Patrick Industries - PATK Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patrick Industries in the last twelve months. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PATK shares.
View PATK analyst ratings or view top-rated stocks.

7 equities research analysts have issued 12-month price objectives for Patrick Industries' stock. Their PATK share price forecasts range from $60.00 to $85.00. On average, they predict the company's share price to reach $71.33 in the next twelve months. This suggests a possible upside of 2.4% from the stock's current price.
View analysts price targets for PATK or view top-rated stocks among Wall Street analysts.

Patrick Industries' stock was trading at $60.60 at the beginning of 2023. Since then, PATK stock has increased by 14.9% and is now trading at $69.64.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our PATK earnings forecast.

Patrick Industries, Inc. (NASDAQ:PATK) released its earnings results on Thursday, February, 9th. The construction company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.11. The construction company had revenue of $952 million for the quarter, compared to the consensus estimate of $935.39 million. Patrick Industries had a trailing twelve-month return on equity of 38.26% and a net margin of 6.72%. The firm's revenue was down 17.0% on a year-over-year basis. During the same quarter last year, the company earned $2.55 EPS.

Patrick Industries declared a quarterly dividend on Monday, February 6th. Shareholders of record on Tuesday, February 21st will be paid a dividend of $0.45 per share on Monday, March 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, February 17th.
Read our dividend analysis for PATK.

ETFs with the largest weight of Patrick Industries (NASDAQ:PATK) stock in their portfolio include Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), ETC 6 Meridian Small Cap Equity ETF (SIXS), Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap 600 Pure Value ETF (RZV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), First Trust Small Cap Value AlphaDEX Fund (FYT) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).

Patrick Industries (NASDAQ:PATK) pays an annual dividend of $1.80 per share and currently has a dividend yield of 2.65%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PATK will have a dividend payout ratio of 18.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PATK.

Patrick Industries's stock split on the morning of 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 market closes on Friday, December 8th 2017. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

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

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

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

Patrick Industries' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.25%), Geode Capital Management LLC (1.83%), Charles Schwab Investment Management Inc. (1.50%), GW&K Investment Management LLC (1.38%), Pacer Advisors Inc. (1.35%) and Arrowstreet Capital Limited Partnership (0.99%). Insiders that own company stock include Andy L Nemeth, Courtney Blosser, Derrick B Mayes, Jeff Rodino, 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.

Shares of PATK stock 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.

One share of PATK stock can currently be purchased for approximately $69.64.

Patrick Industries (NASDAQ:PATK) has a market capitalization of $1.56 billion and generates $4.88 billion in revenue each year. The construction company earns $328.20 million in net income (profit) each year or $13.44 on an earnings per share basis.

The company employs 11,000 workers across the globe.

Patrick Industries' mailing address is 107 WEST FRANKLIN STREET PO BOX 638, ELKHART IN, 46515. The official website for the company is www.patrickind.com. The construction company can be reached via phone at (574) 294-7511, via email at ir@patrickind.com, or via fax at 574-522-5213.