Park Electrochemical Corp. (NYSE:PKE) declared a quarterly dividend on Wednesday, September 14th. Investors of record on Tuesday, October 4th will be paid a dividend of 0.10 per share on Tuesday, November 1st. This represents a $0.40 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, September 30th.
Park Electrochemical Corp. (NYSE:PKE) opened at 17.36 on Thursday. Park Electrochemical Corp. has a one year low of $13.65 and a one year high of $18.58. The company has a 50-day moving average price of $16.33 and a 200-day moving average price of $15.97. The firm has a market cap of $351.26 million, a PE ratio of 21.73 and a beta of 1.41.
Park Electrochemical Corp. (NYSE:PKE) last released its earnings results on Wednesday, June 29th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.07. The firm earned $31.50 million during the quarter. Park Electrochemical Corp. had a return on equity of 9.32% and a net margin of 11.61%. During the same period last year, the business earned $0.24 EPS. Equities analysts predict that Park Electrochemical Corp. will post $0.80 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System boosted its position in Park Electrochemical Corp. by 1.9% in the second quarter. Arizona State Retirement System now owns 10,522 shares of the company’s stock valued at $153,000 after buying an additional 200 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of Park Electrochemical Corp. by 65.8% in the second quarter. Citadel Advisors LLC now owns 26,753 shares of the company’s stock valued at $389,000 after buying an additional 10,621 shares during the period. Teachers Advisors Inc. increased its stake in shares of Park Electrochemical Corp. by 9.1% in the second quarter. Teachers Advisors Inc. now owns 32,142 shares of the company’s stock valued at $467,000 after buying an additional 2,684 shares during the period. Deere & Co. purchased a new stake in shares of Park Electrochemical Corp. during the second quarter valued at about $282,000. Finally, US Bancorp DE increased its stake in shares of Park Electrochemical Corp. by 1.8% in the second quarter. US Bancorp DE now owns 19,480 shares of the company’s stock valued at $283,000 after buying an additional 351 shares during the period. 82.68% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on PKE shares. Needham & Company LLC cut their target price on Park Electrochemical Corp. from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Zacks Investment Research raised Park Electrochemical Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 31st.
Park Electrochemical Corp. Company Profile
Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials, parts and assemblies and low-volume tooling products for the aerospace markets.
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