Park Aerospace (NYSE:PKE) Raised to “Buy” at StockNews.com

Park Aerospace (NYSE:PKE) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Park Aerospace Trading Up 1.9 %

PKE opened at $14.82 on Wednesday. Park Aerospace has a twelve month low of $11.96 and a twelve month high of $16.96. The stock has a market cap of $295.29 million, a PE ratio of 41.18 and a beta of 0.43. The business’s 50 day moving average is $14.69 and its 200-day moving average is $13.92.

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

Institutional Investors Weigh In On Park Aerospace

A number of institutional investors have recently added to or reduced their stakes in the company. Brandes Investment Partners LP raised its stake in shares of Park Aerospace by 12.0% in the 2nd quarter. Brandes Investment Partners LP now owns 2,150,573 shares of the semiconductor company’s stock worth $29,256,000 after buying an additional 229,720 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Park Aerospace by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 661,134 shares of the semiconductor company’s stock worth $9,044,000 after acquiring an additional 5,933 shares during the period. Foundation Resource Management Inc. raised its position in Park Aerospace by 0.8% in the fourth quarter. Foundation Resource Management Inc. now owns 469,278 shares of the semiconductor company’s stock worth $6,875,000 after acquiring an additional 3,519 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Park Aerospace by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 422,116 shares of the semiconductor company’s stock valued at $5,502,000 after acquiring an additional 5,491 shares during the last quarter. Finally, Royce & Associates LP boosted its position in shares of Park Aerospace by 94.9% during the 3rd quarter. Royce & Associates LP now owns 371,673 shares of the semiconductor company’s stock valued at $4,843,000 after purchasing an additional 181,006 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.