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Patrick Industries, Inc is a recreational vehicles business based in the US. Patrick Industries shares (PATK) are listed on the NASDAQ and all prices are listed in US Dollars. Patrick Industries employs 7,500 staff and has a trailing 12-month revenue of around USD$2.3 billion.
Since the stock market crash in March caused by coronavirus, Patrick Industries's share price has had significant negative movement.
Its last market close was USD$58.91, which is 4.49% down on its pre-crash value of USD$61.68 and 252.75% up on the lowest point reached during the March crash when the shares fell as low as USD$16.7.
If you had bought USD$1,000 worth of Patrick Industries shares at the start of February 2020, those shares would have been worth USD$377.81 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,104.56.
|Latest market close||USD$58.91|
|52-week range||USD$16.5515 - USD$69.5431|
|50-day moving average||USD$60.6158|
|200-day moving average||USD$58.6672|
|Wall St. target price||USD$80.8|
|Dividend yield||USD$1.12 (1.7%)|
|Earnings per share (TTM)||USD$3.43|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-11-20)||N/A|
|1 month (2020-10-30)||5.67%|
|3 months (2020-08-28)||N/A|
|6 months (2020-05-28)||N/A|
|1 year (2019-11-27)||N/A|
|2 years (2018-11-27)||N/A|
|3 years (2017-11-27)||N/A|
|5 years (2015-11-27)||N/A|
Valuing Patrick Industries stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Patrick Industries's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Patrick Industries's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 18x. In other words, Patrick Industries shares trade at around 18x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Patrick Industries's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.88. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Patrick Industries's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Patrick Industries's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$216 million.
The EBITDA is a measure of a Patrick Industries's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$2.3 billion|
|Operating margin TTM||6.48%|
|Gross profit TTM||USD$422.9 million|
|Return on assets TTM||6.06%|
|Return on equity TTM||15.75%|
|Market capitalisation||USD$1.6 billion|
TTM: trailing 12 months
There are currently 936,247 Patrick Industries shares held short by investors – that's known as Patrick Industries's "short interest". This figure is 4.7% down from 982,571 last month.
There are a few different ways that this level of interest in shorting Patrick Industries shares can be evaluated.
Patrick Industries's "short interest ratio" (SIR) is the quantity of Patrick Industries shares currently shorted divided by the average quantity of Patrick Industries shares traded daily (recently around 168389.74820144). Patrick Industries's SIR currently stands at 5.56. In other words for every 100,000 Patrick Industries shares traded daily on the market, roughly 5560 shares are currently held short.
However Patrick Industries's short interest can also be evaluated against the total number of Patrick Industries shares, or, against the total number of tradable Patrick Industries shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Patrick Industries's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Patrick Industries shares in existence, roughly 40 shares are currently held short) or 0.0503% of the tradable shares (for every 100,000 tradable Patrick Industries shares, roughly 50 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Patrick Industries.
Find out more about how you can short Patrick Industries stock.
Dividend payout ratio: 29.24% of net profits
Recently Patrick Industries has paid out, on average, around 29.24% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.7% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Patrick Industries shareholders could enjoy a 1.7% return on their shares, in the form of dividend payments. In Patrick Industries's case, that would currently equate to about $1.12 per share.
While Patrick Industries's payout ratio might seem fairly standard, it's worth remembering that Patrick Industries may be investing much of the rest of its net profits in future growth.
Patrick Industries's most recent dividend payout was on 14 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 27 November 2020 (the "ex-dividend date").
Patrick Industries's shares were split on 11 January 2018.
Over the last 12 months, Patrick Industries's shares have ranged in value from as little as $16.5515 up to $69.5431. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Patrick Industries's is 2.5017. This would suggest that Patrick Industries's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Patrick Industries, Inc. manufactures and distributes building products and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States and Canada. Its Manufacturing segment manufactures and sells furniture, shelving, walls, countertops, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, solid surface, granite, and quartz countertop fabrication products; RV paintings; fabricated aluminum products; decorative vinyl and paper laminated panels; fiberglass and plastic components; softwoods lumber; custom cabinets; polymer-based flooring products; and electrical systems and components, including instrument and dash panels, and other products. This segment also provides wrapped vinyl, paper, and hardwood profile moldings; interior passage doors; slide-out trim and fascia products; thermoformed shower surrounds; specialty bath and closet building products; fiberglass and plastic helm systems and components; wiring and wire harnesses; aluminum fuel tanks; boat covers, towers, tops, and frames; CNC molds and composite parts; and slotwall panels and components. The company's Distribution segment distributes pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics, audio systems components, appliances, wiring products, electrical and plumbing products, cement siding products, raw and processed lumber, fiber reinforced polyester products, interior passage doors, roofing products, laminate and ceramic flooring products, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, and other products. This segment also offers transportation and logistics services. It offers its products through a network of manufacturing and distribution centers. The company was founded in 1959 and is headquartered in Elkhart, Indiana.
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