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NASDAQ:PATK

Patrick Industries - PATK Stock Forecast, Price & News

$62.48
+1.28 (+2.09%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$60.97
$62.61
50-Day Range
$50.44
$62.48
52-Week Range
$49.79
$88.79
Volume
114,069 shs
Average Volume
226,787 shs
Market Capitalization
$1.43 billion
P/E Ratio
4.34
Dividend Yield
2.16%
Price Target
$74.00

Patrick Industries MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
18.4% Upside
$74.00 Price Target
Short Interest
Bearish
7.22% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.18
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$338,250 Sold Last Quarter
Proj. Earnings Growth
-17.31%
From $13.63 to $11.27 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.16 out of 5 stars

Construction Sector

61st out of 105 stocks

Motor Vehicle Parts & Accessories Industry

21st out of 36 stocks

PATK stock logo

About Patrick Industries (NASDAQ:PATK) Stock

Patrick Industries, Inc. manufactures and distributes components, building products, and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, China, and Canada. Its Manufacturing segment manufactures and sells furniture, shelving, wall, countertop, and cabinet product; cabinet door, fiberglass bath fixture, and tile system; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum product; fiberglass and plastic components; RV painting; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinet; polymer-based flooring product; dash panels; and other products. This segment also provides wrapped vinyl, paper, and hardwood profile moulding; interior passage doors; air handling products; slide-out trim and fascia; treated, untreated, and laminated plywood; fiberglass and plastic helm systems and components; boat covers, tower, top, and frame; adhesives and sealants; thermoformed shower surrounds; specialty bath, and closet building products; wiring and wire harnesses; aluminum and plastic fuel tanks; CNC molds, composite part, marine hardware; slotwall panels, components; and other products. The company's Distribution segment distributes pre-finished wall and ceiling panel, drywall and finishing product, electronic, audio system component, appliance, marine accessories, wiring product, electrical and plumbing product, fiber reinforced polyester product; cement siding product, raw and processed lumber, interior passage, roofing, laminate, and ceramic flooring product, shower door, furniture, fireplace and surround, interior and exterior lighting product, and other products. This segment also offers transportation and logistics service. The company was founded in 1959 and is headquartered in Elkhart, Indiana.

Analyst Upgrades and Downgrades

PATK has been the topic of a number of research reports. Truist Financial cut their target price on shares of Patrick Industries to $75.00 in a research report on Thursday, May 26th. MKM Partners assumed coverage on shares of Patrick Industries in a research report on Thursday, May 5th. They issued a "buy" rating and a $93.00 price objective on the stock. KeyCorp boosted their price objective on shares of Patrick Industries from $65.00 to $68.00 and gave the stock an "overweight" rating in a research note on Monday, August 1st. TheStreet downgraded shares of Patrick Industries from a "b-" rating to a "c+" rating in a research note on Thursday, July 14th. Finally, StockNews.com downgraded Patrick Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, May 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $74.00.

Patrick Industries Trading Up 2.4 %

Shares of Patrick Industries stock opened at $61.20 on Friday. Patrick Industries has a 12-month low of $49.79 and a 12-month high of $88.79. The firm's 50 day simple moving average is $56.03 and its two-hundred day simple moving average is $61.44. The company has a current ratio of 2.58, a quick ratio of 1.02 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 4.25, a PEG ratio of 0.49 and a beta of 1.93.

Patrick Industries (NASDAQ:PATK - Get Rating) last released its earnings results on Thursday, July 28th. The construction company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.42 by $1.89. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.23 billion. Patrick Industries had a return on equity of 45.44% and a net margin of 6.92%. Analysts predict that Patrick Industries will post 13.63 EPS for the current year.

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PATK Company Calendar

Ex-Dividend for 6/13 Dividend
5/27/2022
Dividend Payable
6/13/2022
Last Earnings
7/28/2022
Today
8/12/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
Building Products
Current Symbol
NASDAQ:PATK
CUSIP
70334310
Employees
11,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$74.00
High Stock Price Forecast
$93.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+18.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$224.91 million
Pretax Margin
9.19%

Debt

Sales & Book Value

Annual Sales
$4.08 billion
Cash Flow
$14.60 per share
Book Value
$39.26 per share

Miscellaneous

Free Float
21,469,000
Market Cap
$1.43 billion
Optionable
Optionable
Beta
1.93














PATK Stock - Frequently Asked Questions

Should I buy or sell Patrick Industries stock right now?

4 Wall Street research 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. The consensus among Wall Street research analysts is that investors should "buy" PATK shares.
View PATK analyst ratings
or view top-rated stocks.

What is Patrick Industries' stock price forecast for 2022?

4 analysts have issued 12 month price objectives for Patrick Industries' shares. Their PATK share price forecasts range from $60.00 to $93.00. On average, they expect the company's share price to reach $74.00 in the next year. This suggests a possible upside of 18.4% from the stock's current price.
View analysts price targets for PATK
or view top-rated stocks among Wall Street analysts.

How have PATK shares performed in 2022?

Patrick Industries' stock was trading at $80.69 on January 1st, 2022. Since then, PATK shares have decreased by 22.6% and is now trading at $62.48.
View the best growth stocks for 2022 here
.

When is Patrick Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our PATK earnings forecast
.

How were Patrick Industries' earnings last quarter?

Patrick Industries, Inc. (NASDAQ:PATK) released its quarterly earnings results on Thursday, July, 28th. The construction company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $3.42 by $1.89. The construction company earned $1.48 billion during the quarter, compared to analysts' expectations of $1.23 billion. Patrick Industries had a net margin of 6.92% and a trailing twelve-month return on equity of 45.44%.

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

Patrick Industries declared a quarterly dividend on Friday, May 13th. Shareholders of record on Tuesday, May 31st will be given a dividend of $0.33 per share on Monday, June 13th. This represents a $1.32 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, May 27th.
Read our dividend analysis for PATK
.

Is Patrick Industries a good dividend stock?

Patrick Industries (NASDAQ:PATK) pays an annual dividend of $1.32 per share and currently has a dividend yield of 2.16%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PATK will have a dividend payout ratio of 11.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PATK.

When did Patrick Industries' stock split?

Patrick Industries shares split on the morning of Monday, December 11th 2017. The 3-2 split was announced on Thursday, November 9th 2017. The newly issued shares were issued 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.

What is Andy Nemeth's approval rating as Patrick Industries' CEO?

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.

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 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).

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 variety of institutional and retail investors. Top institutional investors include Loomis Sayles & Co. L P (2.20%), Tributary Capital Management LLC (0.77%), Royce & Associates LP (0.69%), Principal Financial Group Inc. (0.66%), Victory Capital Management Inc. (0.56%) and Franklin Resources Inc. (0.55%). Insiders that own company stock include Andy L Nemeth, Courtney Blosser, Derrick B Mayes, Jeff Rodino, Jeffrey L Et Al Gendell, 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
.

How do I buy shares of Patrick Industries?

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.

What is Patrick Industries' stock price today?

One share of PATK stock can currently be purchased for approximately $62.48.

How much money does Patrick Industries make?

Patrick Industries (NASDAQ:PATK) has a market capitalization of $1.43 billion and generates $4.08 billion in revenue each year. The construction company earns $224.91 million in net income (profit) each year or $14.40 on an earnings per share basis.

How many employees does Patrick Industries have?

The company employs 11,000 workers across the globe.

How can I contact Patrick Industries?

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.

This page (NASDAQ:PATK) was last updated on 8/12/2022 by MarketBeat.com Staff

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