Patrick Industries Stock Price, News & Analysis (NASDAQ:PATK)

$42.49
+0.86 (+2.07 %)
(As of 09/22/2019 04:35 AM ET)
Today's Range
$40.8050
Now: $42.49
$42.77
50-Day Range
$33.67
MA: $39.11
$44.80
52-Week Range
$27.32
Now: $42.49
$64.45
Volume232,919 shs
Average Volume199,718 shs
Market Capitalization$1.01 billion
P/E Ratio9.14
Dividend YieldN/A
Beta2.1
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. Read More…

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$7.4938 per share
Book Value$17.03 per share

Profitability

Net Income$119.83 million

Miscellaneous

Employees8,113
Market Cap$1.01 billion
Next Earnings Date10/24/2019 (Estimated)
OptionableOptionable

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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 on Monday, December 11th 2017. The 3-2 split was announced on Thursday, November 9th 2017. The newly created shares were payable 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.

How will Patrick Industries' stock buyback program work?

Patrick Industries announced that its board has initiated a stock repurchase program on Wednesday, January 31st 2018, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

How were Patrick Industries' earnings last quarter?

Patrick Industries, Inc. (NASDAQ:PATK) announced its earnings results on Thursday, July, 25th. The construction company reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.14 by $0.04. The construction company had revenue of $613.20 million for the quarter, compared to the consensus estimate of $621.33 million. Patrick Industries had a net margin of 4.43% and a return on equity of 23.07%. The firm's revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.42 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, October 24th 2019. View Earnings Estimates for Patrick Industries.

What price target have analysts set for PATK?

4 equities research analysts have issued 12-month target prices for Patrick Industries' shares. Their forecasts range from $36.00 to $81.00. On average, they anticipate Patrick Industries' stock price to reach $56.50 in the next year. This suggests a possible upside of 33.0% 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 somewhat negative on Sunday, according to InfoTrie. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Patrick Industries earned a coverage optimism score of -1.3 on InfoTrie's scale. They also gave headlines about the construction company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Patrick Industries.

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 Intel (INTC), Applied Materials (AMAT), NVIDIA (NVDA), AT&T (T), Micron Technology (MU), Energy Transfer LP Unit (ET), Advanced Micro Devices (AMD), Netflix (NFLX), Alibaba Group (BABA) and Ford Motor (F).

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 shareholders include BlackRock Inc. (13.97%), Vanguard Group Inc. (6.32%), Royal Bank of Canada (4.99%), Price T Rowe Associates Inc. MD (3.39%), State of New Jersey Common Pension Fund D (2.47%) and GW&K Investment Management LLC (2.01%). 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, Todd M Cleveland and Walter E Wells. View Institutional Ownership Trends for Patrick Industries.

Which major investors are selling Patrick Industries stock?

PATK stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Royal Bank of Canada, RK Capital Management LLC, ClariVest Asset Management LLC, Bowling Portfolio Management LLC, Virginia Retirement Systems ET AL, D. E. Shaw & Co. Inc. and Algert Global 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 major investors are buying Patrick Industries stock?

PATK stock was purchased by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Nuveen Asset Management LLC, Morgan Stanley, River & Mercantile Asset Management LLP, River & Mercantile Asset Management LLP, Vanguard Group Inc., First Trust Advisors LP and BlackRock Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Patrick Industries' stock price today?

One share of PATK stock can currently be purchased for approximately $42.49.

How big of a company is Patrick Industries?

Patrick Industries has a market capitalization of $1.01 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.View Additional Information About Patrick Industries.

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:  238 (Thanks for Voting!)
Underperform Votes:  242 (Thanks for Voting!)
Total Votes:  480
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 9/22/2019 by MarketBeat.com Staff

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