Patrick Industries, Inc. (PATK) News
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Latest PATK News From Around the Web
Below are the latest news stories about PATRICK INDUSTRIES INC that investors may wish to consider to help them evaluate PATK as an investment opportunity.
Patrick Industries price target lowered to $105 from $110 at TruistTruist analyst Michael Swartz lowered the firm’s price target on Patrick Industries (PATK) to $105 from $110 and keeps a Buy rating on the shares as part of a broader research note on Leisure products and facilities as well as Recreational Vehicles. Sluggish consumer demand, uncertainty around the pace/magnitude of Fed rate cuts, and renewed trade/tariff concerns post-election day yielded yet another challenging year for the industry in 2024, and the Recreation & Leisure – R&L – index underperfo |
Patrick Industries to Participate in Upcoming CJS ConferencePatrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in CJS Securities 25th Annual "New Ideas for the New Year" Conference on January 14, 2025. |
Surging Earnings Estimates Signal Upside for Patrick Industries (PATK) StockPatrick Industries (PATK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions. |
Patrick Industries (PATK) Moves to Buy: Rationale Behind the UpgradePatrick Industries (PATK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. |
Are You Looking for a Top Momentum Pick? Why Patrick Industries (PATK) is a Great ChoiceDoes Patrick Industries (PATK) have what it takes to be a top stock pick for momentum investors? Let's find out. |
Patrick Industries to Participate in Upcoming Truist ConferencePatrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in Truist Securities 12th Annual Gaming, Lodging, Leisure & Restaurants Summit on December 12, 2024. |
How Patrick Industries is dealing with potential Trump tariffsPatrick Industries CEO Andy Nemeth joined Market Domination to discuss trends in the recreational vehicle (RV) market. Nemeth states that the company's supply chain remains "very healthy." Addressing concerns about potential Trump tariffs, he explains that the company has proactively reduced its exposure to potentially affected countries to minimize impact. The CEO highlighted Patrick Industries' tiered product strategy, offering "a good, better, best" range of options. "Even if there is a little bit of a tariff impact, we offer the opportunity for them to downscale or decontent a little bit to offset some of that," Nemeth explained. Regarding current sales trends, Nemeth indicated that smaller, lower-priced units drive market demand, reflecting consumers' heightened price sensitivity. ... |
Patrick Industries to Host Investor Day on December 3, 2024Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will host an inaugural Investor Day on December 3, 2024 in New York, NY. |
Is Patrick Industries, Inc.'s (NASDAQ:PATK) 14% ROE Better Than Average?One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will... |
Patrick Industries Boosts Dividend and Expands BuybackPatrick Industries ( (PATK) ) has shared an announcement. Patrick Industries, Inc. has announced an increase in its quarterly cash dividend to $0.60 per share and expanded its stock repurchase program to $200 million, reflecting confidence in its long-term growth and cash flow capabilities. The company’s strategic focus on capital allocation and shareholder value aims to drive profitable growth in its Outdoor Enthusiast and Housing markets. For an in-depth examination of PATK stock, go to TipRan |