United Services Automobile Association held its stake in shares of Park Electrochemical Corporation (NYSE:PKE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,400 shares of the semiconductor company’s stock at the end of the first quarter. United Services Automobile Association owned about 0.48% of Park Electrochemical Corporation worth $1,740,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Contravisory Investment Management Inc. purchased a new stake in shares of Park Electrochemical Corporation during the first quarter worth $151,000. Thrivent Financial for Lutherans purchased a new stake in shares of Park Electrochemical Corporation during the fourth quarter worth $192,000. Chicago Equity Partners LLC purchased a new stake in shares of Park Electrochemical Corporation during the first quarter worth $222,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of Park Electrochemical Corporation by 1.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,718 shares of the semiconductor company’s stock worth $274,000 after buying an additional 271 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in shares of Park Electrochemical Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 19,178 shares of the semiconductor company’s stock worth $343,000 after buying an additional 2,894 shares in the last quarter. Institutional investors own 82.50% of the company’s stock.
Park Electrochemical Corporation (PKE) traded down 0.33% on Friday, reaching $18.22. The company’s stock had a trading volume of 28,661 shares. The firm has a market capitalization of $368.66 million, a P/E ratio of 47.95 and a beta of 0.83. The firm has a 50-day moving average price of $18.11 and a 200 day moving average price of $18.02. Park Electrochemical Corporation has a 52-week low of $13.76 and a 52-week high of $20.24.
Park Electrochemical Corporation (NYSE:PKE) last released its quarterly earnings results on Wednesday, June 28th. The semiconductor company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.01. The business had revenue of $27.42 million for the quarter, compared to the consensus estimate of $29 million. Park Electrochemical Corporation had a return on equity of 4.92% and a net margin of 6.99%. During the same quarter last year, the company earned $0.15 earnings per share. Equities analysts anticipate that Park Electrochemical Corporation will post $0.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Wednesday, July 5th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.19%. Park Electrochemical Corporation’s dividend payout ratio (DPR) is presently 105.27%.
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Several equities research analysts have recently commented on PKE shares. BidaskClub cut Park Electrochemical Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research cut Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th.
Park Electrochemical Corporation 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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