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NASDAQ:PATKPatrick Industries Stock Price, Forecast & News

$64.39
+0.43 (+0.67 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$62.34
Now: $64.39
$64.77
50-Day Range
$55.17
MA: $61.44
$69.71
52-Week Range
$16.70
Now: $64.39
$69.84
Volume128,183 shs
Average Volume219,521 shs
Market Capitalization$1.51 billion
P/E Ratio23.67
Dividend Yield1.55%
Beta2.45
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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Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.73 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.34 billion
Cash Flow$6.71 per share
Book Value$20.99 per share

Profitability

Net Income$89.57 million

Miscellaneous

Employees7,500
Market Cap$1.51 billion
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$64.39
+0.43 (+0.67 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Patrick Industries (NASDAQ:PATK) Frequently Asked Questions

How has Patrick Industries' stock been impacted by COVID-19 (Coronavirus)?

Patrick Industries' stock was trading at $37.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PATK stock has increased by 74.0% and is now trading at $64.39.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Patrick Industries?

6 Wall Street 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, resulting in a consensus recommendation of "Buy."
View analyst ratings for Patrick Industries
.

When is Patrick Industries' next earnings date?

Patrick Industries is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Patrick Industries
.

How were Patrick Industries' earnings last quarter?

Patrick Industries, Inc. (NASDAQ:PATK) announced its earnings results on Thursday, July, 30th. The construction company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.13. The construction company earned $424 million during the quarter, compared to analyst estimates of $412.46 million. Patrick Industries had a net margin of 2.97% and a return on equity of 12.86%. The company's revenue was down 30.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.18 earnings per share.
View Patrick Industries' earnings history
.

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

Patrick Industries declared a quarterly dividend on Tuesday, May 19th. Stockholders of record on Monday, June 1st will be given a dividend of $0.25 per share on Monday, June 15th. This represents a $1.00 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, May 29th.
View Patrick Industries' dividend history
.

When did Patrick Industries' stock split? How did Patrick Industries' stock split work?

Patrick Industries's stock split on Monday, December 11th 2017. The 3-2 split was announced on Thursday, November 9th 2017. The newly created shares were payable 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.

What price target have analysts set for PATK?

6 brokerages have issued 12 month price objectives for Patrick Industries' stock. Their forecasts range from $42.00 to $88.00. On average, they expect Patrick Industries' share price to reach $68.00 in the next year. This suggests a possible upside of 5.6% from the stock's current price.
View analysts' price targets for Patrick Industries
.

Has Patrick Industries been receiving favorable news coverage?

Media stories about PATK stock have trended negative this week, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Patrick Industries earned a coverage optimism score of -2.7 on InfoTrie's scale. They also assigned media headlines about the construction company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days.
View the latest news about Patrick Industries
.

Are investors shorting Patrick Industries?

Patrick Industries saw a drop in short interest in July. As of July 31st, there was short interest totaling 1,100,000 shares, a drop of 6.8% from the July 15th total of 1,180,000 shares. Based on an average daily volume of 244,800 shares, the days-to-cover ratio is presently 4.5 days. Approximately 5.0% of the shares of the stock are short sold.
View Patrick Industries' Short Interest
.

Who are some of Patrick Industries' key competitors?

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 AT&T (T), Applied Materials (AMAT), Verizon Communications (VZ), Intel (INTC), Advanced Micro Devices (AMD), CVS Health (CVS), Walt Disney (DIS), UnitedHealth Group (UNH), Alibaba Group (BABA) and Cisco Systems (CSCO).

Who are Patrick Industries' key executives?

Patrick Industries' management team includes the following 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)

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 number of retail and institutional investors. Top institutional investors include GW&K Investment Management LLC (2.30%), TimesSquare Capital Management LLC (1.28%), Ziegler Capital Management LLC (0.96%), Principal Financial Group Inc. (0.78%), 1ST Source Bank (0.34%) and Essex Investment Management Co. LLC (0.22%). Company insiders that own Patrick Industries stock include Andy L Nemeth, Courtney Blosser, Jeff Rodino, Jeffrey L Et Al Gendell, Joshua A Boone, Kip B Ellis, M Scott Welch, Michael A Kitson, Todd M Cleveland and Walter E Wells.
View institutional ownership trends for Patrick Industries
.

Which major investors are selling Patrick Industries stock?

PATK stock was sold by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Comerica Bank, GW&K Investment Management LLC, PNC Financial Services Group Inc., UBS Group AG, Mesirow Financial Investment Management Inc., Bedel Financial Consulting Inc., and Hancock Whitney Corp. 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, Joshua A Boone, Michael A Kitson, and Todd M Cleveland.
View insider buying and selling activity for Patrick Industries
.

Which major investors are buying Patrick Industries stock?

PATK stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Ziegler Capital Management LLC, Congress Asset Management Co. MA, New York State Common Retirement Fund, Principal Financial Group Inc., Wakefield Asset Management LLLP, Jennison Associates LLC, and Aptus Capital Advisors LLC. Company insiders that have bought Patrick Industries stock in the last two years include Kip B Ellis, M Scott Welch, and Todd M Cleveland.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Patrick Industries' stock price today?

One share of PATK stock can currently be purchased for approximately $64.39.

How big of a company is Patrick Industries?

Patrick Industries has a market capitalization of $1.51 billion and generates $2.34 billion in revenue each year. The construction company earns $89.57 million in net income (profit) each year or $3.85 on an earnings per share basis. Patrick Industries employs 7,500 workers across the globe.

What is Patrick Industries' official website?

The official website for Patrick Industries is 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]

This page was last updated on 8/9/2020 by MarketBeat.com Staff

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