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NASDAQ:PATKPatrick Industries Stock Price, Forecast & News

$56.33
+2.04 (+3.76 %)
(As of 06/4/2020 10:56 AM ET)
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Compare
Today's Range
$53.13
Now: $56.33
$56.33
50-Day Range
$27.29
MA: $41.86
$56.38
52-Week Range
$16.70
Now: $56.33
$64.38
Volume2,306 shs
Average Volume240,554 shs
Market Capitalization$1.32 billion
P/E Ratio14.56
Dividend Yield1.88%
Beta2.46
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: 1.2Community Rank: 2.4Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.21 out of 5 stars


Industry, Sector and Symbol

Industry Millwork, veneer, plywood, & structural wood members
Sub-IndustryBuilding Products
Current SymbolNASDAQ:PATK
CUSIP70334310
Phone574-294-7511

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.34 billion
Cash Flow$7.09 per share
Book Value$20.93 per share

Profitability

Net Income$89.57 million

Miscellaneous

Employees7,500
Market Cap$1.32 billion
Next Earnings Date7/23/2020 (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 (COVID-19) reached pandemic status according to the World Health Organization. Since then, PATK stock has increased by 52.2% and is now trading at $56.33. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Patrick Industries?

5 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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, July 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, April, 30th. The construction company reported $0.91 EPS for the quarter, topping the Zacks' consensus estimate of $0.74 by $0.17. The construction company had revenue of $589.23 million for the quarter, compared to the consensus estimate of $584.16 million. Patrick Industries had a return on equity of 18.62% and a net margin of 3.88%. The firm's quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 EPS. View Patrick Industries' earnings history.

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

Patrick Industries declared a quarterly dividend on Tuesday, May 19th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.25 per share on Monday, June 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, May 29th. View Patrick Industries' dividend history.

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

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 issued shares were payable 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?

5 equities research analysts have issued 12-month target prices for Patrick Industries' stock. Their forecasts range from $36.00 to $59.00. On average, they anticipate Patrick Industries' stock price to reach $47.60 in the next twelve months. This suggests that the stock has a possible downside of 15.5%. View analysts' price targets for Patrick Industries.

Has Patrick Industries been receiving favorable news coverage?

Media stories about PATK stock have trended extremely positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Patrick Industries earned a media sentiment score of 5.0 on InfoTrie's scale. They also gave media coverage about the construction company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutPatrick Industries.

Are investors shorting Patrick Industries?

Patrick Industries saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,340,000 shares, an increase of 12.6% from the April 30th total of 1,190,000 shares. Based on an average trading volume of 293,300 shares, the days-to-cover ratio is currently 4.6 days. Approximately 6.2% of the shares of the stock are short sold. 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), Advanced Micro Devices (AMD), CVS Health (CVS), Walt Disney (DIS), UnitedHealth Group (UNH), Alibaba Group (BABA) and Cisco Systems (CSCO).

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (13.77%), Wellington Management Group LLP (6.88%), State Street Corp (2.86%), GW&K Investment Management LLC (2.33%), Capital Research Global Investors (1.78%) and TimesSquare Capital Management LLC (1.58%). 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 major investors are selling Patrick Industries stock?

PATK stock was sold by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Wellington Management Group LLP, BlackRock Inc., Driehaus Capital Management LLC, Wasatch Advisors Inc., KBC Group NV, GW&K Investment Management LLC, and AQR Capital Management LLC. Company insiders that have sold Patrick Industries company stock in the last year include Andy L Nemeth, Courtney Blosser, Jeff Rodino, Jeffrey L Et Al Gendell, Michael A Kitson, and Todd M Cleveland. View insider buying and selling activity for Patrick Industries.

Which major investors are buying Patrick Industries stock?

PATK stock was bought by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Matarin Capital Management LLC, Ziegler Capital Management LLC, Squarepoint Ops LLC, Monarch Partners Asset Management LLC, AJO LP, Cornercap Investment Counsel Inc., and State Street Corp. 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 $56.33.

How big of a company is Patrick Industries?

Patrick Industries has a market capitalization of $1.32 billion 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.

What is Patrick Industries' official website?

The official website for Patrick Industries is 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 6/4/2020 by MarketBeat.com Staff

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