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NASDAQ:PATKPatrick Industries Stock Price, Forecast & News

$31.42
+2.32 (+7.97 %)
(As of 04/7/2020 10:04 AM ET)
Add
Compare
Today's Range
$30.40
Now: $31.42
$32.24
50-Day Range
$19.36
MA: $40.04
$62.67
52-Week Range
$16.70
Now: $31.42
$64.38
Volume21,018 shs
Average Volume390,153 shs
Market Capitalization$750.31 million
P/E Ratio8.14
Dividend Yield4.50%
Beta2.2
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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Patrick Industries logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.50 out of 5 stars


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$2.34 billion
Cash Flow$9.49 per share
Book Value$20.93 per share

Profitability

Net Income$89.57 million

Miscellaneous

Employees7,500
Market Cap$750.31 million
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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Patrick Industries (NASDAQ:PATK) Frequently Asked Questions

How has Patrick Industries' stock been impacted by COVID-19 (Coronavirus)?

Patrick Industries' stock was trading at $37.01 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PATK shares have decreased by 21.4% and is now trading at $29.10. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Patrick Industries.

When is Patrick Industries' next earnings date?

Patrick Industries is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Patrick Industries.

How were Patrick Industries' earnings last quarter?

Patrick Industries, Inc. (NASDAQ:PATK) issued its earnings results on Thursday, February, 13th. The construction company reported $0.86 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.74 by $0.12. The construction company earned $549.50 million during the quarter, compared to analyst estimates of $535.56 million. Patrick Industries had a net margin of 3.83% and a return on equity of 19.21%. Patrick Industries's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 earnings per share. View Patrick Industries' earnings history.

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

Patrick Industries announced a quarterly dividend on Tuesday, February 25th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.25 per share on Monday, March 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Friday, March 6th. This is a positive change from Patrick Industries's previous quarterly dividend of $0.06. View Patrick Industries' dividend history.

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

Shares of Patrick Industries split before market open on Monday, December 11th 2017. The 3-2 split was announced on Thursday, November 9th 2017. The newly created shares were distributed 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?

4 analysts have issued 1 year target prices for Patrick Industries' stock. Their forecasts range from $36.00 to $75.00. On average, they anticipate Patrick Industries' stock price to reach $54.50 in the next twelve months. This suggests a possible upside of 87.3% from the stock's current price. View analysts' price targets for Patrick Industries.

Has Patrick Industries been receiving favorable news coverage?

News stories about PATK stock have trended very negative this week, InfoTrie Sentiment reports. The research firm identifies positive and negative 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 -5 to 5, with scores nearest to five being the most favorable. Patrick Industries earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave media coverage about the construction company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutPatrick Industries.

Are investors shorting Patrick Industries?

Patrick Industries saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 1,400,000 shares, an increase of 6.9% from the February 13th total of 1,310,000 shares. Based on an average trading volume of 183,200 shares, the short-interest ratio is presently 7.6 days. Currently, 6.3% of the company's shares are sold short. View Patrick Industries' Current Options Chain.

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 AT&T (T), Applied Materials (AMAT), Verizon Communications (VZ), Intel (INTC), Home Depot (HD), Advanced Micro Devices (AMD), NVIDIA (NVDA), CVS Health (CVS), Walt Disney (DIS) and UnitedHealth Group (UNH).

Who are Patrick Industries' key executives?

Patrick Industries' management team includes the following 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)

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 retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.09%). Company insiders that own Patrick Industries stock include Andy L Nemeth, Courtney Blosser, Jeff Rodino, Jeffrey L Et Al Gendell, Kip B Ellis, M Scott Welch, Michael A Kitson, Todd M Cleveland and Walter E Wells. View institutional ownership trends for Patrick Industries.

Which institutional investors are buying Patrick Industries stock?

PATK stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. Company insiders that have bought Patrick Industries stock in the last two years include Kip B Ellis, M Scott Welch, and Todd M Cleveland. View insider buying and selling activity 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 $29.10.

How big of a company is Patrick Industries?

Patrick Industries has a market capitalization of $694.91 million and generates $2.34 billion in revenue each year. The construction company earns $89.57 million in net income (profit) each year or $3.85 on an earnings per share basis. Patrick Industries employs 7,500 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]

This page was last updated on 4/7/2020 by MarketBeat.com Staff

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