Park Aerospace (NYSE:PKE) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Park Aerospace Corp. (NYSE:PKE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.34 and traded as high as $27.86. Park Aerospace shares last traded at $26.8290, with a volume of 222,285 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Park Aerospace from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Weiss Ratings upgraded Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Park Aerospace Stock Down 2.5%

The stock has a 50 day simple moving average of $26.00 and a 200 day simple moving average of $22.34. The company has a market capitalization of $534.70 million, a price-to-earnings ratio of 62.39 and a beta of 0.29.

Park Aerospace (NYSE:PKE) last announced its quarterly earnings results on Tuesday, January 13th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $17.33 million for the quarter. Park Aerospace had a return on equity of 9.28% and a net margin of 13.14%.

Park Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Thursday, April 2nd will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, April 2nd. Park Aerospace’s payout ratio is presently 116.28%.

Institutional Trading of Park Aerospace

Several large investors have recently added to or reduced their stakes in the business. Millennium Management LLC raised its stake in Park Aerospace by 64.4% during the 4th quarter. Millennium Management LLC now owns 110,831 shares of the semiconductor company’s stock valued at $2,365,000 after acquiring an additional 43,415 shares in the last quarter. AQR Capital Management LLC increased its stake in Park Aerospace by 51.7% during the 4th quarter. AQR Capital Management LLC now owns 18,762 shares of the semiconductor company’s stock valued at $400,000 after buying an additional 6,391 shares during the period. Trexquant Investment LP bought a new stake in shares of Park Aerospace during the 4th quarter worth about $559,000. Price T Rowe Associates Inc. MD raised its position in shares of Park Aerospace by 11.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,238 shares of the semiconductor company’s stock worth $1,094,000 after buying an additional 5,237 shares in the last quarter. Finally, &PARTNERS boosted its holdings in shares of Park Aerospace by 5.8% in the fourth quarter. &PARTNERS now owns 21,623 shares of the semiconductor company’s stock valued at $461,000 after acquiring an additional 1,194 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

About Park Aerospace

Park Aerospace (NYSE: PKE) is a specialized materials and manufacturing company that designs, develops and produces high-performance composite structures, engineered laminates and specialty adhesives for aerospace, defense and industrial markets. Its product portfolio includes advanced honeycomb cores, composite assemblies, dielectric and high-reliability circuit materials, as well as structural and bonding solutions that meet demanding performance and weight requirements.

The company operates through two principal segments.