Patrick Industries Stock Analysis

Patrick Stock Analysis Notes

About 94.0% of the company shares are owned by institutional investors. The book value of Patrick Industries was at this time reported as 47.17. The company has Price/Earnings To Growth (PEG) ratio of 1.88. Patrick Industries recorded earning per share (EPS) of 6.5. The entity last dividend was issued on the 16th of February 2024. The firm had 1:1 split on the 11th of January 2018. 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, China, and Canada. The company was founded in 1959 and is headquartered in Elkhart, Indiana. Patrick Inds operates under Furnishings, Fixtures Appliances classification in the United States and is traded on NASDAQ Exchange. It employs 12000 people. To find out more about Patrick Industries contact Todd Cleveland at (574) 294-7511 or learn more at https://www.patrickind.com.

Patrick Industries Investment Alerts

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Patrick Largest EPS Surprises

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Patrick Industries Thematic Classifications

Patrick Stock Institutional Investors

Note, although Patrick Industries' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Patrick Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.43 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Patrick Industries's market, we take the total number of its shares issued and multiply it by Patrick Industries's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Patrick Profitablity

The company has Profit Margin (PM) of 0.04 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.07 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.07.

Management Efficiency

Patrick Industries has return on total asset (ROA) of 0.0609 % which means that it generated a profit of $0.0609 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1429 %, meaning that it created $0.1429 on every $100 dollars invested by stockholders. Patrick Industries' management efficiency ratios could be used to measure how well Patrick Industries manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Patrick Industries' Return On Tangible Assets are quite stable compared to the past year. Return On Assets is expected to rise to 0.06 this year, although the value of Return On Capital Employed will most likely fall to 0.07. At this time, Patrick Industries' Total Current Liabilities is quite stable compared to the past year. Liabilities And Stockholders Equity is expected to rise to about 2.8 B this year, although the value of Non Current Liabilities Other will most likely fall to about 10.5 M.

Technical Drivers

As of the 25th of April, Patrick Industries holds the Semi Deviation of 1.84, coefficient of variation of 1036.26, and Risk Adjusted Performance of 0.0667. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Patrick Industries, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Patrick Industries, which can be compared to its competitors. Please check Patrick Industries jensen alpha and downside variance to decide if Patrick Industries is priced some-what accurately, providing market reflects its current price of 106.81 per share. Given that Patrick Industries has jensen alpha of 0.0164, we recommend you to check out Patrick Industries's recent market performance to make sure the company can sustain itself at a future point.

Patrick Industries Price Movement Analysis

Patrick Industries Insider Trading Activities

Patrick Industries Outstanding Bonds

Patrick Industries Predictive Daily Indicators

Patrick Industries Corporate Filings

Patrick Industries Forecast Models

Patrick Industries' time-series forecasting models are one of many Patrick Industries' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Patrick Industries' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Patrick Industries prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Patrick shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Patrick Industries. By using and applying Patrick Stock analysis, traders can create a robust methodology for identifying Patrick entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Patrick analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Patrick analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Patrick Industries stock analysis indicators help investors evaluate how Patrick Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Patrick Industries shares will generate the highest return on investment. By understating and applying Patrick Industries stock analysis, traders can identify Patrick Industries position entry and exit signals to maximize returns.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patrick Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

When running Patrick Industries' price analysis, check to measure Patrick Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Patrick Industries is operating at the current time. Most of Patrick Industries' value examination focuses on studying past and present price action to predict the probability of Patrick Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patrick Industries' price. Additionally, you may evaluate how the addition of Patrick Industries to your portfolios can decrease your overall portfolio volatility.

Is Patrick Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patrick Industries. If investors know Patrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patrick Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Patrick Industries is measured differently than its book value, which is the value of Patrick that is recorded on the company's balance sheet. Investors also form their own opinion of Patrick Industries' value that differs from its market value or its book value, called intrinsic value, which is Patrick Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patrick Industries' market value can be influenced by many factors that don't directly affect Patrick Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Patrick Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patrick Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patrick Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.