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

$38.94
+0.67 (+1.75 %)
(As of 08/21/2019 04:00 PM ET)
Today's Range
$38.23
Now: $38.94
$39.22
50-Day Range
$37.11
MA: $43.80
$48.32
52-Week Range
$27.32
Now: $38.94
$67.50
Volume148,700 shs
Average Volume231,893 shs
Market Capitalization$929.46 million
P/E Ratio8.37
Dividend YieldN/A
Beta2
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$7.2921 per share
Book Value$17.03 per share

Profitability

Net Income$119.83 million

Miscellaneous

Employees8,113
Market Cap$929.46 million
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 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 of Directors has approved a share buyback plan on Wednesday, January 31st 2018, which authorizes the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign 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 quarterly earnings data on Thursday, July, 25th. The construction company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The construction company earned $613.20 million during the quarter, compared to analysts' expectations of $621.33 million. Patrick Industries had a return on equity of 23.07% and a net margin of 4.43%. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.42 earnings per share. 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 twelve-month price targets for Patrick Industries' stock. Their forecasts range from $49.00 to $81.00. On average, they expect Patrick Industries' share price to reach $60.50 in the next twelve months. This suggests a possible upside of 55.4% 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?

Press coverage about PATK stock has trended positive on Wednesday, InfoTrie reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. 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 daily sentiment score of 2.5 on InfoTrie's scale. They also gave news headlines about the construction company a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company's share price in the near term. 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 Alibaba Group (BABA), Home Depot (HD), NVIDIA (NVDA), Johnson & Johnson (JNJ), Verizon Communications (VZ), Applied Materials (AMAT), Intel (INTC), Mcdonald's (MCD), Cisco Systems (CSCO) and UnitedHealth Group (UNH).

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 a variety of of retail and institutional 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, Paul E Hassler, 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 acquired by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Nuveen Asset Management LLC, Morgan Stanley, Vanguard Group Inc., First Trust Advisors LP, BlackRock Inc., Wasatch Advisors Inc. and Centaurus Financial 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, Scottrade, Fidelity and Charles Schwab.

What is Patrick Industries' stock price today?

One share of PATK stock can currently be purchased for approximately $38.94.

How big of a company is Patrick Industries?

Patrick Industries has a market capitalization of $929.46 million 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:  236 (Vote Outperform)
Underperform Votes:  238 (Vote Underperform)
Total Votes:  474
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 8/21/2019 by MarketBeat.com Staff

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