Fmr LLC Grows Position in Park Aerospace Corp. (NYSE:PKE)

Fmr LLC increased its position in Park Aerospace Corp. (NYSE:PKE) by 26.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,336 shares of the semiconductor company’s stock after purchasing an additional 5,492 shares during the period. Fmr LLC owned 0.13% of Park Aerospace worth $343,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PKE. Premier Path Wealth Partners LLC lifted its position in Park Aerospace by 3.3% during the second quarter. Premier Path Wealth Partners LLC now owns 31,512 shares of the semiconductor company’s stock valued at $431,000 after purchasing an additional 1,000 shares during the period. Nisa Investment Advisors LLC raised its stake in Park Aerospace by 166.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 1,488 shares during the period. Foundation Resource Management Inc. lifted its holdings in shares of Park Aerospace by 0.4% in the third quarter. Foundation Resource Management Inc. now owns 465,759 shares of the semiconductor company’s stock worth $6,069,000 after buying an additional 2,025 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Park Aerospace by 39.6% during the third quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 3,146 shares in the last quarter. Finally, Copeland Capital Management LLC bought a new stake in Park Aerospace in the 3rd quarter worth approximately $43,000. 77.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Park Aerospace from a “hold” rating to a “buy” rating in a report on Wednesday.

Park Aerospace Stock Performance

Shares of NYSE PKE opened at $14.24 on Friday. The business’s 50 day moving average price is $14.59 and its 200-day moving average price is $13.74. Park Aerospace Corp. has a fifty-two week low of $11.96 and a fifty-two week high of $16.96. The company has a market cap of $284.26 million, a price-to-earnings ratio of 41.88 and a beta of 0.42.

Park Aerospace (NYSE:PKE) last announced its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $16.71 million for the quarter. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%.

Park Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Friday, January 3rd will be issued a $0.125 dividend. The ex-dividend date is Friday, January 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.51%. Park Aerospace’s dividend payout ratio is presently 147.06%.

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.