Wall Street Zen Downgrades Park Aerospace (NYSE:PKE) to Buy

Park Aerospace (NYSE:PKE) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Separately, Weiss Ratings upgraded shares of Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Park Aerospace Stock Performance

Shares of PKE opened at $34.56 on Friday. The company’s fifty day moving average is $31.26 and its 200 day moving average is $25.65. Park Aerospace has a fifty-two week low of $13.30 and a fifty-two week high of $35.86. The stock has a market capitalization of $688.78 million, a PE ratio of 80.37 and a beta of 0.45.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Brandes Investment Partners LP increased its position in Park Aerospace by 3.5% during the fourth quarter. Brandes Investment Partners LP now owns 3,191,411 shares of the semiconductor company’s stock valued at $68,105,000 after acquiring an additional 107,231 shares during the last quarter. Renaissance Technologies LLC increased its position in Park Aerospace by 2.3% during the first quarter. Renaissance Technologies LLC now owns 859,097 shares of the semiconductor company’s stock valued at $23,522,000 after acquiring an additional 19,057 shares during the last quarter. Stephens Investment Management Group LLC bought a new position in Park Aerospace during the first quarter valued at $14,926,000. Next Century Growth Investors LLC increased 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 acquiring an additional 253,508 shares during the last quarter. Finally, Foundation Resource Management Inc. increased 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 acquiring an additional 3,004 shares during the last quarter. Institutional investors own 77.83% of the company’s stock.

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.