State Street Corp Sells 3,395 Shares of Park Aerospace Corp. (NYSE:PKE)

State Street Corp cut its holdings in shares of Park Aerospace Corp. (NYSE:PKE) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 486,652 shares of the semiconductor company’s stock after selling 3,395 shares during the period. State Street Corp owned 2.44% of Park Aerospace worth $6,341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PKE. Townsquare Capital LLC grew its holdings in shares of Park Aerospace by 8.3% during the third quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock valued at $212,000 after buying an additional 1,248 shares during the last quarter. FMR LLC lifted its position in Park Aerospace by 26.3% in the 3rd quarter. FMR LLC now owns 26,336 shares of the semiconductor company’s stock valued at $343,000 after acquiring an additional 5,492 shares in the last quarter. Royce & Associates LP boosted its stake in 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 during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Park Aerospace by 23.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock worth $239,000 after purchasing an additional 3,507 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Park Aerospace by 5.4% in the third quarter. Victory Capital Management Inc. now owns 173,074 shares of the semiconductor company’s stock worth $2,255,000 after purchasing an additional 8,823 shares during the last quarter. Institutional investors own 77.83% of the company’s stock.

Analyst Ratings Changes

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

Park Aerospace Stock Down 2.5 %

Park Aerospace stock opened at $14.52 on Friday. The company has a market capitalization of $289.85 million, a price-to-earnings ratio of 42.71 and a beta of 0.42. Park Aerospace Corp. has a 52 week low of $11.96 and a 52 week high of $16.96. The stock has a 50-day moving average price of $14.67 and a 200 day moving average price of $13.79.

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

Park Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Friday, January 3rd will be paid 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 3.44%. Park Aerospace’s payout ratio is presently 147.06%.

About Park Aerospace

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.