Bank of New York Mellon Corp Boosts Stake in Park Aerospace Corp. (NYSE:PKE)

Bank of New York Mellon Corp lifted its position in shares of Park Aerospace Corp. (NYSE:PKE) by 0.4% during the 4th quarter, HoldingsChannel reports. The fund owned 208,834 shares of the semiconductor company’s stock after purchasing an additional 887 shares during the period. Bank of New York Mellon Corp’s holdings in Park Aerospace were worth $3,059,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Foundation Resource Management Inc. boosted its stake in shares of Park Aerospace by 0.8% during the 4th quarter. Foundation Resource Management Inc. now owns 469,278 shares of the semiconductor company’s stock worth $6,875,000 after acquiring an additional 3,519 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Park Aerospace by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 422,116 shares of the semiconductor company’s stock worth $5,502,000 after acquiring an additional 5,491 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Park Aerospace by 5.4% during the 3rd quarter. Victory Capital Management Inc. now owns 173,074 shares of the semiconductor company’s stock worth $2,255,000 after acquiring an additional 8,823 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Park Aerospace by 19.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 49,869 shares of the semiconductor company’s stock worth $650,000 after acquiring an additional 8,045 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Park Aerospace by 295.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,713 shares of the semiconductor company’s stock valued at $504,000 after buying an additional 28,924 shares in the last quarter. 77.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Park Aerospace from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd.

Park Aerospace Trading Up 2.1 %

Shares of Park Aerospace stock opened at $13.92 on Thursday. The firm has a market capitalization of $277.36 million, a PE ratio of 38.67 and a beta of 0.40. Park Aerospace Corp. has a twelve month low of $11.96 and a twelve month high of $16.96. The firm’s 50-day moving average price is $14.11 and its 200 day moving average price is $14.14.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 earnings per share for the quarter. Park Aerospace had a net margin of 11.90% and a return on equity of 7.02%.

Park Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Wednesday, April 2nd will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Wednesday, April 2nd. Park Aerospace’s dividend payout ratio is presently 138.89%.

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.