Park Aerospace Corp. (NYSE:PKE) Shares Sold by State Street Corp

State Street Corp trimmed its holdings in shares of Park Aerospace Corp. (NYSE:PKE) by 0.7% in the third quarter, HoldingsChannel reports. The firm owned 486,652 shares of the semiconductor company’s stock after selling 3,395 shares during the period. State Street Corp’s holdings in Park Aerospace were worth $6,341,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of PKE. Townsquare Capital LLC raised its holdings in Park Aerospace by 8.3% in the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock valued at $212,000 after acquiring an additional 1,248 shares during the last quarter. FMR LLC lifted its position in Park Aerospace by 26.3% during the third quarter. FMR LLC now owns 26,336 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 5,492 shares in the last quarter. Royce & Associates LP raised its stake in shares of Park Aerospace by 94.9% in the 3rd quarter. Royce & Associates LP now owns 371,673 shares of the semiconductor company’s stock valued at $4,843,000 after acquiring an additional 181,006 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Park Aerospace by 23.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock valued at $239,000 after acquiring an additional 3,507 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Park Aerospace by 5.4% in the 3rd quarter. Victory Capital Management Inc. now owns 173,074 shares of the semiconductor company’s stock valued at $2,255,000 after purchasing an additional 8,823 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Park Aerospace from a “hold” rating to a “buy” rating in a research report on Friday.

Park Aerospace Stock Performance

Shares of PKE opened at $14.52 on Friday. Park Aerospace Corp. has a one year low of $11.96 and a one year high of $16.96. The stock has a 50-day moving average price of $14.67 and a 200 day moving average price of $13.79. The company has a market capitalization of $289.85 million, a P/E ratio of 42.71 and a beta of 0.42.

Park Aerospace (NYSE:PKE) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $0.10 EPS for the quarter. The company had revenue of $16.71 million during the quarter. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%.

Park Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, January 3rd. Park Aerospace’s dividend payout ratio is presently 147.06%.

About Park Aerospace

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.