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How to buy Patrick Industries stock in Canada | $85.7
Own Patrick Industries shares in just a few minutes.
Patrick Industries is a recreational vehicles business based in the US. Patrick Industries stocks (PATK.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $71.23 – an increase of 0.59% over the previous week. Patrick Industries employs 8,800 staff and has a trailing 12-month revenue of around $2.7 billion.
How to buy Patrick Industries stock in Canada
- Choose a platform. If you're a beginner, our stock trading table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: PATK in this case.
- Research Patrick Industries stocks. The platform should provide the latest information available.
- Buy your Patrick Industries stocks. It's that simple.
What's in this guide?
- Can I buy shares in Patrick Industries?
- Has coronavirus impacted Patrick Industries shares?
- Patrick Industries shares summary
- Compare share dealing platforms
- Is Patrick Industries stock a buy or sell?
- Patrick Industries performance over time
- Can I short Patrick Industries shares?
- Are Patrick Industries shares over-valued?
- Patrick Industries's financials
- How volatile are Patrick Industries shares?
- Does Patrick Industries pay a dividend?
- Have Patrick Industries shares ever split?
- Other common questions
How has Coronavirus impacted Patrick Industries's stock price?
Since the stock market crash in March caused by coronavirus, Patrick Industries's stock price has had significant positive movement.
Its last market close was $85.7, which is 28.03% up on its pre-crash value of $61.68 and 413.17% up on the lowest point reached during the March crash when the stocks fell as low as $16.7.
If you had bought $1,000 worth of Patrick Industries stocks at the start of February 2020, those stocks would have been worth $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 $1,606.88.
Patrick Industries stock priceUse our graph to track the performance of PATK stocks over time.
Patrick Industries stocks at a glance
|Latest market close||$85.7|
|52-week range||$47.2106 - $98.5097|
|50-day moving average||$75.6029|
|200-day moving average||$81.3544|
|Wall St. target price||$109.5|
|Dividend yield||$1.06 (1.37%)|
|Earnings per share (TTM)||$5.339|
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Note: The dollar amounts in the table below are in Canadian dollars.
Is it a good time to buy Patrick Industries stock?
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.
Patrick Industries price performance over time
|1 month (2021-06-28)||18.52%|
|3 months (2021-04-28)||-11.49%|
Is Patrick Industries under- or over-valued?
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 P/E ratio
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 15x. In other words, Patrick Industries stocks trade at around 15x 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 stocks or simply that they're under-valued.
Patrick Industries's PEG ratio
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 stocks offer better value, while a higher ratio can be interpreted as meaning the stocks 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 stock prices of multiple high-growth companies.
Patrick Industries's EBITDA
Patrick Industries's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$278.9 million.
The EBITDA is a measure of a Patrick Industries's overall financial performance and is widely used to measure a its profitability.
Patrick Industries financials
|Revenue TTM||USD$2.7 billion|
|Operating margin TTM||7.29%|
|Gross profit TTM||USD$459 million|
|Return on assets TTM||7.46%|
|Return on equity TTM||22.63%|
|Market capitalisation||USD$1.8 billion|
TTM: trailing 12 months
How to short and sell Patrick Industries stocks
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "PATK.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 604,286 Patrick Industries stocks held short by investors – that's known as Patrick Industries's "short interest". This figure is 11.8% down from 685,033 last month.
There are a few different ways that this level of interest in shorting Patrick Industries stocks can be evaluated.
Patrick Industries's "short interest ratio" (SIR)
Patrick Industries's "short interest ratio" (SIR) is the quantity of Patrick Industries stocks currently shorted divided by the average quantity of Patrick Industries stocks traded daily (recently around 215816.42857143). Patrick Industries's SIR currently stands at 2.8. In other words for every 100,000 Patrick Industries stocks traded daily on the market, roughly 2800 stocks are currently held short.
However Patrick Industries's short interest can also be evaluated against the total number of Patrick Industries stocks, or, against the total number of tradable Patrick Industries stocks (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 0.03% of the outstanding stocks (for every 100,000 Patrick Industries stocks in existence, roughly 30 stocks are currently held short) or 0.0269% of the tradable stocks (for every 100,000 tradable Patrick Industries stocks, roughly 27 stocks are currently held short).
Such a low SIR usually points to an optimistic outlook for the stock price, with fewer people currently willing to bet against Patrick Industries.
Find out more about how you can short Patrick Industries stock.
Patrick Industries stock dividends
Dividend payout ratio: 20% of net profits
Recently Patrick Industries has paid out, on average, around 20% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.45% 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 1.45% return on their shares, in the form of dividend payments. In Patrick Industries's case, that would currently equate to about $1.06 per share.
While Patrick Industries's payout ratio might seem low, this can signify that Patrick Industries is investing more in its future growth.
Patrick Industries's most recent dividend payout was on 13 June 2021. The latest dividend was paid out to all shareholders who bought their stocks by 27 May 2021 (the "ex-dividend date").
Have Patrick Industries stocks ever split?
Patrick Industries stocks were split on 10 January 2018.
Patrick Industries stock price volatility
Over the last 12 months, Patrick Industries's stocks have ranged in value from as little as $47.2106 up to $98.5097. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a stocks volatility in relation to the market. The market (NASDAQ average) beta is 1, while Patrick Industries's is 2.4347. This would suggest that Patrick Industries's stocks are significantly more volatile than the average for this exchange and represent a higher risk.
Patrick Industries overview
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 and Canada. Its Manufacturing segment manufactures and sells furniture, shelving, wall, countertop, and cabinet product; cabinet door, fiberglass bath fixture, and tile system; hardwood furniture, vinyl printing, solid surface, granite, and quartz countertop fabrication aluminum product; RV painting; decorative vinyl and paper laminated panel; fiberglass and plastic component; softwoods lumber; custom cabinet; polymer-based flooring product; marine hardware; air handling; and electrical system and component, including instrument and dash panel, and other product. This segment also provides wrapped vinyl, paper, and hardwood profile moulding; interior passage door; slide-out trim and fascia product; thermoformed shower surround; specialty bath and closet building product; treated, untreated, and laminated plywood; fiberglass and plastic helm systems and component; wiring and wire harnesses; aluminum and plastic fuel tank; boat cover, tower, top, and frame; CNC molds and composite part; and slotwall panel and component. The company's Distribution segment distributes pre-finished wall and ceiling panel, drywall and finishing product, electronic, audio system component, appliance, wiring product, electrical and plumbing product, cement siding product, raw and processed lumber, fiber reinforced polyester product, roofing, laminate and ceramic flooring product, shower door, furniture, fireplace and surround, interior and exterior lighting product, and other product. This segment also offers transportation and logistics service. The company was founded in 1959 and is headquartered in Elkhart, Indiana.
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Patrick Industries in the news
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