Foundation Resource Management Inc. Raises Stock Position in Park Aerospace Corp. (NYSE:PKE)

Foundation Resource Management Inc. lifted its holdings in shares of Park Aerospace Corp. (NYSE:PKE) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 469,278 shares of the semiconductor company’s stock after buying an additional 3,519 shares during the period. Foundation Resource Management Inc.’s holdings in Park Aerospace were worth $6,875,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Park Aerospace by 295.5% during the third quarter. JPMorgan Chase & Co. now owns 38,713 shares of the semiconductor company’s stock worth $504,000 after purchasing an additional 28,924 shares in the last quarter. Sanctuary Advisors LLC lifted its position in 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. Barclays PLC boosted its holdings in Park Aerospace by 295.7% in the 3rd quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock worth $335,000 after acquiring an additional 19,213 shares during the period. Geode Capital Management LLC grew its position in Park Aerospace by 1.3% in the third quarter. Geode Capital Management LLC now owns 422,116 shares of the semiconductor company’s stock valued at $5,502,000 after acquiring an additional 5,491 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Park Aerospace by 76.5% during the third quarter. Jane Street Group LLC now owns 30,057 shares of the semiconductor company’s stock valued at $392,000 after purchasing an additional 13,024 shares during the period. 77.83% of the stock is owned by hedge funds and other institutional investors.

Park Aerospace Price Performance

NYSE:PKE opened at $14.24 on Wednesday. The firm has a 50-day moving average of $14.73 and a two-hundred day moving average of $13.87. The stock has a market cap of $284.26 million, a P/E ratio of 41.88 and a beta of 0.43. Park Aerospace Corp. has a 1-year low of $11.96 and a 1-year high of $16.96.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 EPS for the quarter. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%.

Park Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Friday, January 3rd. Park Aerospace’s payout ratio is currently 147.06%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Park Aerospace from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.