NASDAQ:PATK - Patrick Industries Stock Price, News, & Analysis

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$43.98 -0.26 (-0.59 %)
(As of 05/24/2019 02:48 AM ET)
Previous Close$44.24
Today's Range$43.14 - $44.72
52-Week Range$27.32 - $67.50
Volume138,300 shs
Average Volume278,359 shs
Market Capitalization$1.05 billion
P/E Ratio9.46
Dividend YieldN/A
Beta1.92
Patrick Industries, Inc. manufactures and distributes building products and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States and Canada. Its Manufacturing segment manufactures and sells furniture, shelving, walls, countertops, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, solid surface, granite, and quartz countertop fabrication products; RV paintings; fabricated aluminum products; decorative vinyl and paper laminated panels; fiberglass and plastic components; softwoods lumber; custom cabinets; polymer-based flooring products; and electrical systems and components, including instrument and dash panels, and other products. This segment also provides wrapped vinyl, paper, and hardwood profile moldings; interior passage doors; slide-out trim and fascia products; thermoformed shower surrounds; specialty bath and closet building products; fiberglass and plastic helm systems and components; wiring and wire harnesses; aluminum fuel tanks; boat covers, towers, tops, and frames; CNC molds and composite parts; and slotwall panels and components. The company's Distribution segment distributes pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics, audio systems components, appliances, wiring products, electrical and plumbing products, cement siding products, raw and processed lumber, fiber reinforced polyester products, interior passage doors, roofing products, laminate and ceramic flooring products, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, and other products. This segment also offers transportation and logistics services. Patrick Industries, Inc. offers its products through a network of manufacturing and distribution centers. The company was founded in 1959 and is based in Elkhart, Indiana.

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Industry, Sector and Symbol

Industry Millwork, veneer, plywood, & structural wood members
Sub-IndustryBuilding Products
SectorConstruction
Current SymbolNASDAQ:PATK
CUSIP70334310
Phone574-294-7511

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.26 billion
Cash Flow$7.1629 per share
Book Value$17.99 per share

Profitability

Net Income$119.83 million

Miscellaneous

Employees8,113
Market Cap$1.05 billion
Next Earnings Date7/25/2019 (Estimated)
OptionableOptionable

Patrick Industries (NASDAQ:PATK) Frequently Asked Questions

What is Patrick Industries' stock symbol?

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

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

Patrick Industries's stock split before market open on Monday, December 11th 2017. The 3-2 split was announced on Thursday, November 9th 2017. The newly minted shares were payable to shareholders after the market closes 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.

How will Patrick Industries' stock buyback program work?

Patrick Industries announced that its board has approved a share buyback program on Wednesday, January 31st 2018, which authorizes the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

How were Patrick Industries' earnings last quarter?

Patrick Industries, Inc. (NASDAQ:PATK) issued its quarterly earnings results on Thursday, April, 25th. The construction company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.02. The construction company had revenue of $608.20 million for the quarter, compared to analysts' expectations of $595.67 million. Patrick Industries had a net margin of 4.77% and a return on equity of 25.64%. Patrick Industries's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 EPS. View Patrick Industries' Earnings History.

When is Patrick Industries' next earnings date?

Patrick Industries is scheduled to release their next quarterly earnings announcement on Thursday, July 25th 2019. View Earnings Estimates for Patrick Industries.

What price target have analysts set for PATK?

4 equities research analysts have issued 12 month price objectives for Patrick Industries' shares. Their predictions range from $49.00 to $81.00. On average, they anticipate Patrick Industries' share price to reach $60.50 in the next year. This suggests a possible upside of 37.6% from the stock's current price. View Analyst Price Targets for Patrick Industries.

What is the consensus analysts' recommendation for Patrick Industries?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patrick Industries in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Patrick Industries.

Has Patrick Industries been receiving favorable news coverage?

Media coverage about PATK stock has been trending very negative this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Patrick Industries earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave news headlines about the construction company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future.

Who are some of Patrick Industries' key competitors?

Some companies that are related to Patrick Industries include Masco (MAS), Jeld-Wen (JELD), American Woodmark (AMWD), Masonite International (DOOR) and Ply Gem (PGEM).

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 Alibaba Group (BABA), Home Depot (HD), Intel (INTC), Energy Transfer LP Unit (ET), Johnson & Johnson (JNJ), Applied Materials (AMAT), Cisco Systems (CSCO), NVIDIA (NVDA), Chevron (CVX) and Thermo Fisher Scientific (TMO).

Who are Patrick Industries' key executives?

Patrick Industries' management team includes the folowing people:
  • Mr. Todd M. Cleveland, Chairman & CEO (Age 51)
  • Mr. Andy L. Nemeth, Pres & Director (Age 50)
  • Mr. Joshua A. Boone, VP of Fin., CFO & Sec.-Treasurer (Age 40)
  • Mr. Kip B. Ellis, Exec. VP of Operations & COO (Age 45)
  • Mr. Jeffrey M. Rodino, Exec. VP of Sales & Chief Sales Officer (Age 49)

Who are Patrick Industries' major shareholders?

Patrick Industries' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.87%), Dimensional Fund Advisors LP (4.99%), Wellington Management Group LLP (3.99%), JPMorgan Chase & Co. (2.53%), Neuberger Berman Group LLC (2.49%) and PNC Financial Services Group Inc. (1.82%). Company insiders that own Patrick Industries stock include Andy L Nemeth, Courtney Blosser, Jeff Rodino, Jeffrey L Et Al Gendell, John A Forbes, Joseph M Cerulli, Joshua A Boone, M Scott Welch, Paul E Hassler, Todd M Cleveland and Walter E Wells. 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 Morgan Stanley, Marshall Wace LLP, The Manufacturers Life Insurance Company , JPMorgan Chase & Co., PNC Financial Services Group Inc., First Trust Advisors LP, Alps Advisors Inc. and Neuberger Berman Group LLC. Company insiders that have sold Patrick Industries company stock in the last year include Courtney Blosser, Jeffrey L Et Al Gendell and Walter E Wells. View Insider Buying and Selling for Patrick Industries.

Which institutional investors are buying Patrick Industries stock?

PATK stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Waratah Capital Advisors Ltd., RK Capital Management LLC, Dimensional Fund Advisors LP, Wells Fargo & Company MN, Timucuan Asset Management Inc. FL, South Dakota Investment Council and LSV Asset Management. Company insiders that have bought Patrick Industries stock in the last two years include M Scott Welch and Todd M Cleveland. View Insider Buying and Selling for Patrick Industries.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Patrick Industries' stock price today?

One share of PATK stock can currently be purchased for approximately $43.98.

How big of a company is Patrick Industries?

Patrick Industries has a market capitalization of $1.05 billion and generates $2.26 billion in revenue each year. The construction company earns $119.83 million in net income (profit) each year or $4.65 on an earnings per share basis. Patrick Industries employs 8,113 workers across the globe.

What is Patrick Industries' official website?

The official website for Patrick Industries is http://www.patrickind.com/.

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]


MarketBeat Community Rating for Patrick Industries (NASDAQ PATK)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  232 (Vote Outperform)
Underperform Votes:  227 (Vote Underperform)
Total Votes:  459
MarketBeat's community ratings are surveys of what our community members think about Patrick Industries and other stocks. Vote "Outperform" if you believe PATK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PATK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/24/2019 by MarketBeat.com Staff

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