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

$52.83
-2.00 (-3.65 %)
(As of 02/28/2020 04:00 PM ET)
Today's Range
$51.05
Now: $52.83
$55.48
50-Day Range
$51.82
MA: $56.00
$63.01
52-Week Range
$32.98
Now: $52.83
$64.38
Volume253,645 shs
Average Volume169,071 shs
Market Capitalization$1.26 billion
P/E Ratio13.69
Dividend Yield1.82%
Beta2.16
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. Read More…

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$2.34 billion
Cash Flow$6.09 per share
Book Value$20.93 per share

Profitability

Net Income$89.57 million

Miscellaneous

Employees8,113
Market Cap$1.26 billion
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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Patrick Industries (NASDAQ:PATK) Frequently Asked Questions

What is Patrick Industries' stock symbol?

Patrick Industries trades on the NASDAQ under the ticker symbol "PATK."

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

Patrick Industries announced a quarterly dividend on Tuesday, February 25th. Shareholders of record on Monday, March 9th will be given a dividend of $0.25 per share on Monday, March 23rd. This represents a $1.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Patrick Industries's previous quarterly dividend of $0.06. View Patrick Industries' Dividend History.

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 created shares were payable 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 were Patrick Industries' earnings last quarter?

Patrick Industries, Inc. (NASDAQ:PATK) announced its quarterly earnings results on Thursday, February, 13th. The construction company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.12. The construction company had revenue of $549.50 million for the quarter, compared to analyst estimates of $535.56 million. Patrick Industries had a net margin of 3.83% and a return on equity of 19.21%. The company's quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.96 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 23rd 2020. View Earnings Estimates for Patrick Industries.

What price target have analysts set for PATK?

3 Wall Street analysts have issued twelve-month price targets for Patrick Industries' shares. Their forecasts range from $36.00 to $75.00. On average, they anticipate Patrick Industries' stock price to reach $55.00 in the next year. This suggests a possible upside of 4.1% from the stock's current price. View Analyst Price Targets for Patrick Industries.

What is the consensus analysts' recommendation for Patrick Industries?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Patrick Industries in the last year. There are currently 1 sell rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Patrick Industries.

Has Patrick Industries been receiving favorable news coverage?

News headlines about PATK stock have trended very negative this week, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Patrick Industries earned a news sentiment score of -4.0 on InfoTrie's scale. They also gave headlines about the construction company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the next several days. View News Stories for Patrick Industries.

Are investors shorting Patrick Industries?

Patrick Industries saw a decrease in short interest in February. As of February 14th, there was short interest totalling 1,480,000 shares, a decrease of 5.1% from the January 30th total of 1,560,000 shares. Based on an average trading volume of 150,000 shares, the days-to-cover ratio is currently 9.9 days. Currently, 6.7% of the shares of the company are sold short. View Patrick Industries' Current Options Chain.

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), Home Depot (HD), Advanced Micro Devices (AMD), NVIDIA (NVDA), CVS Health (CVS), Walt Disney (DIS) and UnitedHealth Group (UNH).

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 a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (2.73%), Goldman Sachs Group Inc. (2.67%), GW&K Investment Management LLC (2.40%), Royce & Associates LP (1.49%), Geode Capital Management LLC (1.31%) and Stifel Financial Corp (0.95%). Company insiders that own Patrick Industries stock include Andy L Nemeth, Courtney Blosser, Jeff Rodino, Jeffrey L Et Al Gendell, Joshua A Boone, 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 PNC Financial Services Group Inc., South Dakota Investment Council, Prudential Financial Inc., Barclays PLC, 1ST Source Bank, Stifel Financial Corp, Pinebridge Investments L.P. and Aurora Investment Counsel. 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, Michael A Kitson, Todd M Cleveland and Walter E Wells. View Insider Buying and Selling for Patrick Industries.

Which major investors are buying Patrick Industries stock?

PATK stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Driehaus Capital Management LLC, Baird Financial Group Inc., Royce & Associates LP, Monarch Partners Asset Management LLC, GW&K Investment Management LLC, California Public Employees Retirement System and Manatuck Hill Partners 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, Robinhood, Fidelity and Charles Schwab.

What is Patrick Industries' stock price today?

One share of PATK stock can currently be purchased for approximately $52.83.

How big of a company is Patrick Industries?

Patrick Industries has a market capitalization of $1.26 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 8,113 workers across the globe.View Additional Information About Patrick Industries.

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:  2.4 out of 5 (star star)
Outperform Votes:  259 (Vote Outperform)
Underperform Votes:  271 (Vote Underperform)
Total Votes:  530
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 2/29/2020 by MarketBeat.com Staff

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