Park Aerospace (NYSE:PKE) Downgraded by Wall Street Zen to “Buy”

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

Several other research analysts have also weighed in on the stock. Citigroup initiated coverage on shares of Park Aerospace in a report on Tuesday. They set an “outperform” rating for the company. Weiss Ratings raised shares of Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, June 1st. Finally, Citizens Jmp began coverage on shares of Park Aerospace in a research report on Tuesday, June 9th. They set a “market outperform” rating and a $42.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $42.00.

Park Aerospace Price Performance

Park Aerospace stock opened at $35.56 on Friday. Park Aerospace has a 12-month low of $13.52 and a 12-month high of $38.20. The company has a market capitalization of $742.58 million, a price-to-earnings ratio of 63.51 and a beta of 0.42. The firm’s fifty day moving average price is $33.23 and its 200 day moving average price is $27.21.

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

Institutional Investors Weigh In On Park Aerospace

A number of large investors have recently made changes to their positions in PKE. Jones Financial Companies Lllp acquired a new stake in shares of Park Aerospace during the first quarter valued at approximately $52,000. Jane Street Group LLC grew its position in Park Aerospace by 11.4% in the first quarter. Jane Street Group LLC now owns 14,205 shares of the semiconductor company’s stock worth $191,000 after acquiring an additional 1,456 shares in the last quarter. Geode Capital Management LLC grew its position in Park Aerospace by 1.7% in the second quarter. Geode Capital Management LLC now owns 439,194 shares of the semiconductor company’s stock worth $6,489,000 after acquiring an additional 7,342 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Park Aerospace by 161.0% during the 2nd quarter. Legal & General Group Plc now owns 4,685 shares of the semiconductor company’s stock worth $69,000 after buying an additional 2,890 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Park Aerospace by 4.9% during the 2nd quarter. Rhumbline Advisers now owns 30,657 shares of the semiconductor company’s stock worth $453,000 after buying an additional 1,421 shares during the period. Institutional investors and hedge funds 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.