Stephens Investment Management Group LLC Invests $14.93 Million in Park Aerospace Corp. $PKE

Stephens Investment Management Group LLC acquired a new stake in Park Aerospace Corp. (NYSE:PKE) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 545,157 shares of the semiconductor company’s stock, valued at approximately $14,926,000. Stephens Investment Management Group LLC owned approximately 2.74% of Park Aerospace at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PKE. Brandes Investment Partners LP increased its position in Park Aerospace by 3.5% during the 4th quarter. Brandes Investment Partners LP now owns 3,191,411 shares of the semiconductor company’s stock worth $68,105,000 after purchasing an additional 107,231 shares in the last quarter. Next Century Growth Investors LLC lifted its position in Park Aerospace by 93.0% during the fourth quarter. Next Century Growth Investors LLC now owns 526,054 shares of the semiconductor company’s stock valued at $11,226,000 after buying an additional 253,508 shares in the last quarter. Foundation Resource Management Inc. lifted its position in Park Aerospace by 0.6% during the fourth quarter. Foundation Resource Management Inc. now owns 503,497 shares of the semiconductor company’s stock valued at $10,745,000 after buying an additional 3,004 shares in the last quarter. State Street Corp grew its stake in Park Aerospace by 1.4% during the fourth quarter. State Street Corp now owns 471,089 shares of the semiconductor company’s stock worth $10,053,000 after buying an additional 6,434 shares during the period. Finally, Geode Capital Management LLC grew its stake in Park Aerospace by 1.7% during the second quarter. Geode Capital Management LLC now owns 439,194 shares of the semiconductor company’s stock worth $6,489,000 after buying an additional 7,342 shares during the period. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Park Aerospace Price Performance

NYSE PKE opened at $37.83 on Monday. Park Aerospace Corp. has a fifty-two week low of $14.96 and a fifty-two week high of $39.86. The business has a 50 day moving average price of $34.01 and a two-hundred day moving average price of $28.81. The stock has a market cap of $789.89 million, a PE ratio of 67.55 and a beta of 0.39.

Park Aerospace (NYSE:PKE) last posted its quarterly earnings data 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. Park Aerospace had a net margin of 15.38% and a return on equity of 10.08%. The company had revenue of $24.19 million for the quarter, compared to analyst estimates of $22.31 million.

Park Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.50 annualized dividend and a yield of 1.3%. Park Aerospace’s payout ratio is 89.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PKE shares. Citigroup started coverage on shares of Park Aerospace in a research note on Tuesday, June 9th. They issued an “outperform” rating on the stock. Weiss Ratings raised shares of Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 1st. Wall Street Zen downgraded Park Aerospace from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Finally, Citizens Jmp began coverage on Park Aerospace in a research report on Tuesday, June 9th. They issued a “market outperform” rating and a $42.00 price objective on the stock. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price 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.