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Patrick Industries to Participate in Upcoming 2024 Roth Conference
PRNewswire (Wed, 13-Mar 8:30 AM ET)
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Patrick Industries to Participate in Upcoming 2024 CJS Conference
PRNewswire (Wed, 3-Jan 5:00 PM ET)
Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured housing industries. One of the firm's RV customers makes up a portion of revenue.
Patrick Industries trades on the NASDAQ stock market under the symbol PATK.
As of March 28, 2024, PATK stock price climbed to $119.47 with 243,026 million shares trading.
PATK has a beta of 1.80, meaning it tends to be more sensitive to market movements. PATK has a correlation of 0.41 to the broad based SPY ETF.
PATK has a market cap of $2.68 billion. This is considered a Mid Cap stock.
Last quarter Patrick Industries reported $781 million in Revenue and $1.49 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.14.
In the last 3 years, PATK stock traded as high as $123.58 and as low as $41.75.
The top ETF exchange traded funds that PATK belongs to (by Net Assets): IJR, CALF, VTI, IWM, VXF.
PATK has outperformed the market in the last year with a price return of +83.5% while the SPY ETF gained +33.6%. PATK has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +18.1% and +7.7%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
PATK support price is $115.35 and resistance is $120.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PATK stock will trade within this expected range on the day.