Patrick Industries Inc. (PATK): Key fundamentals of PATK

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Patrick Industries Inc. (NASDAQ:PATK) changes shares on Friday trading session, with a change of 4.60% or $2.42 shares. The trading starts at $56.87 and closed at $52.64 throughout the day. The trading session low price was $53.01 and day high was $57.10 on Friday, June 12. After the session, the Industrials sector daily volume shifted to 0.17 million while its average volume is 296.59K. In other hand, the PATK market cap reached to $1.24B. While, its current target price is $55.06 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -8.33% and up 40.78% for month. Its quarterly performance was 64.06% above, while its half year performance is up 4.60%. PATK yearly performance stood at positive 18.46% and rise 5.02% for year-to-date. Current recommendation for Patrick Industries Inc. is 2.10.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. PATK EPS (TTM) for 12-month is 3.86. EPS for this year is -21.90%, while for the next year its value is 3.45. Its EPS Q/Q reached 1.50%. It has an EPS of 24.70% up for past five years and for the next five years will be down -0.30%.

Let’s take a look on the analyst recommendations on PATK for the current month and previous month. For the current month, 3 of 7 analysts recommend stock as Buy while 0 as Sell, 2 as overweight, 1 as underweight and 1 as Hold. As compared with the previous month ratings, 7 analysts participate in stock recommendation. Out of 7, 0 rated it sell, 4 rated it as Buy and 1 as Hold Ratings. On the other hand, target price ranges from $29.00-$75.00. Average target price for PATK was reached at $54.86.

Blackrock Inc., Wellington Management Company, LLP and Vanguard Group, Inc. (The) are the top three holders in Patrick Industries Inc. (PATK) stock. On Mar 30, 2020, Blackrock Inc. has 3.25 million shares which valued 91.48 million. On Mar 30, 2020, Wellington Management Company, LLP owned 1.62 million shares which valued at 45.51 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 1.46 million shares which valued at 41.0 million. In the end, Vanguard Group, Inc. (The) have 6.19% shares outstanding of Patrick Industries Inc. (PATK) on Mar 30, 2020. The insider ownership moved to 4.10% and institutional holding shifted to 91.90%.

The company posted an EPS (TTM) of 3.86. According to the most recent quarter report on (Jun 2020), 7 analysts estimated an average EPS of -0.13, while 1.18 EPS posted a year ago period. Analyst Estimated EPS for PATK published in the report was -0.21–0.05 during the same period. Comparing with last year, the average estimated EPS was 1.18 which is higher than 0.91 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for PATK rise 20.79% for period of 200 days. SMA for 50 days was 31.16% which is showing green signal, while SMA-20 was 3.08%. The moving average value for Patrick Industries Inc. (PATK) is 46.30 and 48.62 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in PATK stock. On Jun 08, Boone Joshua A, EVP – Finance & CFO, sold 15,545 trading shares at the cost of $62.08, which valued at 0.96 million. On Jun 05, Boone Joshua A, EVP – Finance & CFO, sold 3,610 shares at the cost of $60.00, with total shares of 50,284. On Mar 13, Ellis Kip B, EVP Operations & COO, bought 3,000 shares at the cost of 32.34. After this transaction, Ellis Kip B total shares reached to 84,646 which valued at 97015.0.