Park Aerospace (NYSE:PKE) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Park Aerospace Corp. (NYSE:PKE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.16 and traded as high as $14.20. Park Aerospace shares last traded at $13.95, with a volume of 41,120 shares trading hands.

Analyst Ratings Changes

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

Park Aerospace Price Performance

The company has a market cap of $277.89 million, a price-to-earnings ratio of 38.74 and a beta of 0.40. The business has a 50 day simple moving average of $14.09 and a 200 day simple moving average of $14.16.

Park Aerospace (NYSE:PKE) last announced 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 declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Wednesday, April 2nd will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Wednesday, April 2nd. Park Aerospace’s dividend payout ratio is 138.89%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP raised its stake in shares of Park Aerospace by 29.6% during the fourth quarter. Two Sigma Advisers LP now owns 46,000 shares of the semiconductor company’s stock worth $674,000 after buying an additional 10,500 shares during the last quarter. Man Group plc acquired a new stake in Park Aerospace during the 4th quarter worth $249,000. Millennium Management LLC grew its holdings in Park Aerospace by 60.2% during the 4th quarter. Millennium Management LLC now owns 46,831 shares of the semiconductor company’s stock worth $686,000 after acquiring an additional 17,602 shares during the period. Deutsche Bank AG raised its position in shares of Park Aerospace by 4.9% during the 4th quarter. Deutsche Bank AG now owns 35,369 shares of the semiconductor company’s stock valued at $518,000 after acquiring an additional 1,660 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Park Aerospace by 62.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 54,659 shares of the semiconductor company’s stock valued at $801,000 after purchasing an additional 20,997 shares during the period. 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.