US Bancorp DE lowered its stake in shares of Park Electrochemical Corporation (NYSE:PKE) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the semiconductor company’s stock after selling 650 shares during the period. US Bancorp DE owned about 0.10% of Park Electrochemical Corporation worth $368,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY raised 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 valued at $274,000 after buying an additional 271 shares during the period. Norges Bank bought a new stake in shares of Park Electrochemical Corporation during the fourth quarter valued at about $3,738,000. Great West Life Assurance Co. Can raised its stake in shares of Park Electrochemical Corporation by 11.4% in the first quarter. Great West Life Assurance Co. Can now owns 26,939 shares of the semiconductor company’s stock valued at $481,000 after buying an additional 2,752 shares during the period. Chicago Equity Partners LLC bought a new stake in shares of Park Electrochemical Corporation during the first quarter valued at about $222,000. Finally, Comerica Bank raised its stake in shares of Park Electrochemical Corporation by 3.8% in the first quarter. Comerica Bank now owns 21,022 shares of the semiconductor company’s stock valued at $366,000 after buying an additional 765 shares during the period. 81.30% of the stock is currently owned by institutional investors.
Park Electrochemical Corporation (NYSE PKE) traded up 0.34% during midday trading on Friday, hitting $17.81. 121,932 shares of the stock were exchanged. The stock has a market cap of $360.37 million, a PE ratio of 46.87 and a beta of 0.83. Park Electrochemical Corporation has a 1-year low of $13.76 and a 1-year high of $20.24. The company’s 50 day moving average is $18.18 and its 200-day moving average is $18.01.
Park Electrochemical Corporation (NYSE:PKE) last issued its earnings results on Wednesday, June 28th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.01. Park Electrochemical Corporation had a return on equity of 4.92% and a net margin of 6.99%. The firm had revenue of $27.42 million during the quarter, compared to the consensus estimate of $29 million. During the same quarter in the prior year, the business posted $0.15 EPS. On average, analysts expect that Park Electrochemical Corporation will post $0.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Wednesday, July 5th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Friday, June 30th. Park Electrochemical Corporation’s dividend payout ratio is 105.27%.
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A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. BidaskClub lowered shares of Park Electrochemical Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 6th.
About Park Electrochemical Corporation
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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