Patrick Industries, Inc. (PATK)

NASDAQ: PATK · IEX Real-Time Price · USD
77.02 -0.55 (-0.71%)
Jan 14, 2022 4:00 PM EST - Market closed
Market Cap1.82B
Revenue (ttm)3.70B
Net Income (ttm)201.72M
Shares Out23.66M
EPS (ttm)8.65
PE Ratio8.91
Forward PEn/a
Dividend$1.17 (1.52%)
Ex-Dividend DateNov 26, 2021
Volume256,523
Open76.73
Previous Close77.57
Day's Range75.88 - 77.50
52-Week Range66.74 - 98.83
Beta2.18
AnalystsStrong Buy
Price Target110.25 (+43.1%)
Earnings DateOct 28, 2021

About PATK

Patrick Industries, Inc. manufactures and distributes components, 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, wall, countertop, and cabinet product; cabinet door, fiberglass bath fixture, and tile system; hardwood furniture, vinyl printing, solid surface, granite, and quartz countertop fabrication aluminum product; RV painting; decorative vinyl and paper laminated panel; f...

IndustryBuilding Products
Founded1959
CEOAndrew Nemeth
Employees11,000
Stock ExchangeNASDAQ
Ticker SymbolPATK
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for PATK stock is "Strong Buy." The 12-month stock price forecast is 110.25, which is an increase of 43.14% from the latest price.

Price Target
$110.25
(43.14% upside)
Analyst Consensus: Strong Buy

News

Patrick Industries: Cashing In on Leisure and Housing Tailwinds

Fewer value stocks have been available since the Covid-19 pandemic recovery took hold. Still, 161 of them currently have valuations low enough to make it through the Undervalued Predictable screener at ...

1 week ago - GuruFocus

Is Patrick Industries (PATK) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

2 weeks ago - Zacks Investment Research

RVs Had a Great 2021; More Room to Grow?

RVing seems to be quite the trend today and investors can make the most of it.

Other symbols:CVCOSKYTHOWGO
1 month ago - Zacks Investment Research

Patrick Industries, Inc. Announces Pricing of Offering of $225,000,000 Convertible Senior Notes Due 2028

ELKHART, Ind., Dec. 7, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today the pricing of its private offering of $225,000,000 aggregate principal a...

1 month ago - PRNewsWire

Patrick Industries, Inc. Announces Proposed Offering of $225,000,000 Convertible Senior Notes Due 2028

ELKHART, Ind., Dec. 7, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced its intention to offer, subject to market conditions and other factors, $...

1 month ago - PRNewsWire

Does Patrick Industries (PATK) Have the Potential to Rally 30% as Wall Street Analysts Expect?

The consensus price target hints at a 30% upside potential for Patrick Industries (PATK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings es...

1 month ago - Zacks Investment Research

Patrick Industries, Inc. Completes Acquisitions of Williamsburg Marine LLC and Williamsburg Furniture, Inc.

ELKHART, Ind., Nov. 22, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisitions of Indiana-based Williamsburg Mar...

1 month ago - PRNewsWire

How Much Upside is Left in Patrick Industries (PATK)? Wall Street Analysts Think 26%

The average of price targets set by Wall Street analysts indicates a potential upside of 26.2% in Patrick Industries (PATK). While the effectiveness of this highly sought-after metric is questionable, t...

2 months ago - Zacks Investment Research

Patrick (PATK) Cheers Investors With 18% Dividend Increase

Patrick Industries (PATK) raises dividend to boost shareholder value.

2 months ago - Zacks Investment Research

Patrick Industries Hikes Dividend By 17%

Patrick Industries Inc (NASDAQ: PATK) has announced a 17% increase in its quarterly cash dividend to $0.33 from $0.28 per share. The dividend is payable on December 13, 2021, to shareholders of record a...

2 months ago - Benzinga

Patrick Industries, Inc. Announces Increase to Regular Quarterly Cash Dividend

ELKHART, Ind., Nov. 12, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) (the "Company") today announced that on November 11, 2021, its Board of Directors (the "Board") approved an increase ...

2 months ago - PRNewsWire

Patrick Industries, Inc. Completes Acquisition of Wet Sounds, Inc.

ELKHART, Ind., Nov. 1, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Rosenburg, Texas-based Wet Sound...

2 months ago - PRNewsWire

Patrick Industries (PATK) Beats Q3 Earnings and Revenue Estimates

Patrick Industries (PATK) delivered earnings and revenue surprises of 18.93% and 10.64%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Patrick Industries, Inc. Reports Third Quarter 2021 Financial Results

ELKHART, Ind., Oct. 28, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK), a leading component solutions provider for the RV, marine, manufactured housing ("MH") and industrial markets today ...

2 months ago - PRNewsWire

Patrick Industries (PATK) Earnings Expected to Grow: Should You Buy?

Patrick Industries (PATK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Patrick Industries: A Growth Play at a Discount Valuation

Patrick Industries Inc. ( PATK , Financial) looks appealing as a value investment. The company manufactures and distributes building products and materials, primarily for the recreational vehicle and ma...

3 months ago - GuruFocus

Patrick Industries, Inc. Announces Third Quarter 2021 Earnings Release and Conference Call Webcast on October 28, 2021

ELKHART, Ind., Oct. 14, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that it expects to release its third quarter and nine months 2021 financial results before the market...

3 months ago - PRNewsWire

Is Patrick Industries (PATK) Stock Outpacing Its Construction Peers This Year?

Is (PATK) Outperforming Other Construction Stocks This Year?

3 months ago - Zacks Investment Research

Patrick Industries (PATK) Outpaces Stock Market Gains: What You Should Know

Patrick Industries (PATK) closed the most recent trading day at $80.47, moving +1.71% from the previous trading session.

4 months ago - Zacks Investment Research

RVs Form the Latest Travel Trend: 5 Stock Picks

RV sales continue to rise with extended outdoor travel. This calls for investing in Cavco Industries (CVCO), Patrick Industries (PATK), Skyline Champion (SKY), LCI Industries (LCII) & Winnebago (WGO).

Other symbols:CVCOLCIISKYWGO
4 months ago - Zacks Investment Research

Patrick (PATK) Acquires Tumacs, Boosts Marine Products

Patrick Industries (PATK) acquires Tumacs Covers, thereby enhancing its marine line of products.

4 months ago - Zacks Investment Research

Patrick Industries, Inc. Completes Acquisition of Tumacs Covers

ELKHART, Ind., Aug. 30, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Tumacs Covers ("Tumacs"), a lea...

4 months ago - PRNewsWire

Patrick Industries (PATK) Just Overtook the 20-Day Moving Average

Good things could be on the horizon when a stock surpasses the 20-day simple moving average. How should investors react?

4 months ago - Zacks Investment Research

4 Stocks to Make the Most of a Sustained Demand for RVs

Invest in stocks like Skyline Champion (SKY), Patrick Industries (PATK), Cavco Industries (CVCO) and Winnebago Industries (WGO) as demand for RVs in the United States continues to rise.

Other symbols:CVCOSKYWGO
4 months ago - Zacks Investment Research

Is Patrick Industries (PATK) Outperforming Other Construction Stocks This Year?

Is (PATK) Outperforming Other Construction Stocks This Year?

4 months ago - Zacks Investment Research