Patrick Industries, Inc. (PATK)

NASDAQ: PATK · IEX Real-Time Price · USD
46.52
+3.00 (6.89%)
Oct 4, 2022 4:00 PM EDT - Market closed
6.89%
Market Cap 1.07B
Revenue (ttm) 5.03B
Net Income (ttm) 347.61M
Shares Out 23.03M
EPS (ttm) 13.75
PE Ratio 3.38
Forward PE n/a
Dividend $1.32 (2.84%)
Ex-Dividend Date Aug 26, 2022
Volume 130,365
Open 44.24
Previous Close 43.52
Day's Range 44.19 - 46.54
52-Week Range 42.31 - 87.78
Beta 1.94
Analysts Buy
Price Target 78.98 (+69.8%)
Earnings Date Oct 26, 2022

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, China, 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, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum pro... [Read more...]

Industry Building Products
Founded 1959
CEO Andrew Nemeth
Employees 12,000
Stock Exchange NASDAQ
Ticker Symbol PATK
Full Company Profile

Financial Performance

In 2021, PATK's revenue was $4.08 billion, an increase of 64.00% compared to the previous year's $2.49 billion. Earnings were $224.92 million, an increase of 131.73%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for PATK stock is "Buy." The 12-month stock price forecast is 78.98, which is an increase of 69.78% from the latest price.

Price Target
$78.98
(69.78% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Is Patrick Industries (PATK) a Suitable Value Investor Stock?

Let's see if Patrick Industries (PATK) stock is a good choice for value-oriented investors right now from multiple angles.

6 days ago - Zacks Investment Research

Are Investors Undervaluing Patrick Industries (PATK) 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...

1 week ago - Zacks Investment Research

5 Low Price-to-Book Stocks Suitable for Value Investors

The P/B ratio helps to identify low-priced stocks that have high growth prospects. BorgWarner (BWA), Phillips 66 (PSX), The GEO Group (GEO), Patrick Industries (PATK) and Ford Motor Company (F) are some...

Other symbols: BWAFGEOPSX
2 weeks ago - Zacks Investment Research

4 Low Price-to-Cash Flow Stocks to Weather Market Volatility

Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. Unum Group (UNM), Harley-Davidson (HOG), EPR Properties (EPR) and Patrick Industries (PATK) boast a ...

Other symbols: EPRHOGUNM
2 weeks ago - Zacks Investment Research

Are the Glory Days for the RV Industry Coming to an End?

RV shipments for 2022 are envisioned in the band of 487,300-510,300 units, down from the prior guidance of 537,800-561,900 units and implying around 17% year-over-year decline at the midpoint of the gui...

Other symbols: CVCO
3 weeks ago - Zacks Investment Research

4 Dividend-Paying Construction Stocks for a Stable Portfolio

No matter how volatile the global markets are, these construction companies ensure stable payouts.

Other symbols: MASPCHTHO
3 weeks ago - Zacks Investment Research

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...

4 weeks ago - Zacks Investment Research

Pick These 4 Low P/CF Stocks to Garner Superior Returns

Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. Unum (UNM), ArcBest (ARCB), Vishay Intertechnology (VSH) and Patrick Industries (PATK) boast low P/C...

Other symbols: ARCBUNMVSH
1 month ago - Zacks Investment Research

Harley-Davidson® Debuts Icons Collection Low Rider® ST Equipped with Rockford Fosgate® All-In-One Audio Solution

Icons Collection Motorcycle Showcased During Hometown Rally™ TEMPE, Ariz. , Sept. 1, 2022 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is excited to announce ...

1 month ago - PRNewsWire

Tap 5 Bargain Stocks With Incredibly Low EV/EBITDA Ratios

We have screened bargain stocks CVLG, TA, SPTN, GEF and PATK based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.

Other symbols: CVLGGEFSPTNTA
1 month ago - Zacks Investment Research

How Much Upside is Left in Patrick Industries (PATK)? Wall Street Analysts Think 28%

The consensus price target hints at a 28.1% upside potential for Patrick Industries (PATK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings ...

1 month ago - Zacks Investment Research

These 4 Low Price-to-Cash Flow Stocks Have Winning Potential

Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. Unum (UNM), ArcBest (ARCB), Vishay Intertechnology (VSH) and Patrick Industries, (PATK) boast low P/...

Other symbols: ARCBUNMVSH
1 month ago - Zacks Investment Research

Is Patrick Industries (PATK) a Great Value Stock 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...

1 month ago - Zacks Investment Research

Patrick Industries, Inc. Announces Expansion of Credit Facility

ELKHART, Ind. , Aug. 15, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that on August 11, 2022, the Company amended its credit agreement to ex...

1 month ago - PRNewsWire

Patrick Industries, Inc. Declares Quarterly Cash Dividend

ELKHART, Ind. , Aug. 12, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that on August 10, 2022, its Board of Directors declared a quarterly cash dividend on its common sto...

1 month ago - PRNewsWire

11 Consumer Stocks for Inflationary Times

U.S. inflation hit a four-decade peak in June, with prices rising roughly 9.1% according to the U.S. Bureau of Labor Statistics. That has understandably rattled investors who are worried about cutbacks ...

1 month ago - Kiplinger

Should Value Investors Buy Patrick Industries (PATK) Stock?

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 months ago - Zacks Investment Research

Rockford Fosgate® To Be On-site as the "Official Motorcycle Audio Sponsor" of the 82nd annual Sturgis® Motorcycle Rally™

TEMPE, Ariz. , Aug. 2, 2022 /PRNewswire/ -- Rockford Fosgate (www.rockfordfosgate.com), the industry leader in high-performance audio, has partnered with the City of Sturgis for the ninth consecutive ye...

2 months ago - PRNewsWire

Wall Street Analysts Believe Patrick Industries (PATK) Could Rally 26%: Here's is How to Trade

The consensus price target hints at a 26.2% upside potential for Patrick Industries (PATK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings ...

2 months ago - Zacks Investment Research

Rockford Fosgate® Releases New 800-watt Audio Kits for Harley-Davidson® Motorcycles

TEMPE, Ariz., July 29, 2022 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio, confirms the launch of new audio kits for Harley-Davidson® motorcycles.

2 months ago - PRNewsWire

Patrick Industries (PATK) Beats Q2 Earnings and Revenue Estimates

Patrick Industries (PATK) delivered earnings and revenue surprises of 55.26% and 19.56%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Patrick Industries, Inc. Reports Second Quarter 2022 Financial Results

Second Quarter 2022 Highlights (compared to Second Quarter 2021 unless otherwise noted) Net sales of $1.5 billion increased 45%, reflecting contributions from all end markets and from 2021 and 2022 acqu...

2 months ago - PRNewsWire

Rockford Fosgate® Rolls Out 1500-watt Audio Kits Purpose Built for 2019+ Polaris RZR Pro XP®

TEMPE, Ariz. , July 18, 2022 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio, unveils new aftermarket audio solutions purpose built for 2019+ RZR Pro XP® 2 and 4-seat veh...

2 months ago - PRNewsWire

Patrick Industries, Inc. Announces Second Quarter 2022 Earnings Release and Conference Call Webcast on July 28, 2022

ELKHART, Ind., July 14, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that it expects to release its second quarter and six months 2022 financial results before the market...

2 months ago - PRNewsWire

Rockford Fosgate® Livens Up the Water with Launch of 10-inch Full Range Horn Loaded Marine Speakers

TEMPE, Ariz. , July 5, 2022 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio, launches the next level of on-water sound.

2 months ago - PRNewsWire