Park Aerospace (NYSE:PKE) Given “Buy” Rating at Needham & Company LLC

Park Aerospace (NYSE:PKE)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company LLC in a report released on Tuesday,Benzinga reports. They presently have a $43.00 price objective on the semiconductor company’s stock. Needham & Company LLC’s target price suggests a potential upside of 32.24% from the stock’s current price.

Several other research analysts have also commented on the stock. Citizens Jmp began coverage on shares of Park Aerospace in a report on Tuesday, June 9th. They issued a “market outperform” rating and a $42.00 price objective for the company. Wall Street Zen cut shares of Park Aerospace from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Citigroup reissued a “market outperform” rating on shares of Park Aerospace in a research note on Tuesday. Finally, Weiss Ratings upgraded shares of Park Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $42.50.

Park Aerospace Stock Up 0.2%

Shares of Park Aerospace stock opened at $32.52 on Tuesday. The company has a market cap of $678.93 million, a PE ratio of 58.06 and a beta of 0.39. The business has a 50 day moving average of $34.18 and a 200 day moving average of $29.84. Park Aerospace has a 52 week low of $17.25 and a 52 week high of $39.86.

Park Aerospace (NYSE:PKE) last released its quarterly earnings results on Monday, July 20th. The semiconductor company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $18.31 million for the quarter, compared to analysts’ expectations of $17.95 million. Park Aerospace had a net margin of 15.38% and a return on equity of 10.08%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Park Aerospace during the fourth quarter worth about $25,000. BNP Paribas Financial Markets lifted its holdings in shares of Park Aerospace by 50.0% during the second quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 726 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Park Aerospace during the first quarter valued at approximately $52,000. Tower Research Capital LLC TRC lifted its holdings in shares of Park Aerospace by 241.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 3,024 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of Park Aerospace in the 1st quarter worth approximately $64,000. 77.83% of the stock is currently owned by institutional investors.

About Park Aerospace

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.