Investment Analysts’ Weekly Ratings Changes for Patrick Industries (PATK)

Several analysts have recently updated their ratings and price targets for Patrick Industries (NASDAQ: PATK):

• 2/10/2025 – Patrick Industries had its price target raised by analysts at Truist Financial Co. from $115.00 to $120.00. They now have a “buy” rating on the stock.
• 2/7/2025 – Patrick Industries had its price target raised by analysts at KeyCorp from $100.00 to $110.00. They now have an “overweight” rating on the stock.
• 2/7/2025 – Patrick Industries had its price target raised by analysts at Raymond James from $99.00 to $103.00. They now have an “outperform” rating on the stock.
• 2/7/2025 – Patrick Industries had its price target raised by analysts at Benchmark Co. from $98.00 to $102.00. They now have a “buy” rating on the stock.
• 1/16/2025 – Patrick Industries was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/7/2025 – Patrick Industries had its price target lowered by analysts at Truist Financial Co. from $110.00 to $105.00. They now have a “buy” rating on the stock.
• 1/1/2025 – Patrick Industries was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/24/2024 – Patrick Industries was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 12/16/2024 – Patrick Industries was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Patrick Industries Trading Down 1.4 %

Shares of Patrick Industries stock opened at $93.41 on Tuesday. Patrick Industries, Inc. has a 52-week low of $67.72 and a 52-week high of $98.90. The stock’s 50-day simple moving average is $89.30 and its 200 day simple moving average is $88.70. The stock has a market capitalization of $3.14 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.42 and a beta of 2.26. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.97 and a current ratio of 2.33.

Patrick Industries (NASDAQ:PATK) last announced its quarterly earnings results on Thursday, February 6th. The construction company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. Patrick Industries had a return on equity of 13.25% and a net margin of 3.72%. As a group, research analysts anticipate that Patrick Industries, Inc. will post 5.38 EPS for the current year.

Patrick Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Tuesday, February 18th. Patrick Industries’s dividend payout ratio (DPR) is 38.83%.

Insider Buying and Selling

In related news, CEO Andy L. Nemeth sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $93.76, for a total value of $1,406,400.00. Following the transaction, the chief executive officer now directly owns 364,678 shares in the company, valued at approximately $34,192,209.28. This represents a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.70% of the stock is owned by company insiders.

Institutional Trading of Patrick Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Trust Point Inc. boosted its stake in Patrick Industries by 1.1% in the third quarter. Trust Point Inc. now owns 8,964 shares of the construction company’s stock worth $1,276,000 after buying an additional 96 shares in the last quarter. Amalgamated Bank boosted its stake in Patrick Industries by 2.1% in the third quarter. Amalgamated Bank now owns 6,573 shares of the construction company’s stock worth $936,000 after buying an additional 136 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Patrick Industries by 21.4% in the third quarter. First Horizon Advisors Inc. now owns 788 shares of the construction company’s stock worth $112,000 after buying an additional 139 shares in the last quarter. UMB Bank n.a. boosted its stake in Patrick Industries by 35.1% in the fourth quarter. UMB Bank n.a. now owns 766 shares of the construction company’s stock worth $64,000 after buying an additional 199 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in Patrick Industries by 44.8% in the fourth quarter. Global Retirement Partners LLC now owns 643 shares of the construction company’s stock worth $53,000 after buying an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Patrick Industries, Inc manufactures and distributes component products and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada. Its Manufacturing segment manufactures and sells laminated products for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum products; fiberglass and plastic components; RV paintings; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinets; polymer-based flooring products; dash panels; and other products.