Patrick Industries, Inc. (PATK)
Market Cap | 1.52B |
Revenue (ttm) | 4.88B |
Net Income (ttm) | 328.20M |
Shares Out | 22.42M |
EPS (ttm) | 13.49 |
PE Ratio | 5.02 |
Forward PE | n/a |
Dividend | $1.56 (2.30%) |
Ex-Dividend Date | Feb 17, 2023 |
Volume | 188,713 |
Open | 68.55 |
Previous Close | 67.81 |
Day's Range | 67.49 - 69.94 |
52-Week Range | 41.75 - 77.96 |
Beta | 1.89 |
Analysts | Buy |
Price Target | 77.52 (+14.45%) |
Earnings Date | Apr 27, 2023 |
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]
Financial Performance
In 2022, PATK's revenue was $4.88 billion, an increase of 19.71% compared to the previous year's $4.08 billion. Earnings were $328.20 million, an increase of 45.92%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for PATK stock is "Buy." The 12-month stock price forecast is $77.52, which is an increase of 14.45% from the latest price.
News

Rockford Fosgate® Promotes Zach Luke to Vice President of Sales and Marketing
TEMPE, Ariz. , Feb. 24, 2023 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is pleased to announce the promotion of Zach Luke to Vice President of Sales and M...

Patrick Industries (PATK) Beats Q4 Earnings and Revenue Estimates
Patrick Industries (PATK) delivered earnings and revenue surprises of 6.43% and 2.79%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

PATRICK INDUSTRIES, INC. REPORTS FOURTH QUARTER AND RECORD FULL YEAR 2022 FINANCIAL RESULTS AND ANNOUNCES QUARTERLY CASH DIVIDEND
Fourth Quarter 2022 Highlights (compared to Fourth Quarter 2021 unless otherwise noted) Net sales of $952 million decreased 17%, with increased marine and manufactured housing revenue partially offset...

PATRICK INDUSTRIES, INC. ANNOUNCES FOURTH QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL WEBCAST ON FEBRUARY 9, 2023
ELKHART, Ind. , Jan. 26, 2023 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) (the "Company") today announced it will release its fourth quarter and twelve months 2022 financial results before...

5 Undervalued Predictable Consumer Cyclical Stocks for 2023
Market indexes rose on Thursday morning as the Consumer Price Index report for December fell in line with economists' expectations and indicated inflation may be cooling off.

PATRICK INDUSTRIES, INC. PUBLISHES INAUGURAL RESPONSIBILITY & SUSTAINABILITY REPORT
ELKHART, Ind. , Dec. 29, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) (the "Company"), a leading component solutions provider for the Leisure Lifestyle and Housing markets, today annou...

PATRICK INDUSTRIES, INC. ANNOUNCES INCREASED SHARE REPURCHASE AUTHORIZATION
ELKHART, Ind. , Dec. 14, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) (the "Company") announced that on December 12, 2022, its Board of Directors (the "Board") authorized an increase i...

Rockford Fosgate® Mourns Loss of Founder Jim Fosgate
TEMPE, Ariz. , Dec. 13, 2022 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, mourns the death of founder Jim Fosgate and asks our global community to join in a...

PATRICK INDUSTRIES, INC. COMPLETES ACQUISITION OF TRANSHIELD
ELKHART, Ind. , Nov. 28, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading national component solutions provider for the leisure lifestyle and housin...

Patrick Industries, Inc. Announces Increase to Regular Quarterly Cash Dividend
ELKHART, Ind. , Nov. 11, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that on November 10, 2022, its Board of Directors (the "Board") approved an increase in the amount...

Patrick Industries (PATK) Q3 Earnings Surpass Estimates
Patrick Industries (PATK) delivered earnings and revenue surprises of 20.30% and 0.48%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Patrick Industries, Inc. Reports Third Quarter 2022 Financial Results
Third Quarter 2022 Highlights (compared to Third Quarter 2021 unless otherwise noted) Net sales of $1.11 billion increased 5%, reflecting growth in our marine and housing markets, partially offset by ...

Analysts Estimate Patrick Industries (PATK) to Report a Decline in Earnings: What to Look Out for
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.

Patrick Industries, Inc. Announces Third Quarter 2022 Earnings Release and Conference Call Webcast on October 27, 2022
ELKHART, Ind. , Oct. 13, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that it expects to release its third quarter and nine months 2022 financial results before the mar...

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.

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...

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 so...

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 ...

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 g...

4 Dividend-Paying Construction Stocks for a Stable Portfolio
No matter how volatile the global markets are, these construction companies ensure stable payouts.

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...

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...

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 announc...

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 earning...

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 ...