Park Aerospace (NYSE:PKE – Get Rating) It was upgraded from a ‘hold’ rating to a ‘buy’ rating by StockNews.com investment analysts in a research report issued to clients and investors on Wednesday.
Separately, TheStreet upgraded Park Aerospace from a ‘c+’ rating to a ‘b’ rating in its report on Friday, November 25th.
Park Aerospace Trading +1.7%
NYSE PKE shares opened Wednesday at $13.91. Park Aerospace has a 12-month low of $10.08 and a 12-month high of $14.21. The company has a market cap of $284.74 million, a P/E of 35.67 and a beta of 0.63. The stock has a 50-day moving average price of $12.99 and a 200-day moving average price of $12.17.
Park Aerospace (NYSE:PKE – Get Rating) last reported quarterly results on Thursday, Jan. 5. This semiconductor company reported that his earnings per share (EPS) for the quarter was his $0.12. The company’s revenue for the quarter was $13.87 million. Park Aerospace had a return on equity of 6.09% and a net profit margin of 15.05%.
Institutional investor joins Park Aerospace
Many institutional investors have recently changed their stock holdings. Ellevest Inc. increased his stake in Park Aerospace by 8.4% in the third quarter. Ellevest Inc. now owns 11,839 shares of the semiconductor company worth $131,000 after acquiring an additional 918 shares during this period. Thrivent Financial for Lutherans raised his 5.2% stake in Park Aerospace in the third quarter. Thrivent Financial for Lutherans now owns 20,090 shares of the semiconductor company worth $222,000 after purchasing an additional 996 shares of him last quarter. JPMorgan Chase & Co. raised his stake in Park Aerospace by 12.1% in the second quarter. JPMorgan Chase & Co. now owns 10,725 shares of the semiconductor company worth $137,000 after purchasing an additional 1,158 shares last quarter. TD Asset Management Inc. increased its stake in Park Aerospace by 8.6% in the second quarter. TD Asset Management Inc. now owns 15,100 shares of the semiconductor company worth $193,000 after purchasing an additional 1,200 shares during the previous quarter. Finally, Martingale Asset Management LP increased its stake in Park Aerospace by 6.2% in the second quarter. Martingale Asset Management LP owns 20,512 shares of the semiconductor company worth $263,000 after purchasing an additional 1,201 of his shares last quarter. Institutional investors and hedge funds own 86.35% of the company’s shares.
About Park Aerospace
Park Aerospace Corp. is committed to providing solutions and hot melt advanced composites. The company’s products are used to manufacture primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, unmanned aerial vehicles or drones, business jets, general aviation, and rotorcraft.
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