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Patrick Industries (NASDAQ:PATK) 株価情報, 空売り情報

Patrick Industries

Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured housing industries. One of the firm's RV customers makes up a portion of revenue.

Patrick Industries Inc

News

Stock Split

PATK

Patrick Industries, Inc. Announces 3-For-2 Common Stock Split In The Form Of A Stock Dividend, Effective For Shareholders Of Record On Nov. 29, Payable On Dec. 13

<p>Patrick Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) ("Patrick" or the "Company") today announced that on November 14, 2024, its Board of Directors (the "Board") approved an increase in the amount of its quarterly cash dividend on its common stock to $0.60 per share from $0.55 per share. The dividend is payable on December 9, 2024 to shareholders of record at the close of business on November 25, 2024. Additionally, the Board authorized an increase in the amount of the Company's common stock that may be acquired over the next 24 months under the current stock repurchase program to $200.0 million, including the $72.9 million remaining under the previous authorization.</p>


Dividends

Buybacks

Patrick Industries, Inc. Announces Increase To Regular Quarterly Cash Dividend From $0.55 To $0.60 Per Share, And Increased Share Repurchase Authorization To $200M, Including The $72.9M Remaining Under The Previous Authorization

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Shares of companies within the broader consumer discretionary sector are trading higher. Investors may be reacting to the US presidential election and its impact on consumer spending.

<p>Benchmark  analyst Michael Albanese   reiterates Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) with a Buy and maintains $145 price target.</p>


Price Target

Reiteration

Analyst Ratings

Benchmark Reiterates Buy on Patrick Industries, Maintains $145 Price Target

Patrick Industries shares are trading lower after the company reported worse-than-expected Q3 financial results. Also, Raymond James lowered its price target on the stock from $160 to $138.

<p>Raymond James  analyst Joseph Altobello   maintains Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) with a Outperform and lowers the price target from $160 to $136.</p>


Raymond James Maintains Outperform on Patrick Industries, Lowers Price Target to $136

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.</p>
<ul>
<li>Rosenblatt raised <strong>Apple Inc.</strong>  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) price target from $261 to $262. Rosenblatt analyst Barton Crockett maintained a Buy rating. Apple shares closed at $225.91 on Thursday. <a href="https://www.benzinga.com/quote/PATK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital raised the price target for <strong>Patrick Industries, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) from $150 to $155. BMO Capital analyst Tristan Thomas-Martin maintained an Outperform rating. Patrick Industries shares closed at $125.98 on Thursday. <a href="https://www.benzinga.com/quote/PATK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Macquarie boosted the price target for <strong>Norwegian Cruise Line Holdings Ltd</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) from $24 to $30. Macquarie analyst Paul Golding maintained an Outperform rating. Norwegian Cruise Line shares closed at $25.34 on Thursday. <a href="https://www.benzinga.com/quote/NCLH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barrington Research increased <strong>LeMaitre Vascular, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMAT#NASDAQ">LMAT</a>) price target from $92 to $93. Barrington Research analyst Michael Petusky maintained an Outperform rating. LeMaitre Vascular shares settled at $88.39 on Thursday. <a href="https://www.benzinga.com/quote/LMAT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna raised <strong>Mastercard Incorporated</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) price target from $540 to $605. Susquehanna analyst James Friedman maintained a Positive rating. Mastercard shares closed at $499.59 on Thursday. <a href="https://www.benzinga.com/quote/MA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Tigress Financial raised <strong>Travel + Leisure Co.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNL#NYSE">TNL</a>) price target from $58 to $64. Tigress Financial analyst Ivan Feinseth maintained a Buy rating. Travel + Leisure shares closed at $47.81 on Thursday. <a href="https://www.benzinga.com/quote/TNL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital increased the price target for <strong>Bausch Health Companies Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHC#NYSE">BHC</a>) from $10 to $11. RBC Capital analyst Douglas Miehm maintained a Sector Perform rating. Bausch Health shares settled at $9.20 on Thursday. <a href="https://www.benzinga.com/quote/BHC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Macquarie cut <strong>Hyatt Hotels Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) price target from $165 to $164. Macquarie analyst Chad Beynon maintained an Outperform rating. Hyatt shares closed at $145.45 on Thursday. <a href="https://www.benzinga.com/quote/MSHFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark increased the price target for <strong>The Marcus Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) from $20 to $22. Benchmark analyst Mike Hickey maintained a Buy rating. Marcus shares closed at $18.87 on Thursday. <a href="https://www.benzinga.com/quote/MCS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group boosted <strong>Amazon.com, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) price target from $240 to $260. Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating. Amazon shares closed at $186.40 on Thursday. <a href="https://www.benzinga.com/quote/AMZN/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
<p>Considering buying AAPL stock? Here&#8217;s what analysts think: </p>
<p><figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="547" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01120927/image-5-1024x547.png" alt="" class="wp-image-625906" style="width:659px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01120927/image-5-1024x547.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01120927/image-5-300x160.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01120927/image-5-768x411.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01120927/image-5.png 1212w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
<p><strong>Read More: </strong></p>
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<li><strong><a href="https://www.benzinga.com/news/24/11/41685620/top-3-energy-stocks-that-are-preparing-to-pump-in-november">Top 3 Energy Stocks That Are Preparing To Pump In November</a></strong></li>
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Markets

Trading Ideas

AAPL

AMZN

LMAT

Apple To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Friday

<p>BMO Capital  analyst Tristan Thomas-Martin   maintains Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) with a Outperform and raises the price target from $150 to $155.</p>


BMO Capital Maintains Outperform on Patrick Industries, Raises Price Target to $155

Guidance

Patrick Industries Says Optimistic That Positive Demand Inflection Will Occur In 2025

<p>Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) reported quarterly earnings of $1.80 per share which missed the analyst consensus estimate of $1.84 by 2.17 percent. This is a 0.55 percent decrease over earnings of $1.81 per share from the same period last year.  The company reported quarterly sales of $919.44 million which missed the analyst consensus estimate of $937.66 million by 1.94 percent.  This is a 6.16 percent increase over sales of $866.07 million the same period last year.</p>


Earnings

Earnings Misses

Patrick Industries Q3 2024 Adj EPS $1.80 Misses $1.84 Estimate, Sales $919.44M Miss $937.66M Estimate

<p><strong>Patrick Industries</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) is set to give its latest quarterly earnings report on Thursday, 2024-10-31. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Patrick Industries will report an <strong>earnings per share</strong> (EPS) of $1.87. </p>
<p>The announcement from Patrick Industries is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.</p>
<p>It's worth noting for new investors that guidance can be a key determinant of stock price movements.</p>
<h3>Earnings History Snapshot</h3>
<p>In the previous earnings release, the company beat EPS by $0.11, leading to a 3.14% drop in the share price the following trading session.</p>
<p>Here's a look at Patrick Industries's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>2.05</td>
<td>1.32</td>
<td>1.35</td>
<td>1.75</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>2.16</td>
<td>1.79</td>
<td>1.49</td>
<td>1.81</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-3.0%</td>
<td>1.0%</td>
<td>4.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1730314939_0.png" alt="eps graph" /></p>
<h3>Analyst Insights on Patrick Industries</h3>
<p>For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Patrick Industries.</p>
<p>Analysts have provided Patrick Industries with 10 ratings, resulting in a consensus rating of Outperform. The average one-year price target stands at $142.7, suggesting a potential 4.58% upside.</p>
<h3>Analyzing Ratings Among Peers</h3>
<p>This comparison focuses on the analyst ratings and average 1-year price targets of LCI Indus, Visteon and Phinia, three major players in the industry, shedding light on their relative performance expectations and market positioning.</p>
<ul>
<li>The consensus among analysts is an Buy trajectory for LCI Indus, with an average 1-year price target of $119.0, indicating a potential 12.79% downside.</li>
<li>The consensus among analysts is an Outperform trajectory for Visteon, with an average 1-year price target of $122.25, indicating a potential 10.41% downside.</li>
<li>Phinia received a Buy consensus from analysts, with an average 1-year price target of $52.5, implying a potential 61.52% downside.</li>
</ul>
<h3>Peers Comparative Analysis Summary</h3>
<p>The peer analysis summary offers a detailed examination of key metrics for LCI Indus, Visteon and Phinia, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.</p>
<p>
<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Patrick Industries</td>
<td>Outperform</td>
<td>10.42%</td>
<td>$231.29M</td>
<td>4.44%</td>
</tr>
<tr>
<td>LCI Indus</td>
<td>Buy</td>
<td>3.93%</td>
<td>$266.44M</td>
<td>4.45%</td>
</tr>
<tr>
<td>Visteon</td>
<td>Outperform</td>
<td>-3.35%</td>
<td>$131M</td>
<td>3.39%</td>
</tr>
<tr>
<td>Phinia</td>
<td>Buy</td>
<td>-2.14%</td>
<td>$188M</td>
<td>0.78%</td>
</tr>
</tbody>
</table>
</p>
<p>Key Takeaway:</p>
<p>Patrick Industries is positioned in the middle for Consensus rating. It ranks at the top for Revenue Growth, indicating strong performance in this area. In terms of Gross Profit, it is also at the top among its peers. However, for Return on Equity, Patrick Industries is at the bottom compared to the other companies.</p>
<h3>Get to Know Patrick Industries Better</h3>
<p>Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured housing industries. One of the firm's RV customers makes up a portion of revenue.</p>
<h3>Understanding the Numbers: Patrick Industries's Finances</h3>
<p><strong>Market Capitalization Perspectives:</strong> The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.</p>
<p><strong>Revenue Growth:</strong> Patrick Industries's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately <strong>10.42%</strong>. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.</p>
<p><strong>Net Margin:</strong> The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of <strong>4.71%,</strong> the company may need to address challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of <strong>4.44%,</strong> the company showcases effective utilization of equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Patrick Industries's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of <strong>1.59%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Debt Management:</strong> Patrick Industries's debt-to-equity ratio stands notably higher than the industry average, reaching <strong>1.38</strong>. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.</p>
<p><a href="https://www.benzinga.com/quote/PATK/earnings"><strong>To track all earnings releases for Patrick Industries visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Insights into Patrick Industries's Upcoming Earnings

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.</p>
<ul>
<li>Craig-Hallum raised <strong>Vicor Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) price target from $35 to $43. Craig-Hallum analyst Richard Shannon maintained a Hold rating. Vicor shares closed at $43.44 on Tuesday. <a href="https://www.benzinga.com/quote/VICR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays cut the price target for <strong>Regeneron Pharmaceuticals, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) from $1,220 to $1,080. Barclays analyst Carter Gould maintained an Overweight rating. Regeneron Pharmaceuticals shares closed at $962.34 on Tuesday. <a href="https://www.benzinga.com/quote/REGN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Susquehanna raised the price target for <strong>Norfolk Southern Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) from $280 to $285. Susquehanna analyst Bascome Majors maintained a Neutral rating. Norfolk Southern shares closed at $260.43 on Tuesday. <a href="https://www.benzinga.com/quote/BSC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities raised <strong>Zions Bancorporation, National Association</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) price target from $52 to $57. Truist Securities analyst Jennifer Demba maintained a Hold rating. Zions Bancorporation shares settled at $52.51 on Tuesday. <a href="https://www.benzinga.com/quote/ZION/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc boosted <strong>Patrick Industries, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) price target from $135 to $150. Keybanc analyst Brett Andress maintained an Overweight rating. Patrick Industries shares closed at $136.71 on Tuesday. <a href="https://www.benzinga.com/quote/PATK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler raised <strong>Wintrust Financial Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) price target from $131 to $136. Piper Sandler analyst Nathan Race maintained an Overweight rating. Wintrust Financial shares closed at $114.76 on Tuesday. <a href="https://www.benzinga.com/quote/WTFC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer raised the price target for <strong>Moody&#8217;s Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>) from $536 to $543. Oppenheimer analyst Owen Lau maintained an Outperform rating. Moody&#8217;s shares settled at $467.73 on Tuesday. <a href="https://www.benzinga.com/quote/MCO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut <strong>PACCAR Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) price target from $135 to $126. Morgan Stanley analyst Angel Castillo maintained an Overweight rating. PACCAR shares closed at $104.79 on Tuesday. <a href="https://www.benzinga.com/quote/PCAR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird cut the price target for <strong>McDonald&#8217;s Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) from $320 to $290. Baird analyst David Tarantino downgraded the stock from Outperform to Neutral. McDonald&#8217;s shares closed at $314.69 on Tuesday. <a href="https://www.benzinga.com/quote/MCD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Rosenblatt boosted <strong>Seagate Technology Holdings plc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) price target from $125 to $140. Rosenblatt analyst Kevin Cassidy maintained a Buy rating. Seagate shares closed at $112.64 on Tuesday. <a href="https://www.benzinga.com/quote/STX/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
<p><strong>Read More: </strong></p>
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<li><strong><a href="https://www.benzinga.com/news/earnings/24/10/41479244/dow-edges-lower-as-investors-watch-earnings-reports-with-caution-fear-index-remains-in-greed-zone">Dow Edges Lower As Investors Watch Earnings Reports With Caution: Fear Index Remains In &#8216;Greed&#8217; Zone</a></strong></li>
</ul>


PCAR

REGN

VICR

WTFC

ZION

Seagate To Rally More Than 24%? Here Are 10 Top Analyst Forecasts For Wednesday

<p>During the last three months, 10 analysts shared their evaluations of Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>), revealing diverse outlooks from bullish to bearish.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $142.7, along with a high estimate of $165.00 and a low estimate of $114.00. This current average reflects an increase of 9.98% from the previous average price target of $129.75. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729688448_0_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive Patrick Industries. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brett Andress</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$150.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Joseph Altobello</td>
<td>Raymond James</td>
<td>Announces</td>
<td>Outperform</td>
<td>$160.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$165.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Michael Albanese</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$145.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Michael Albanese</td>
<td>Benchmark</td>
<td>Announces</td>
<td>Buy</td>
<td>$145.00</td>
<td>-</td>
</tr>
<tr>
<td>Brandon Rolle</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$114.00</td>
<td>$108.00</td>
</tr>
<tr>
<td>Tristan Thomas-Martin</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$135.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Brett Andress</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$135.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Craig Kennison</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$128.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$130.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Patrick Industries. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Patrick Industries compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Patrick Industries's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Patrick Industries's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/PATK/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Patrick Industries analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind Patrick Industries</h2>
<p>Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured housing industries. One of the firm's RV customers makes up a portion of revenue.</p>
<h3>Financial Insights: Patrick Industries</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.</p>
<p><strong>Revenue Growth:</strong> Patrick Industries's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of <strong>10.42%</strong>. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> Patrick Industries's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of <strong>4.71%,</strong> the company may encounter challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Patrick Industries's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>4.44%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> Patrick Industries's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of <strong>1.59%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Debt Management:</strong> Patrick Industries's debt-to-equity ratio is notably higher than the industry average. With a ratio of <b>1.38</b>, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.</p>
<p>Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


A Closer Look at 10 Analyst Recommendations For Patrick Industries

<p>Keybanc  analyst Brett Andress   maintains Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) with a Overweight and raises the price target from $135 to $150.</p>


Keybanc Maintains Overweight on Patrick Industries, Raises Price Target to $150

<p>The size of the offering reflects an increase of $100 million in aggregate principal amount of the Notes from the previously announced offering size of $400 million.</p>
<p>Patrick intends to use the net proceeds from the offering to redeem all of its&nbsp;$300 million&nbsp;aggregate principal amount of&nbsp;7.500%&nbsp;Senior Notes due 2027, repay a portion of its borrowings under its existing senior secured credit facility and pay fees and expenses in connection with the foregoing.</p>


Reported Earlier, Patrick Industries Prices Upsized Private Offering Of $500M 6.375% Senior Notes Due 2032

<p>Raymond James  analyst Joseph Altobello   initiates coverage on Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) with a Outperform rating and announces Price Target of $160.</p>


Initiation

Raymond James Initiates Coverage On Patrick Industries with Outperform Rating, Announces Price Target of $160

<p>Truist Securities  analyst Michael Swartz   maintains Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) with a Buy and raises the price target from $150 to $165.</p>


Truist Securities Maintains Buy on Patrick Industries, Raises Price Target to $165

<p>Across the recent three months, 7 analysts have shared their insights on Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>), expressing a variety of opinions spanning from bullish to bearish.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $136.0, with a high estimate of $150.00 and a low estimate of $114.00. This upward trend is evident, with the current average reflecting a 8.37% increase from the previous average price target of $125.50.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726581635_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>The perception of Patrick Industries by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Albanese</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$145.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Michael Albanese</td>
<td>Benchmark</td>
<td>Announces</td>
<td>Buy</td>
<td>$145.00</td>
<td>-</td>
</tr>
<tr>
<td>Brandon Rolle</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$114.00</td>
<td>$108.00</td>
</tr>
<tr>
<td>Tristan Thomas-Martin</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$135.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Brett Andress</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$135.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Craig Kennison</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$128.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$130.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Patrick Industries. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Patrick Industries compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts navigate through adjustments in price targets, providing estimates for Patrick Industries's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Patrick Industries's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/PATK/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Patrick Industries analyst ratings.</strong></a></p>
<h2>Discovering Patrick Industries: A Closer Look</h2>
<p>Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured housing industries. One of the firm's RV customers makes up a portion of revenue.</p>
<h3>Patrick Industries: Financial Performance Dissected</h3>
<p><strong>Market Capitalization Analysis:</strong> Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> Patrick Industries's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of <strong>10.42%</strong>. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> Patrick Industries's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of <strong>4.71%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of <strong>4.44%,</strong> the company showcases effective utilization of equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Patrick Industries's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of <strong>1.59%,</strong> the company may encounter challenges in delivering satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> With a high debt-to-equity ratio of <strong>1.38</strong>, Patrick Industries faces challenges in effectively managing its debt levels, indicating potential financial strain.</p>
<h2>What Are Analyst Ratings?</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Decoding 7 Analyst Evaluations For Patrick Industries

<p>6 analysts have expressed a variety of opinions on Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $134.5, a high estimate of $150.00, and a low estimate of $114.00. This current average reflects an increase of 10.61% from the previous average price target of $121.60. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1724943629_0.png" alt="price target chart" /></p>
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
<p>The standing of Patrick Industries among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Albanese</td>
<td>Benchmark</td>
<td>Announces</td>
<td>Buy</td>
<td>$145.00</td>
<td>-</td>
</tr>
<tr>
<td>Brandon Rolle</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$114.00</td>
<td>$108.00</td>
</tr>
<tr>
<td>Tristan Thomas-Martin</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$135.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Brett Andress</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$135.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Craig Kennison</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$128.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$130.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Patrick Industries. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Patrick Industries compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
<p>Capture valuable insights into Patrick Industries's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/PATK/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Patrick Industries analyst ratings.</strong></a></p>
<h2>Delving into Patrick Industries's Background</h2>
<p>Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured housing industries. One of the firm's RV customers makes up a portion of revenue.</p>
<h3>Patrick Industries: Delving into Financials</h3>
<p><strong>Market Capitalization:</strong> With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.</p>
<p><strong>Revenue Growth:</strong> Patrick Industries displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately <strong>10.42%</strong>. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.</p>
<p><strong>Net Margin:</strong> Patrick Industries's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>4.71%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Patrick Industries's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>4.44%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>1.59%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> Patrick Industries's debt-to-equity ratio is notably higher than the industry average. With a ratio of <b>1.38</b>, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Deep Dive Into Patrick Industries Stock: Analyst Perspectives (6 Ratings)

In a report released today, Noah Zatzkin from KeyBanc maintained a Buy rating on Patrick Industries (PATK – Research Report). The company's shares ...

KeyBanc Sticks to Its Buy Rating for Patrick Industries (PATK)

Tristan M. Thomas-Martin, an analyst from BMO Capital, maintained the Buy rating on Patrick Industries (PATK – Research Report). The associated pri...

Positive Outlook for Patrick Industries Amidst Near-Term Challenges and Strategic Growth Initiatives

Truist Financial analyst Michael Swartz maintained a Buy rating on Patrick Industries (PATK – Research Report) today. The company's shares closed y...

Truist Financial Sticks to Their Buy Rating for Patrick Industries (PATK)

D.A. Davidson analyst Brandon Rolle maintained a Hold rating on Patrick Industries (PATK – Research Report) today and set a price target of $111.00...

Patrick Industries (PATK) Gets a Hold from D.A. Davidson

DA Davidson lowered the firm's price target on Patrick Industries (PATK) to $111 from $114 and keeps a Neutral rating on the shares. The firm cites...

Patrick Industries price target lowered to $111 from $114 at DA Davidson

Patrick Industries (PATK) announced that its board of directors approved an increase in the amount of its quarterly cash dividend on its common sto...

Patrick Industries increases quarterly dividend, stock repurchase program

Patrick declares $0.60 dividend

Patrick Industries (PATK) announced that on November 18 the Company's Board of Directors approved a three-for-two stock split of the Company's comm...

Patrick Industries approves stock split of its common stock

Patrick Industries announces three-for-two common stock split

13 Upcoming Dividend Increases Including 2 Kings

CRAI

FXNC

HUBB

LCII

NBHC

POWI

SCHD

Offerings

Press Releases

Patrick Industries, Inc. Announces Pricing and Upsize of Private Offering of $500 Million of Senior Notes

Patrick Industries, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call Webcast on October 31, 2024

Patrick Industries, Inc. Announces Closing of $500 Million Senior Notes Offering and New Credit Facility

Patrick Industries, Inc. Reports Third Quarter 2024 Financial Results

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Patrick Industries, Inc. Announces Increase to Regular Quarterly Cash Dividend and Increased Share Repurchase Authorization

Patrick Industries, Inc. Announces Three-for-Two Common Stock Split

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