Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Patrick Industries Inc Market Cap
Based on ratings from 10 stock analysts, the Patrick Industries Inc stock price is expected to increase by 5.29% in 12 months. This is calculated by using the average 12-month stock price forecast for Patrick Industries Inc. The lowest target is $95 and the highest is $168. Please note analyst price targets are not guaranteed and could be missed completely.
Patrick Industries Inc has a total of 10 Wall St Analyst ratings. There are 8 buy ratings, 1 ratings, and 1 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Patrick Industries Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of PATK.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Michael Albanese Benchmark | Buy | $145 | Reiterates | Nov 4, 2024 |
| Joseph Altobello Raymond James | Outperform | $136 | Maintains | Nov 1, 2024 |
| Tristan Thomas-Martin BMO Capital | Outperform | $155 | Maintains | Nov 1, 2024 |
| Brett Andress Keybanc | Overweight | $150 | Maintains | Oct 23, 2024 |
| Joseph Altobello Raymond James | Outperform | $160 | Initiates | Oct 1, 2024 |
| Michael Swartz Truist Securities | Buy | $165 | Maintains | Sep 20, 2024 |
| Michael Albanese Benchmark | Buy | $145 | Reiterates | Sep 17, 2024 |
| Michael Albanese Benchmark | Buy | $145 | Initiates | Aug 29, 2024 |
| Brandon Rolle DA Davidson | Neutral | $114 | Maintains | Aug 5, 2024 |
| Michael Swartz Truist Securities | Buy | $150 | Maintains | Aug 2, 2024 |
| Brett Andress Keybanc | Overweight | $135 | Maintains | Aug 2, 2024 |
| Craig Kennison Baird | Outperform | $128 | Maintains | Aug 2, 2024 |
| Tristan Thomas-Martin BMO Capital | Outperform | $135 | Maintains | Aug 2, 2024 |
| Scott Stember Roth MKM | Buy | $126 | Reiterates | May 6, 2024 |
| Tristan Thomas-Martin BMO Capital | Outperform | $125 | Maintains | May 3, 2024 |
| Michael Swartz Truist Securities | Buy | $130 | Maintains | Apr 12, 2024 |
| Brett Andress Keybanc | Overweight | $115 | Maintains | Feb 9, 2024 |
| Scott Stember Roth MKM | Buy | $120 | Maintains | Feb 9, 2024 |
| Brett Andress Keybanc | Overweight | $110 | Maintains | Jan 12, 2024 |
| Scott Stember Roth MKM | Buy | $101 | Maintains | Jan 12, 2024 |
When did it IPO
1990
Staff Count
10,000
Country
United States
Sector/Industry
Consumer Cyclical/Furnishings, Fixtures & Appliances
CEO
Mr. Andy L. Nemeth
Market Cap
$2.94B
In 2023, PATK generated $3.47B in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that PATK's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 25 Nov 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Patrick Industries, Inc. (NASDAQ: PATK) will hold its first Investor Day on December 3, 2024, in New York, aimed at engaging with investors.
Why It Matters - Patrick Industries' Investor Day may signal strategic insights and growth plans, influencing stock performance and investor sentiment in the housing and outdoor markets.
Thu, 21 Nov 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - This week, 13 companies, including dividend kings Stepan and Tennant, announced dividend increases averaging 7.4% and a median of 5.4%.
Why It Matters - Dividend increases signal financial strength and commitment to returning capital to shareholders, enhancing the attractiveness of these stocks for income-focused investors.
Mon, 18 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - PATK's capital allocation strategy is focused on long-term sustainable growth and enhancing shareholder value.
Why It Matters - PATK's effective capital allocation indicates potential for sustained growth and increased shareholder returns, making it an attractive option for long-term investment.
Tue, 19 Nov 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Patrick Industries, Inc. announced a three-for-two stock split, effective as a stock dividend, with shareholders receiving one additional share for every two shares held.
Why It Matters - A three-for-two stock split increases share liquidity and may attract more investors, potentially boosting the stock's market value and trading volume.
Fri, 15 Nov 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Patrick Industries, Inc. (NASDAQ: PATK) announced an increase in its quarterly cash dividend to $0.60 per share, up from $0.55, effective November 14, 2024.
Why It Matters - The increase in Patrick Industries' dividend signals strong financial health and commitment to returning capital to shareholders, potentially boosting investor confidence and stock value.
Tue, 05 Nov 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Rockford Fosgate has launched its next generation of T1 Slim Subwoofers, enhancing its product line in high-performance audio systems.
Why It Matters - Rockford Fosgate's launch of new subwoofers could boost revenue and market share, indicating growth potential and innovation, which are key factors for investor confidence.
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