NASDAQ:PATK

Patrick Industries Stock Forecast, Price & News

$79.81
-0.06 (-0.08 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$77.99
$81.71
50-Day Range
$71.95
$87.01
52-Week Range
$47.74
$98.83
Volume295,512 shs
Average Volume146,522 shs
Market Capitalization$1.89 billion
P/E Ratio10.21
Dividend Yield1.40%
Beta2.44
30 days | 90 days | 365 days | Advanced Chart
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Patrick Industries logo

About Patrick Industries

Patrick Industries, Inc. engages in the manufacture of components products and distribution of building products for industrial markets. It operates through the following segments: Manufacturing and Distribution. The Manufacturing segment includes laminated products what are utilized to produce furniture, shelving, walls, countertops, cabinet products, cabinet doors, fiberglass bat fixtures, hardwood furniture, vinyl printing, solid surface, granite, quartz countertop fabrication, RV painting, fabricated aluminum products, fiberglass and plastic components, softwoods lumber, custom cabinetry, polymer-based flooring, electrical systems components, and other products. The Distribution segment distributes pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics and audio systems components, wiring, electrical and plumbing products, fiber reinforced polyester products, cement siding, interior passage doors, roofing products, laminate and ceramic flooring, shower doors, furniture, fireplaces and surrounds, interior and exterior lightning products, and other miscellaneous products. The company was founded in 1959 and is headquartered in Elkhart, IN.

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Industry, Sector and Symbol

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MarketRank

Overall MarketRank

3.08 out of 5 stars

Construction Sector

5th out of 137 stocks

Motor Vehicle Parts & Accessories Industry

3rd out of 48 stocks

Analyst Opinion: 3.5Community Rank: 4.4Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -
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Patrick Industries (NASDAQ:PATK) Frequently Asked Questions

Is Patrick Industries a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patrick Industries in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Patrick Industries stock.
View analyst ratings for Patrick Industries
or view top-rated stocks.

What stocks does MarketBeat like better than Patrick Industries?

Wall Street analysts have given Patrick Industries a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Patrick Industries wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Patrick Industries?

Patrick Industries saw a drop in short interest in August. As of August 13th, there was short interest totaling 523,000 shares, a drop of 14.9% from the July 29th total of 614,800 shares. Based on an average trading volume of 156,400 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.3% of the company's stock are short sold.
View Patrick Industries' Short Interest
.

When is Patrick Industries' next earnings date?

Patrick Industries is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Patrick Industries
.

How were Patrick Industries' earnings last quarter?

Patrick Industries, Inc. (NASDAQ:PATK) announced its quarterly earnings results on Thursday, July, 29th. The construction company reported $2.52 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.83 by $0.69. The construction company earned $1.02 billion during the quarter, compared to the consensus estimate of $878.80 million. Patrick Industries had a trailing twelve-month return on equity of 30.29% and a net margin of 5.43%.
View Patrick Industries' earnings history
.

How has Patrick Industries' stock price been impacted by COVID-19?

Patrick Industries' stock was trading at $37.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PATK stock has increased by 115.6% and is now trading at $79.81.
View which stocks have been most impacted by COVID-19
.

How often does Patrick Industries pay dividends? What is the dividend yield for Patrick Industries?

Patrick Industries announced a quarterly dividend on Friday, August 13th. Shareholders of record on Monday, August 30th will be paid a dividend of $0.28 per share on Monday, September 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, August 27th.
View Patrick Industries' dividend history
.

Is Patrick Industries a good dividend stock?

Patrick Industries pays an annual dividend of $1.12 per share and currently has a dividend yield of 1.40%. The dividend payout ratio of Patrick Industries is 26.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Patrick Industries will have a dividend payout ratio of 11.75% next year. This indicates that Patrick Industries will be able to sustain or increase its dividend.
View Patrick Industries' dividend history.

When did Patrick Industries' stock split? How did Patrick Industries' stock split work?

Patrick Industries shares split on Monday, December 11th 2017. The 3-2 split was announced on Thursday, November 9th 2017. The newly minted shares were issued to shareholders after the closing bell on Friday, December 8th 2017. An investor that had 100 shares of Patrick Industries stock prior to the split would have 150 shares after the split.

What price target have analysts set for PATK?

1 Wall Street analysts have issued 12 month price targets for Patrick Industries' shares. Their forecasts range from $104.00 to $104.00. On average, they expect Patrick Industries' share price to reach $104.00 in the next twelve months. This suggests a possible upside of 30.3% from the stock's current price.
View analysts' price targets for Patrick Industries
or view top-rated stocks among Wall Street analysts.

Who are Patrick Industries' key executives?

Patrick Industries' management team includes the following people:
  • Andy L. Nemeth, Chief Executive Officer & Director (LinkedIn Profile)
  • Jeffrey M. Rodino, President
  • Kip B. Ellis, Chief Operating Officer & Executive VP-Operations
  • Jake Petkovich, Chief Financial Officer, Treasurer & Executive VP
  • Joel D. Duthie, Secretary, Executive VP & Chief Legal Officer

What is Andy Nemeth's approval rating as Patrick Industries' CEO?

2 employees have rated Patrick Industries CEO Andy Nemeth on Glassdoor.com. Andy Nemeth has an approval rating of 100% among Patrick Industries' employees. This puts Andy Nemeth in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Patrick Industries' key competitors?

What other stocks do shareholders of Patrick Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Patrick Industries investors own include Advanced Micro Devices (AMD), Applied Materials (AMAT), The Home Depot (HD), NVIDIA (NVDA), Intel (INTC), Lam Research (LRCX), AT&T (T), Micron Technology (MU), Square (SQ) and Verizon Communications (VZ).

What is Patrick Industries' stock symbol?

Patrick Industries trades on the NASDAQ under the ticker symbol "PATK."

Who are Patrick Industries' major shareholders?

Patrick Industries' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.12%), Vanguard Group Inc. (6.12%), FMR LLC (4.19%), Dimensional Fund Advisors LP (3.98%), Price T Rowe Associates Inc. MD (3.47%) and State Street Corp (2.88%). Company insiders that own Patrick Industries stock include Andy L Nemeth, Courtney Blosser, Derrick B Mayes, Jeff Rodino, Jeffrey L Et Al Gendell, Joshua A Boone, Kip B Ellis, M Scott Welch, Michael A Kitson, Pamela R Klyn, Todd M Cleveland and Todd M Cleveland.
View institutional ownership trends for Patrick Industries
.

Which institutional investors are selling Patrick Industries stock?

PATK stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Wasatch Advisors Inc., Ziegler Capital Management LLC, Royal Bank of Canada, Dimensional Fund Advisors LP, Parallax Volatility Advisers L.P., Gendell Jeffrey L, and Grantham Mayo Van Otterloo & Co. LLC. Company insiders that have sold Patrick Industries company stock in the last year include Andy L Nemeth, Courtney Blosser, Derrick B Mayes, Jeff Rodino, Kip B Ellis, M Scott Welch, and Todd M Cleveland.
View insider buying and selling activity for Patrick Industries
or view top insider-selling stocks.

Which institutional investors are buying Patrick Industries stock?

PATK stock was purchased by a variety of institutional investors in the last quarter, including Epoch Investment Partners Inc., Millennium Management LLC, Marshall Wace LLP, Marshall Wace LLP, Victory Capital Management Inc., Squarepoint Ops LLC, State Street Corp, and Cubist Systematic Strategies LLC. Company insiders that have bought Patrick Industries stock in the last two years include Kip B Ellis, M Scott Welch, and Pamela R Klyn.
View insider buying and selling activity for Patrick Industries
or or view top insider-buying stocks.

How do I buy shares of Patrick Industries?

Shares of PATK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Patrick Industries' stock price today?

One share of PATK stock can currently be purchased for approximately $79.81.

How much money does Patrick Industries make?

Patrick Industries has a market capitalization of $1.89 billion and generates $2.49 billion in revenue each year. The construction company earns $97.06 million in net income (profit) each year or $4.20 on an earnings per share basis.

How many employees does Patrick Industries have?

Patrick Industries employs 8,700 workers across the globe.

What is Patrick Industries' official website?

The official website for Patrick Industries is www.patrickind.com.

Where are Patrick Industries' headquarters?

Patrick Industries is headquartered at 107 WEST FRANKLIN STREET PO BOX 638, ELKHART IN, 46515.

How can I contact Patrick Industries?

Patrick Industries' mailing address is 107 WEST FRANKLIN STREET PO BOX 638, ELKHART IN, 46515. The construction company can be reached via phone at (574) 294-7511 or via email at [email protected]


This page was last updated on 9/18/2021 by MarketBeat.com Staff
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