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

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$30.28 -0.66 (-2.13 %)
(As of 12/14/2018 04:00 PM ET)
Previous Close$30.28
Today's Range$30.05 - $31.21
52-Week Range$30.05 - $72.35
Volume490,346 shs
Average Volume251,631 shs
Market Capitalization$772.54 million
P/E Ratio9.52
Dividend YieldN/A
Beta1.19
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; 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
Current SymbolNASDAQ:PATK
Previous Symbol
CUSIP70334310
Phone574-294-7511

Debt

Debt-to-Equity Ratio1.43
Current Ratio2.24
Quick Ratio0.85

Price-To-Earnings

Trailing P/E Ratio9.52
Forward P/E Ratio6.55
P/E Growth0.47

Sales & Book Value

Annual Sales$1.64 billion
Price / Sales0.44
Cash Flow$4.1708 per share
Price / Cash Flow7.26
Book Value$14.69 per share
Price / Book2.06

Profitability

EPS (Most Recent Fiscal Year)$3.18
Net Income$85.71 million
Net Margins5.52%
Return on Equity28.73%
Return on Assets10.64%

Miscellaneous

Employees6,721
Outstanding Shares24,010,000
Market Cap$772.54 million
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?

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 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.

How will Patrick Industries' stock buyback program work?

Patrick Industries announced that its Board of Directors has authorized a stock buyback program on Wednesday, January 31st 2018, which permits the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

How were Patrick Industries' earnings last quarter?

Patrick Industries, Inc. (NASDAQ:PATK) released its earnings results on Thursday, October, 25th. The construction company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.09. The construction company had revenue of $575.14 million for the quarter, compared to analyst estimates of $565.23 million. Patrick Industries had a return on equity of 28.73% and a net margin of 5.52%. 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, February 21st 2019. View Earnings Estimates for Patrick Industries.

What price target have analysts set for PATK?

5 equities research analysts have issued 12-month target prices for Patrick Industries' stock. Their predictions range from $66.00 to $85.00. On average, they anticipate Patrick Industries' stock price to reach $76.80 in the next twelve months. This suggests a possible upside of 153.6% from the stock's current price. View Analyst Price Targets for Patrick Industries.

What is the consensus analysts' recommendation for Patrick Industries?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patrick Industries in the last year. There are currently 1 hold rating and 4 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 articles about PATK stock have been trending somewhat positive recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Patrick Industries earned a news sentiment score of 1.3 on InfoTrie's scale. They also gave news coverage about the construction company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the stock's share price in the near term.

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), American Woodmark (AMWD) and Ply Gem (PGEM).

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)

Who are Patrick Industries' major shareholders?

Patrick Industries' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.66%), Vanguard Group Inc. (5.78%), Vanguard Group Inc (5.78%), Dimensional Fund Advisors LP (4.26%), Neuberger Berman Group LLC (2.63%) and JPMorgan Chase & Co. (2.42%). 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 Brant Point Investment Management LLC, Morgan Stanley, Prudential Financial Inc., State of New Jersey Common Pension Fund D, Wells Fargo & Company MN, Neuberger Berman Group LLC, FMR LLC and Virginia Retirement Systems ET AL. Company insiders that have sold Patrick Industries company stock in the last year include Courtney Blosser, Jeffrey L Et Al Gendell, Joshua A Boone and Walter E Wells. View Insider Buying and Selling for Patrick Industries.

Which institutional investors are buying Patrick Industries stock?

PATK stock was acquired by a variety of institutional investors in the last quarter, including Matarin Capital Management LLC, BlackRock Inc., American Century Companies Inc., Renaissance Technologies LLC, Artemis Investment Management LLP, Deutsche Bank AG, King Luther Capital Management Corp and Putnam Investments LLC. 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 $30.28.

How big of a company is Patrick Industries?

Patrick Industries has a market capitalization of $772.54 million 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.

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:  2.6 out of 5 (star star)
Outperform Votes:  214 (Vote Outperform)
Underperform Votes:  204 (Vote Underperform)
Total Votes:  418
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 12/15/2018 by MarketBeat.com Staff

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