Park Aerospace (NYSE:PKE) Stock Crosses Above 200 Day Moving Average – Should You Sell?

by · The Cerbat Gem

Park Aerospace Corp. (NYSE:PKE – Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.29 and traded as high as $34.10. Park Aerospace shares last traded at $33.4470, with a volume of 148,496 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 11th. Wall Street Zen upgraded shares of Park Aerospace from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

View Our Latest Report on Park Aerospace

Park Aerospace Stock Up 1.7%

The company’s fifty day moving average is $31.00 and its 200-day moving average is $25.49. The company has a market cap of $675.43 million, a PE ratio of 78.81 and a beta of 0.45.

Park Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 4th. Investors of record on Thursday, April 2nd were issued a $0.125 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $0.50 annualized dividend and a yield of 1.5%. Park Aerospace’s dividend payout ratio (DPR) is currently 116.28%.

Institutional Investors Weigh In On Park Aerospace

Several institutional investors and hedge funds have recently added to or reduced their stakes in PKE. Stephens Investment Management Group LLC purchased a new position in shares of Park Aerospace during the 1st quarter worth $14,926,000. Palisades Investment Partners LLC purchased a new position in shares of Park Aerospace during the 3rd quarter worth $5,904,000. Next Century Growth Investors LLC boosted its stake in shares of Park Aerospace by 93.0% during the 4th quarter. Next Century Growth Investors LLC now owns 526,054 shares of the semiconductor company’s stock worth $11,226,000 after acquiring an additional 253,508 shares during the last quarter. Portolan Capital Management LLC purchased a new position in shares of Park Aerospace during the 3rd quarter worth $4,984,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Park Aerospace during the 3rd quarter worth $3,060,000. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Park Aerospace Company Profile

(Get Free Report)

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.

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