Quantinno Capital Management LP Raises Stock Holdings in Park Aerospace Corp. $PKE

Quantinno Capital Management LP raised its stake in Park Aerospace Corp. (NYSE:PKE) by 31.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 64,413 shares of the semiconductor company’s stock after purchasing an additional 15,292 shares during the quarter. Quantinno Capital Management LP’s holdings in Park Aerospace were worth $1,764,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PKE. Jones Financial Companies Lllp acquired a new stake in shares of Park Aerospace during the first quarter valued at about $52,000. Jane Street Group LLC raised its stake in shares of Park Aerospace by 11.4% in the 1st quarter. Jane Street Group LLC now owns 14,205 shares of the semiconductor company’s stock valued at $191,000 after acquiring an additional 1,456 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Park Aerospace by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 439,194 shares of the semiconductor company’s stock worth $6,489,000 after acquiring an additional 7,342 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Park Aerospace by 161.0% in the 2nd quarter. Legal & General Group Plc now owns 4,685 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 2,890 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Park Aerospace by 4.9% in the 2nd quarter. Rhumbline Advisers now owns 30,657 shares of the semiconductor company’s stock worth $453,000 after acquiring an additional 1,421 shares during the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

Analyst Ratings Changes

PKE has been the subject of several research reports. Weiss Ratings upgraded shares of Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. Wall Street Zen cut Park Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Citizens Jmp began coverage on Park Aerospace in a research report on Tuesday, June 9th. They set a “market outperform” rating and a $42.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Park Aerospace in a research note on Tuesday, July 21st. Finally, Citigroup reiterated a “market outperform” rating on shares of Park Aerospace in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $42.50.

Park Aerospace Price Performance

Shares of NYSE:PKE opened at $37.42 on Wednesday. The firm has a market capitalization of $813.91 million, a PE ratio of 59.40 and a beta of 0.41. Park Aerospace Corp. has a 1 year low of $17.25 and a 1 year high of $39.86. The firm’s 50-day moving average is $34.63 and its two-hundred day moving average is $31.18.

Park Aerospace (NYSE:PKE) last posted its quarterly earnings data on Monday, July 20th. The semiconductor company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $18.31 million during the quarter, compared to analyst estimates of $17.95 million. Park Aerospace had a net margin of 16.70% and a return on equity of 10.75%.

Park Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.125 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.50 dividend on an annualized basis and a yield of 1.3%. Park Aerospace’s dividend payout ratio is 79.37%.

Insider Buying and Selling

In other Park Aerospace news, insider Constantine Petropoulos sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $36.00, for a total value of $90,000.00. Following the completion of the transaction, the insider owned 2,500 shares of the company’s stock, valued at $90,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 7.10% of the stock is owned by corporate insiders.

Park Aerospace Company Profile

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.