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All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
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Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
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Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Why is Russia reopening dormant copper mines? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
China Threat Triggers Potential Mining Boom for Investors (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Why is Russia reopening dormant copper mines? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
China Threat Triggers Potential Mining Boom for Investors (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Why is Russia reopening dormant copper mines? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Why is Russia reopening dormant copper mines? (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
China Threat Triggers Potential Mining Boom for Investors (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
Why is Russia reopening dormant copper mines? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
NASDAQ:PATK

Patrick Industries - PATK Stock Forecast, Price & News

$57.62
-0.14 (-0.24%)
(As of 12/5/2022 12:00 AM ET)
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Compare
Today's Range
$56.11
$57.69
50-Day Range
$43.09
$57.76
52-Week Range
$41.75
$86.26
Volume
200,499 shs
Average Volume
213,941 shs
Market Capitalization
$1.31 billion
P/E Ratio
4.01
Dividend Yield
3.12%
Price Target
$65.67

Patrick Industries MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
14.0% Upside
$65.67 Price Target
Short Interest
Healthy
6.19% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.18
Upright™ Environmental Score
News Sentiment
0.96mentions of Patrick Industries in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$12,460 Bought 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.

2.33 out of 5 stars

Construction Sector

38th out of 107 stocks

Motor Vehicle Parts & Accessories Industry

15th out of 35 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.

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PATK Stock News Headlines

Why is Russia reopening dormant copper mines?
In deepest Siberia, Russian oligarchs are pouring $15 billion into two long-dormant copper mines with close access to the lucrative China market. Copper is essential to the West's plans to transition to green energy and Russia has the third-largest reserves in the world. Is Putin making a move to corner the copper market? New sources of copper – outside Russia – are desperately needed for the West to win its war for energy independence.
China Threat Triggers Potential Mining Boom for Investors
China has almost a 90% lock on critical minerals needed to produce our military, mobile, and green technologies. Mining companies are scrambling to find domestic sources to break China's chokehold on supply chains. Nevada, Idaho and Montana are key to securing a domestic supply.
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 9/12 Dividend
8/26/2022
Dividend Payable
9/12/2022
Ex-Dividend for 12/12 Dividend
11/25/2022
Today
12/05/2022
Dividend Payable
12/12/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/09/2023

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
+14.0%
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
$13.95 per share
Book Value
$32.45 per share

Miscellaneous

Free Float
21,281,000
Market Cap
$1.31 billion
Optionable
Optionable
Beta
1.91

Key Executives

  • Mr. Todd M. Cleveland (Age 54)
    Exec. Chairman
    Comp: $3.17M
  • Mr. Andy L. NemethMr. Andy L. Nemeth (Age 53)
    CEO & Director
    Comp: $3.92M
  • Mr. Jeffrey M. Rodino (Age 52)
    Pres
    Comp: $2.1M
  • Mr. Jacob R. Petkovich (Age 48)
    Principal Accounting Officer, CFO, Exec. VP of Fin. & Treasurer
    Comp: $1.93M
  • Mr. Kip B. Ellis (Age 48)
    Exec. VP of Operations & COO
    Comp: $1.93M
  • Ms. Julie Ann Kotowski
    Director of Investor Relations
  • Attorney Joel D. Duthie (Age 47)
    Exec. VP, Chief Legal Officer & Sec.













PATK Stock - Frequently Asked Questions

Should I buy or sell Patrick Industries stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patrick Industries in the last twelve months. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street 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 brokers have issued twelve-month price objectives for Patrick Industries' stock. Their PATK share price forecasts range from $60.00 to $75.00. On average, they predict the company's stock price to reach $65.67 in the next year. This suggests a possible upside of 14.0% 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 stock has decreased by 28.6% and is now trading at $57.62.
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, February 9th 2023.
View our PATK earnings forecast
.

How were Patrick Industries' earnings last quarter?

Patrick Industries, Inc. (NASDAQ:PATK) released its quarterly earnings data on Thursday, October, 28th. The construction company reported $2.45 EPS for the quarter, topping analysts' consensus estimates 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 trailing twelve-month return on equity of 42.22% and a net margin of 6.87%. Patrick Industries's quarterly revenue was up 51.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.62 earnings per share.

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

Patrick Industries announced a quarterly dividend on Friday, November 11th. Stockholders of record on Monday, November 28th will be paid a dividend of $0.45 per share on Monday, December 12th. This represents a $1.80 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Friday, November 25th. This is a positive change 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 3.12%. 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 before market open on 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (15.85%), Vanguard Group Inc. (8.21%), Dimensional Fund Advisors LP (4.80%), State Street Corp (3.35%), Victory Capital Management Inc. (1.02%) and Epoch Investment Partners Inc. (0.92%). 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 $57.62.

How much money does Patrick Industries make?

Patrick Industries (NASDAQ:PATK) has a market capitalization of $1.31 billion and generates $4.08 billion in revenue each year. The construction company earns $224.91 million in net income (profit) each year or $14.38 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 12/6/2022 by MarketBeat.com Staff