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

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$42.77 +0.58 (+1.37 %)
(As of 03/26/2019 10:06 AM ET)
Previous Close$42.19
Today's Range$42.6450 - $43.41
52-Week Range$27.32 - $67.50
Volume23,041 shs
Average Volume209,201 shs
Market Capitalization$1.02 billion
P/E Ratio9.20
Dividend YieldN/A
Beta1.92
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.26 billion
Cash Flow$7.5699 per share
Book Value$17.03 per share

Profitability

Net Income$119.83 million

Miscellaneous

Employees8,113
Market Cap$1.02 billion
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable

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?

Shares of Patrick Industries split before market open on Monday, December 11th 2017. The 3-2 split was announced on Thursday, November 9th 2017. The newly created shares were distributed 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 of Directors has authorized a stock repurchase program on Wednesday, January 31st 2018, which allows the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

How were Patrick Industries' earnings last quarter?

Patrick Industries, Inc. (NASDAQ:PATK) posted its earnings results on Thursday, February, 14th. The construction company reported $0.96 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.75 by $0.21. The construction company earned $531 million during the quarter, compared to the consensus estimate of $519 million. Patrick Industries had a net margin of 5.30% and a return on equity of 28.26%. The firm's revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. 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, April 25th 2019. View Earnings Estimates for Patrick Industries.

What price target have analysts set for PATK?

4 analysts have issued twelve-month price targets for Patrick Industries' stock. Their forecasts range from $49.00 to $81.00. On average, they anticipate Patrick Industries' share price to reach $61.6667 in the next twelve months. This suggests a possible upside of 44.2% 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.

Has Patrick Industries been receiving favorable news coverage?

News headlines about PATK stock have trended somewhat negative recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Patrick Industries earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned news stories about the construction company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.

Who are some of Patrick Industries' key competitors?

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

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 Alibaba Group (BABA), Energy Transfer LP Unit (ET), Micron Technology (MU), Home Depot (HD), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Intel (INTC), NVIDIA (NVDA), Weyerhaeuser (WY) and Chevron (CVX).

Who are Patrick Industries' key executives?

Patrick Industries' management team includes the folowing 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)

Who are Patrick Industries' major shareholders?

Patrick Industries' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.72%), Dimensional Fund Advisors LP (4.48%), Dimensional Fund Advisors LP (4.48%), Gendell Jeffrey L (3.60%), State of New Jersey Common Pension Fund D (2.42%) and GW&K Investment Management LLC (1.95%). 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, 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 Gendell Jeffrey L, Bank of America Corp DE, Victory Capital Management Inc., Oberweis Asset Management Inc., BlackRock Inc., Northern Trust Corp, PNC Financial Services Group Inc. and Public Employees Retirement System of Ohio. Company insiders that have sold Patrick Industries company stock in the last year include Courtney Blosser, Jeffrey L Et Al Gendell 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 Norges Bank, LSV Asset Management, QS Investors LLC, American Century Companies Inc., Financial Advocates Investment Management, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP and Rafferty Asset Management LLC. Company insiders that have bought Patrick Industries stock in the last two years include M Scott Welch and Todd M Cleveland. 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 $42.77.

How big of a company is Patrick Industries?

Patrick Industries has a market capitalization of $1.02 billion and generates $2.26 billion in revenue each year. The construction company earns $119.83 million in net income (profit) each year or $4.65 on an earnings per share basis. Patrick Industries employs 8,113 workers across the globe.

What is Patrick Industries' official website?

The official website for Patrick Industries is http://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]


MarketBeat Community Rating for Patrick Industries (NASDAQ PATK)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  226 (Vote Outperform)
Underperform Votes:  218 (Vote Underperform)
Total Votes:  444
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 3/26/2019 by MarketBeat.com Staff

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