Patrick Industries Stock Today
| PATK Stock | USD 134.42 3.93 2.84% |
Performance3 of 100
| Odds Of DistressLess than 2
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Patrick Industries is selling for 134.42 as of the 28th of November 2024. This is a 2.84 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 134.26. Patrick Industries has a very small chance of experiencing financial distress in the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Patrick Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 13th of January 1978 | Category Consumer Cyclical | Classification Industrials |
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. The company was founded in 1959 and is headquartered in Elkhart, Indiana. The company has 22.4 M outstanding shares of which 1.67 M shares are at this time shorted by private and institutional investors with about 5.92 trading days to cover. More on Patrick Industries
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ESG Sustainability
Environmental | Governance | Social |
| CEO and Director | Todd Cleveland | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Construction Materials (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Building Products, Furnishings, Fixtures & Appliances, Consumer Cyclical, NASDAQ Composite, SP Small-Cap 600, Construction Materials, Industrials, Building Products, Furnishings, Fixtures & Appliances, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Debt LevelsPatrick Industries can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Patrick Industries' financial leverage. It provides some insight into what part of Patrick Industries' total assets is financed by creditors.
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Patrick Industries (PATK) is traded on NASDAQ Exchange in USA. It is located in 107 West Franklin Street, Elkhart, IN, United States, 46515 and employs 10,000 people. Patrick Industries is listed under Building Products category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.01 B. Patrick Industries conducts business under Building Products sector and is part of Industrials industry. The entity has 22.4 M outstanding shares of which 1.67 M shares are at this time shorted by private and institutional investors with about 5.92 trading days to cover.
Patrick Industries currently holds about 53.27 M in cash with 408.67 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.35.
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Ownership AllocationThe majority of Patrick Industries outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Patrick Industries to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Patrick Industries. Please pay attention to any change in the institutional holdings of Patrick Industries as this could imply that something significant has changed or is about to change at the company.
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Patrick Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 353.6 K | |
| T. Rowe Price Associates, Inc. | 2024-06-30 | 334.4 K | |
| Macquarie Group Ltd | 2024-06-30 | 328.4 K | |
| Amvescap Plc. | 2024-06-30 | 315.2 K | |
| Gw&k Investment Management, Llc | 2024-09-30 | 286.3 K | |
| Bank Of New York Mellon Corp | 2024-06-30 | 272.2 K | |
| Ing Investment Management Llc | 2024-06-30 | 260.9 K | |
| Northern Trust Corp | 2024-09-30 | 229.6 K | |
| Tributary Capital Management, Llc | 2024-06-30 | 205.8 K | |
| Blackrock Inc | 2024-06-30 | 3.5 M | |
| Fmr Inc | 2024-09-30 | 3.2 M |
Patrick Industries Historical Income Statement
Patrick Stock Against Markets
Patrick Industries Corporate Management
| Jacob Petkovich | CFO, Officer | Profile | |
| Attorney Duthie | Chief VP | Profile | |
| Charlie Roeder | Executive Officer | Profile | |
| Steve OHara | Vice Relations | Profile | |
| Julie Kotowski | Director Relations | Profile | |
| Hugo Gonzalez | Executive Officer | Profile |
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Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patrick Industries. If investors know Patrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patrick Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Dividend Share 2.2 | Earnings Share 6.76 | Revenue Per Share 168.682 | Quarterly Revenue Growth 0.062 |
The market value of Patrick Industries is measured differently than its book value, which is the value of Patrick that is recorded on the company's balance sheet. Investors also form their own opinion of Patrick Industries' value that differs from its market value or its book value, called intrinsic value, which is Patrick Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patrick Industries' market value can be influenced by many factors that don't directly affect Patrick Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patrick Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patrick Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patrick Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.