S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Biden and McCarthy reach a final deal to avoid US default and now must sell it to Congress
⚡ 2,467% Return on Israeli Laser Company? (Ad)
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Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
⚡ 2,467% Return on Israeli Laser Company? (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
Turkey's Erdogan wins another term as president, extends rule into 3rd decade
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Biden and McCarthy reach a final deal to avoid US default and now must sell it to Congress
⚡ 2,467% Return on Israeli Laser Company? (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
⚡ 2,467% Return on Israeli Laser Company? (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
Turkey's Erdogan wins another term as president, extends rule into 3rd decade
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Biden and McCarthy reach a final deal to avoid US default and now must sell it to Congress
⚡ 2,467% Return on Israeli Laser Company? (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
⚡ 2,467% Return on Israeli Laser Company? (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
Turkey's Erdogan wins another term as president, extends rule into 3rd decade
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Biden and McCarthy reach a final deal to avoid US default and now must sell it to Congress
⚡ 2,467% Return on Israeli Laser Company? (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
⚡ 2,467% Return on Israeli Laser Company? (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
Turkey's Erdogan wins another term as president, extends rule into 3rd decade

Patrick Industries (PATK) Stock Forecast, Price & News

$70.75
+1.41 (+2.03%)
(As of 05/26/2023 ET)
Compare
Today's Range
$69.31
$71.02
50-Day Range
$64.22
$70.75
52-Week Range
$41.75
$77.96
Volume
115,684 shs
Average Volume
125,154 shs
Market Capitalization
$1.58 billion
P/E Ratio
6.90
Dividend Yield
2.54%
Price Target
$73.17

Patrick Industries MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
3.4% Upside
$73.17 Price Target
Short Interest
Bearish
5.50% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.18
Upright™ Environmental Score
News Sentiment
0.15mentions of Patrick Industries in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$2.26 M Sold Last Quarter
Proj. Earnings Growth
26.02%
From $6.88 to $8.67 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Construction Sector

63rd out of 107 stocks

Motor Vehicle Parts & Accessories Industry

21st out of 35 stocks


PATK stock logo

About Patrick Industries (NASDAQ:PATK) Stock

Patrick Industries, Inc. is a leading manufacturer and distributor of building products and materials for the recreational, marine, and manufactured housing industries. Founded in 1959 and headquartered in Elkhart, Indiana, the company operates 60 facilities across the United States and Canada. Patrick Industries has established a reputation for providing high-quality, innovative products that meet the evolving needs of its customers.

The company's leadership team is led by CEO Andy Nemeth, who has been with Patrick Industries since 2002. Nemeth has over 31 years of experience in the manufacturing and distribution industries and has played a crucial role in the company's growth and success. Other key management team members include Chief Financial Officer Jacob Petkovich, who joined the team in Q4 of 2020. Mr. Petkovich previously served as the Managing Director of Leveraged Finance for Wells Fargo's security division. 

Patrick Industries has seen steady growth in recent years, with revenue increasing from 2016 - 2022. The company has also shown consistent profitability, with operating income growth during that period. The company has managed its debt levels effectively, with total debt decreasing or staying about the same during 2016 - 2022. The company's stock has performed better than most sectors, increasing from around $25 in 2016 to approximately $90 in Q4 2022. In 2020, Patrick Industries acquired Goshen, Indiana-based Inland Plywood Company for $54 million, expanding the company's product offerings in the RV and marine industries.

The recreational vehicle, marine, and manufactured housing industries have experienced substantial growth in recent years, driven by a robust economy and a growing interest in outdoor activities. However, the industry also faces rising material costs and supply chain disruptions. Patrick Industries operates in a highly competitive market, with significant competitors including Thor Industries, Inc., LCI Industries, and Winnebago Industries, Inc. The industry is also subject to regulatory and political issues, such as emissions standards and trade policies.

Patrick Industries has several growth opportunities, including expanding its product offerings, pursuing strategic acquisitions, and entering new markets. The purchase of Inland Plywood Company will provide the company with additional product offerings in the RV and marine industries. The company has also announced the expansion of its operations in Canada, providing other growth opportunities.

Patrick Industries faces several risks and challenges, including changes in consumer preferences and economic conditions, supply chain disruptions, and regulatory changes. The company's dependence on the RV, marine, and manufactured housing industries also makes it vulnerable to market downturns. Additionally, the company may face increased competition from existing competitors or new entrants to the market. However, the company has a proven track record of adapting to changing market conditions and has established itself as a leader in the industry.

Environmental, social, and governance (ESG) issues are becoming increasingly important for companies in all sectors, including Patrick Industries. As a company that manufactures and distributes building products, Patrick Industries is responsible for managing its environmental impact and ensuring its products are sustainable and safe. The company has implemented various sustainability initiatives, such as reducing waste and promoting energy efficiency in its facilities.

Regarding social responsibility, Patrick Industries is committed to providing employees with a safe and healthy work environment. The company has implemented various programs and initiatives to promote employee health and wellness, such as offering wellness programs and resources for mental health support.

Governance is also essential for investors, as it can impact a company's long-term success. Patrick Industries has a robust corporate governance framework, with an independent board of directors and a commitment to transparency and accountability.

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PATK Stock News Headlines

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Patrick Industries (NASDAQ: PATK)
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Patrick Industries, Inc. (PATK)
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PATK Company Calendar

Ex-Dividend for 3/6 Dividend
2/17/2023
Dividend Payable
3/06/2023
Last Earnings
4/27/2023
Today
5/28/2023
Ex-Dividend for 6/26 Dividend
6/09/2023
Dividend Payable
6/26/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
Building Products
Current Symbol
NASDAQ:PATK
CUSIP
70334310
Employees
11,000
Year Founded
1959

Price Target and Rating

Average Stock Price Forecast
$73.17
High Stock Price Forecast
$85.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+3.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$328.20 million
Pretax Margin
7.35%

Debt

Sales & Book Value

Annual Sales
$4.88 billion
Cash Flow
$21.57 per share
Book Value
$43.45 per share

Miscellaneous

Free Float
20,804,000
Market Cap
$1.58 billion
Optionable
Optionable
Beta
1.88

Social Links


Key Executives

  • Andy L. NemethAndy L. Nemeth
    Chief Executive Officer & Director
  • Jeffrey M. Rodino
    President
  • Kip B. Ellis
    Chief Operating Officer & Executive VP-Operations
  • Jacob R. Petkovich
    Treasurer, Chief Financial & Accounting Officer
  • Stacey Amundson
    Chief Human Resources Officer & Executive VP













PATK Stock - Frequently Asked Questions

Should I buy or sell Patrick Industries stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Patrick Industries in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research 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 equities research analysts have issued twelve-month price objectives for Patrick Industries' shares. Their PATK share price forecasts range from $63.00 to $85.00. On average, they predict the company's stock price to reach $73.17 in the next twelve months. This suggests a possible upside of 3.4% 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 2023?

Patrick Industries' stock was trading at $60.60 at the beginning of the year. Since then, PATK stock has increased by 16.7% and is now trading at $70.75.
View the best growth stocks for 2023 here
.

When is Patrick Industries' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our PATK earnings forecast
.

How were Patrick Industries' earnings last quarter?

Patrick Industries, Inc. (NASDAQ:PATK) posted its earnings results on Thursday, April, 27th. The construction company reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.02. The construction company earned $900.10 million during the quarter, compared to the consensus estimate of $834.46 million. Patrick Industries had a trailing twelve-month return on equity of 27.78% and a net margin of 5.53%. Patrick Industries's revenue was down 32.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.54 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, May 26th. Shareholders of record on Monday, June 12th will be given a dividend of $0.45 per share on Monday, June 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Friday, June 9th.
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 2.54%. 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 17.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PATK will have a dividend payout ratio of 20.76% 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 shares split before market open on Monday, December 11th 2017. The 3-2 split was announced on Thursday, November 9th 2017. The newly minted shares were payable to shareholders after the closing bell 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 shareholders include Dimensional Fund Advisors LP (5.81%), State Street Corp (3.64%), Geode Capital Management LLC (1.93%), Pacer Advisors Inc. (1.87%), Charles Schwab Investment Management Inc. (1.57%) and GW&K Investment Management LLC (1.40%). Insiders that own company stock include Andy L Nemeth, Courtney Blosser, Derrick B Mayes, Jeff Rodino, 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 $70.75.

How much money does Patrick Industries make?

Patrick Industries (NASDAQ:PATK) has a market capitalization of $1.58 billion and generates $4.88 billion in revenue each year. The construction company earns $328.20 million in net income (profit) each year or $10.25 on an earnings per share basis.

How many employees does Patrick Industries have?

The company employs 11,000 workers across the globe.

Does Patrick Industries have any subsidiaries?
The following companies are subsidiares of Patrick Industries: Metal Moulding Corp..
Read More
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 5/28/2023 by MarketBeat.com Staff

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