (NYSE:PKE) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.98 and traded as high as $15.00. Park Aerospace shares last traded at $14.78, with a volume of 37,840 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Park Aerospace from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd.

Park Aerospace Stock Up 1.3 %

The firm has a market capitalization of $294.42 million, a price-to-earnings ratio of 41.06 and a beta of 0.43. The stock has a 50 day moving average of $14.65 and a 200 day moving average of $13.98.

Park Aerospace (NYSE:PKE) last released its earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 earnings per share for the quarter. Park Aerospace had a net margin of 11.90% and a return on equity of 7.02%.

Park Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Friday, January 3rd. Park Aerospace’s payout ratio is 138.89%.

Institutional Trading of Park Aerospace

Several large investors have recently added to or reduced their stakes in PKE. Copeland Capital Management LLC acquired a new stake in Park Aerospace in the third quarter worth about $43,000. SG Americas Securities LLC acquired a new position in Park Aerospace during the 4th quarter valued at about $132,000. Van ECK Associates Corp raised its position in shares of Park Aerospace by 39.6% during the 3rd quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock worth $160,000 after buying an additional 3,146 shares in the last quarter. Townsquare Capital LLC lifted its stake in shares of Park Aerospace by 8.3% in the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock worth $212,000 after acquiring an additional 1,248 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Park Aerospace by 23.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock valued at $239,000 after acquiring an additional 3,507 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Park Aerospace Company Profile

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.