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

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$63.35 +1.60 (+2.59 %)
(As of 08/21/2018 04:00 PM ET)
Previous Close$62.20
Today's Range$62.20 - $63.95
52-Week Range$45.30 - $72.35
Volume2,006 shs
Average Volume218,376 shs
Market Capitalization$1.51 billion
P/E Ratio19.53
Dividend YieldN/A
Beta0.76
Patrick Industries logoPatrick 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; 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; 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, 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. It 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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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio1.43
Current Ratio2.23
Quick Ratio0.87

Price-To-Earnings

Trailing P/E Ratio19.53
Forward P/E Ratio13.34
P/E Growth0.96

Sales & Book Value

Annual Sales$1.64 billion
Price / Sales0.95
Cash Flow$4.5773 per share
Price / Cash13.84
Book Value$14.69 per share
Price / Book4.31

Profitability

EPS (Most Recent Fiscal Year)$3.18
Net Income$85.71 million
Net Margins5.49%
Return on Equity27.49%
Return on Assets10.97%

Miscellaneous

Employees6,721
Outstanding Shares24,530,000
Market Cap$1.51 billion

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 shares split on the morning of Monday, December 11th 2017. The 3-2 split was announced on Thursday, November 9th 2017. The newly minted shares were issued 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 has approved a share repurchase plan on Wednesday, January 31st 2018, which allows the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its stock is undervalued.

How were Patrick Industries' earnings last quarter?

Patrick Industries, Inc. (NASDAQ:PATK) posted its earnings results on Thursday, July, 26th. The construction company reported $1.42 EPS for the quarter, topping the Zacks' consensus estimate of $1.21 by $0.21. The construction company earned $604.88 million during the quarter, compared to analysts' expectations of $553.60 million. Patrick Industries had a net margin of 5.49% and a return on equity of 27.49%. The company's revenue was up 48.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.23 EPS. 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, 25th 2018. View Earnings Estimates for Patrick Industries.

What price target have analysts set for PATK?

4 brokers have issued 1 year price targets for Patrick Industries' shares. Their forecasts range from $66.00 to $85.00. On average, they expect Patrick Industries' stock price to reach $75.75 in the next twelve months. This suggests a possible upside of 18.8% 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 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Patrick Industries.

Who are some of Patrick Industries' key competitors?

Some companies that are related to Patrick Industries include Masco (MAS), Jeld-Wen (JELD), Masonite International (DOOR), Ply Gem (PGEM) and American Woodmark (AMWD).

Who are Patrick Industries' key executives?

Patrick Industries' management team includes the folowing people:
  • Mr. Todd M. Cleveland, Chairman & CEO (Age 50)
  • Mr. Andy L. Nemeth, Pres & Director (Age 49)
  • Mr. Joshua A. Boone, VP of Fin., CFO & Sec.-Treasurer (Age 39)
  • Mr. Kip B. Ellis, Exec. VP of Operations & COO (Age 44)
  • Mr. Jeffrey M. Rodino, Exec. VP of Sales & Chief Sales Officer (Age 48)

Has Patrick Industries been receiving favorable news coverage?

Headlines about PATK stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Patrick Industries earned a news and rumor sentiment score of 0.15 on Accern's scale. They also assigned news stories about the construction company an impact score of 41.07 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days. View Recent Headlines for Patrick Industries.

Who are Patrick Industries' major shareholders?

Patrick Industries' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.19%), Dimensional Fund Advisors LP (4.11%), State of New Jersey Common Pension Fund D (2.46%), Bank of America Corp DE (2.17%), PNC Financial Services Group Inc. (2.11%) and Wells Fargo & Company MN (1.48%). 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, Michael A Kitson, Paul E Hassler, Todd M Cleveland and Walter E Wells. View Institutional Ownership Trends for Patrick Industries.

Which institutional investors are selling Patrick Industries stock?

PATK stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, WINTON GROUP Ltd, New Amsterdam Partners LLC NY, Tygh Capital Management Inc., Victory Capital Management Inc., PNC Financial Services Group Inc., Centaurus Financial Inc. and Meadow Creek Investment 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, John A Forbes, Joseph M Cerulli, Joshua A Boone, Paul E Hassler, Todd M Cleveland and Walter E Wells. View Insider Buying and Selling 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 Millennium Management LLC, BlackRock Inc., Bank of America Corp DE, Wells Fargo & Company MN, Renaissance Technologies LLC, James Investment Research Inc., CIBC Private Wealth Group LLC and KBC Group NV. 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 $63.75.

How big of a company is Patrick Industries?

Patrick Industries has a market capitalization of $1.51 billion and generates $1.64 billion in revenue each year. The construction company earns $85.71 million in net income (profit) each year or $3.18 on an earnings per share basis. Patrick Industries employs 6,721 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 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:  175 (Vote Outperform)
Underperform Votes:  177 (Vote Underperform)
Total Votes:  352
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 8/21/2018 by MarketBeat.com Staff

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