Brandes Investment Partners LP Has $68.11 Million Stock Position in Park Aerospace Corp. $PKE

Brandes Investment Partners LP grew its position in Park Aerospace Corp. (NYSE:PKE) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,191,411 shares of the semiconductor company’s stock after buying an additional 107,231 shares during the period. Brandes Investment Partners LP owned 16.01% of Park Aerospace worth $68,105,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC increased its stake in shares of Park Aerospace by 16.7% in the 4th quarter. LPL Financial LLC now owns 42,323 shares of the semiconductor company’s stock valued at $903,000 after buying an additional 6,049 shares during the period. State of Wyoming grew its stake in shares of Park Aerospace by 12.8% during the fourth quarter. State of Wyoming now owns 15,313 shares of the semiconductor company’s stock worth $327,000 after purchasing an additional 1,743 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Park Aerospace by 257.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 112,272 shares of the semiconductor company’s stock worth $2,396,000 after purchasing an additional 80,841 shares during the period. Geode Capital Management LLC grew its stake in shares of Park Aerospace by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 425,909 shares of the semiconductor company’s stock worth $9,091,000 after purchasing an additional 1,442 shares during the period. Finally, Legato Capital Management LLC grew its stake in shares of Park Aerospace by 9.7% during the fourth quarter. Legato Capital Management LLC now owns 47,620 shares of the semiconductor company’s stock worth $1,016,000 after purchasing an additional 4,204 shares during the period. 77.83% of the stock is owned by institutional investors and hedge funds.

Park Aerospace Trading Up 8.2%

NYSE:PKE opened at $34.51 on Wednesday. Park Aerospace Corp. has a 1 year low of $13.52 and a 1 year high of $38.20. The stock has a market cap of $720.61 million, a price-to-earnings ratio of 61.63 and a beta of 0.42. The stock has a 50-day moving average price of $32.78 and a two-hundred day moving average price of $26.93.

Park Aerospace (NYSE:PKE) last posted its earnings results on Thursday, May 28th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $24.19 million during the quarter, compared to analysts’ expectations of $22.31 million. Park Aerospace had a return on equity of 10.08% and a net margin of 15.38%.

Park Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, July 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. Park Aerospace’s dividend payout ratio (DPR) is presently 89.29%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PKE shares. Citizens Jmp started coverage on Park Aerospace in a research note on Tuesday. They set a “market outperform” rating and a $42.00 price objective for the company. Citigroup started coverage on Park Aerospace in a research note on Tuesday. They set an “outperform” rating for the company. Wall Street Zen raised Park Aerospace from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Weiss Ratings raised Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 1st. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Park Aerospace currently has a consensus rating of “Buy” and an average price target of $42.00.

Park Aerospace Company Profile

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.