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S&P 500   3,852.36
DOW   32,920.46
QQQ   290.27
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Is This The End of Capitalism? (Ad)
What You Need to Know About Annuity Withdrawals
SoFi Technologies Smashes Earnings but Beware the Fed Decision
The Next Big Crisis Is Here (Ad)
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Grab Shares Are Suddenly On Track To Double
The Next Big Crisis Is Here (Ad)
Buying The Dip In Colgate-Palmolive 
GE Healthcare Technology: Speculating On Dividends 
S&P 500   3,852.36
DOW   32,920.46
QQQ   290.27
Mullen Automotive On Hiring Spree, What Could That Mean? 
Is This The End of Capitalism? (Ad)
What You Need to Know About Annuity Withdrawals
SoFi Technologies Smashes Earnings but Beware the Fed Decision
The Next Big Crisis Is Here (Ad)
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Grab Shares Are Suddenly On Track To Double
The Next Big Crisis Is Here (Ad)
Buying The Dip In Colgate-Palmolive 
GE Healthcare Technology: Speculating On Dividends 
S&P 500   3,852.36
DOW   32,920.46
QQQ   290.27
Mullen Automotive On Hiring Spree, What Could That Mean? 
Is This The End of Capitalism? (Ad)
What You Need to Know About Annuity Withdrawals
SoFi Technologies Smashes Earnings but Beware the Fed Decision
The Next Big Crisis Is Here (Ad)
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Grab Shares Are Suddenly On Track To Double
The Next Big Crisis Is Here (Ad)
Buying The Dip In Colgate-Palmolive 
GE Healthcare Technology: Speculating On Dividends 
NASDAQ:PATK

Patrick Industries - PATK Stock Forecast, Price & News

$68.94
+0.33 (+0.48%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$67.23
$69.19
50-Day Range
$54.47
$68.94
52-Week Range
$41.75
$73.48
Volume
162,190 shs
Average Volume
145,798 shs
Market Capitalization
$1.56 billion
P/E Ratio
4.79
Dividend Yield
2.62%
Price Target
$65.67

Patrick Industries MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
4.7% Downside
$65.67 Price Target
Short Interest
Bearish
6.98% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.18
Upright™ Environmental Score
News Sentiment
0.41mentions of Patrick Industries in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.13 M Sold Last Quarter
Proj. Earnings Growth
-34.64%
From $13.48 to $8.81 Per Share

Overall MarketRank

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

1.84 out of 5 stars

Construction Sector

77th out of 109 stocks

Motor Vehicle Parts & Accessories Industry

26th out of 34 stocks


PATK stock logo

About Patrick Industries (NASDAQ:PATK) Stock

Patrick Industries, Inc. engages in the manufacture of components products and distribution of building products for industrial markets. It operates through the following segments: Manufacturing and Distribution. The Manufacturing segment includes laminated products what are utilized to produce furniture, shelving, walls, countertops, cabinet products, cabinet doors, fiberglass bat fixtures, hardwood furniture, vinyl printing, solid surface, granite, quartz countertop fabrication, RV painting, fabricated aluminum products, fiberglass and plastic components, softwoods lumber, custom cabinetry, polymer-based flooring, electrical systems components, and other products. The Distribution segment distributes pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics and audio systems components, wiring, electrical and plumbing products, fiber reinforced polyester products, cement siding, interior passage doors, roofing products, laminate and ceramic flooring, shower doors, furniture, fireplaces and surrounds, interior and exterior lightning products, and other miscellaneous products. The company was founded in 1959 and is headquartered in Elkhart, IN.

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PATK Stock News Headlines

Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Rockford Fosgate® Mourns Loss of Founder Jim Fosgate
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Recap: Patrick Industries Q3 Earnings
Expert Ratings for Patrick Industries
PATK Patrick Industries, Inc.
See More Headlines
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PATK Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 12/12 Dividend
11/25/2022
Dividend Payable
12/12/2022
Today
1/31/2023
Next Earnings (Confirmed)
2/09/2023
Fiscal Year End
12/31/2023

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
$65.67
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
-4.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$224.91 million
Pretax Margin
9.09%

Debt

Sales & Book Value

Annual Sales
$4.08 billion
Cash Flow
$14.04 per share
Book Value
$32.45 per share

Miscellaneous

Free Float
21,281,000
Market Cap
$1.56 billion
Optionable
Optionable
Beta
1.83

Key Executives

  • Andy L. NemethAndy L. Nemeth
    Chief Executive Officer & Director
  • Jeffrey M. Rodino
    President
  • Kip B. Ellis
    Chief Operating Officer & Executive VP-Operations
  • Jacob R. Petkovich
    Treasurer, Chief Financial & Accounting Officer
  • Joel D. Duthie
    Secretary, Executive VP & Chief Legal Officer













PATK Stock - Frequently Asked Questions

Should I buy or sell Patrick Industries stock right now?

6 Wall Street research 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 4 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 2023?

6 equities research analysts have issued 1 year price targets for Patrick Industries' shares. Their PATK share price forecasts range from $60.00 to $75.00. On average, they predict the company's share price to reach $65.67 in the next year. This suggests that the stock has a possible downside of 4.7%.
View analysts price targets for PATK
or view top-rated stocks among Wall Street analysts.

How have PATK shares performed in 2023?

Patrick Industries' stock was trading at $60.60 on January 1st, 2023. Since then, PATK stock has increased by 13.8% and is now trading at $68.94.
View the best growth stocks for 2023 here
.

When is Patrick Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our PATK earnings forecast
.

How can I listen to Patrick Industries' earnings call?

Patrick Industries will be holding an earnings conference call on Thursday, February 9th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Patrick Industries' earnings last quarter?

Patrick Industries, Inc. (NASDAQ:PATK) announced its quarterly earnings data on Thursday, October, 28th. The construction company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.42. The construction company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $963.33 million. Patrick Industries had a net margin of 6.87% and a trailing twelve-month return on equity of 42.22%. The firm's quarterly revenue was up 51.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.62 earnings per share.

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

Patrick Industries declared a quarterly dividend on Friday, November 11th. Investors of record on Monday, November 28th will be given a dividend of $0.45 per share on Monday, December 12th. This represents a $1.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Friday, November 25th. This is a boost from the stock's previous quarterly dividend of $0.33.
Read our dividend analysis for PATK
.

Is Patrick Industries a good dividend stock?

Patrick Industries (NASDAQ:PATK) pays an annual dividend of $1.80 per share and currently has a dividend yield of 2.64%. 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 12.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PATK will have a dividend payout ratio of 20.43% 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'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 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 Tributary Capital Management LLC (0.89%), Scout Investments Inc. (0.52%), Allspring Global Investments Holdings LLC (0.44%), Congress Asset Management Co. MA (0.40%), Seizert Capital Partners LLC (0.26%) and Exchange Traded Concepts LLC (0.08%). 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 $68.94.

How much money does Patrick Industries make?

Patrick Industries (NASDAQ:PATK) has a market capitalization of $1.56 billion and generates $5.08 billion in revenue each year. The construction company earns $224.91 million in net income (profit) each year or $14.38 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 1/31/2023 by MarketBeat.com Staff