Park Aerospace (NYSE:PKE) Upgraded to “Strong-Buy” at Wall Street Zen

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

Separately, Weiss Ratings raised Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Park Aerospace has an average rating of “Buy”.

Park Aerospace Stock Down 1.6%

Shares of Park Aerospace stock opened at $32.39 on Friday. The stock has a market capitalization of $676.26 million, a P/E ratio of 57.84 and a beta of 0.42. The stock has a 50 day moving average price of $32.56 and a two-hundred day moving average price of $26.67. Park Aerospace has a 12-month low of $13.52 and a 12-month high of $38.20.

Park Aerospace (NYSE:PKE) last announced its earnings results on Thursday, May 28th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping 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%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Parvin Asset Management LLC lifted its holdings in shares of Park Aerospace by 11.4% during the first quarter. Parvin Asset Management LLC now owns 4,875 shares of the semiconductor company’s stock worth $133,000 after buying an additional 500 shares during the last quarter. Strs Ohio lifted its holdings in shares of Park Aerospace by 18.9% during the fourth quarter. Strs Ohio now owns 4,400 shares of the semiconductor company’s stock worth $94,000 after buying an additional 700 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Park Aerospace by 50.0% during the second quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock worth $32,000 after buying an additional 726 shares during the last quarter. ARS Investment Partners LLC lifted its holdings in shares of Park Aerospace by 6.4% during the fourth quarter. ARS Investment Partners LLC now owns 13,085 shares of the semiconductor company’s stock worth $279,000 after buying an additional 782 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its holdings in shares of Park Aerospace by 0.4% during the fourth quarter. Kennedy Capital Management LLC now owns 228,855 shares of the semiconductor company’s stock worth $4,884,000 after buying an additional 920 shares during the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

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.