Geode Capital Management LLC Boosts Holdings in Park Aerospace Corp. (NYSE:PKE)

Geode Capital Management LLC boosted its position in shares of Park Aerospace Corp. (NYSE:PKE) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 422,116 shares of the semiconductor company’s stock after purchasing an additional 5,491 shares during the period. Geode Capital Management LLC’s holdings in Park Aerospace were worth $5,502,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC acquired a new position in shares of Park Aerospace in the 3rd quarter valued at approximately $43,000. Van ECK Associates Corp boosted its stake in Park Aerospace by 39.6% during the 3rd quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock valued at $160,000 after acquiring an additional 3,146 shares during the last quarter. Townsquare Capital LLC increased its position in shares of Park Aerospace by 8.3% in the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 1,248 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Park Aerospace by 23.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock valued at $239,000 after purchasing an additional 3,507 shares in the last quarter. Finally, Barclays PLC increased its holdings in Park Aerospace by 295.7% in the third quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock valued at $335,000 after buying an additional 19,213 shares during the last quarter. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Park Aerospace from a “hold” rating to a “buy” rating in a report on Friday, December 27th.

Park Aerospace Price Performance

PKE stock opened at $14.35 on Friday. The firm has a market cap of $286.45 million, a price-to-earnings ratio of 42.21 and a beta of 0.42. Park Aerospace Corp. has a 1-year low of $11.96 and a 1-year high of $16.96. The firm has a fifty day moving average price of $14.69 and a two-hundred day moving average price of $13.83.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $0.10 EPS for the quarter. The firm 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 4th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 3.48%. Park Aerospace’s dividend payout ratio (DPR) is presently 147.06%.

Park Aerospace Company Profile

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.