Patrick Industries, Inc. (PATK) News

Patrick Industries, Inc. (PATK): $95.07

2.35 (+2.53%)

POWR Rating

Component Grades

Momentum

D

Stability

C

Sentiment

Quality

C

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PATK News Highlights

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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 Truist

Truist 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

Yahoo | January 8, 2025

Patrick Industries to Participate in Upcoming CJS Conference

Patrick 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.

Yahoo | January 7, 2025

Surging Earnings Estimates Signal Upside for Patrick Industries (PATK) Stock

Patrick Industries (PATK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Yahoo | December 6, 2024

Patrick Industries (PATK) Moves to Buy: Rationale Behind the Upgrade

Patrick 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.

Yahoo | December 6, 2024

Are You Looking for a Top Momentum Pick? Why Patrick Industries (PATK) is a Great Choice

Does Patrick Industries (PATK) have what it takes to be a top stock pick for momentum investors? Let's find out.

Yahoo | December 6, 2024

Patrick Industries to Participate in Upcoming Truist Conference

Patrick 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.

Yahoo | December 5, 2024

How Patrick Industries is dealing with potential Trump tariffs

Patrick 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. ...

Yahoo | December 3, 2024

Patrick Industries to Host Investor Day on December 3, 2024

Patrick 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.

Yahoo | November 25, 2024

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...

Yahoo | November 24, 2024

Patrick Industries Boosts Dividend and Expands Buyback

Patrick 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

Yahoo | November 22, 2024


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