PATK Company Profile and Key Details

Patrick Industries, Inc. (NASDAQ:PATK) closed at $110.70 USD, losing -$0.26 (-0.23%) from the previous close of $110.96. The stock is currently mid-range between its 52-week high and low $72.99 and $116.78. With a market capitalization of about $3.68 billion, Patrick Industries, Inc. is classified as a mid-cap and shows higher-than-market volatility (beta ~1.33). Key stats such as the average daily volume over the past year has been around 273.07 thousand shares, trading with heavier-than-usual volume. Headquartered in Elkhart, IN, Patrick Industries, Inc. operates in the Consumer Cyclical sector and the Furnishings, Fixtures & Appliances industry. Led by CEO Andy L. Nemeth, the company employs approximately 10,000 people and listed since March 17, 1980. 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.

Short-term trend indicators are bearishly aligned (SMA20 0.99%, SMA50 5.85%, SMA200 14.18%). The stock’s 14-day RSI is 56.26 (neutral), while the ATR of 3.39 points to higher daily volatility. The stock remains sitting in the mid-range of its 52-week band, trading -5.21% below its high and over 51.66% above its low. Average 10-day trading volume of 367.41 thousand shares is slightly above the 3-month average of 265.84 thousand, indicating heightened recent market interest.

Patrick Industries, Inc. trades at a P/E ratio of 29.87, slightly below the S&P 500 average, with a price-to-sales ratio of 0.95 and a price-to-book ratio of 3.08 trading at moderately above to book value. The P/FCF stands at 20.1, also above market averages.

Patrick Industries, Inc. has 33.28 million shares outstanding. The public float is 31.82 million shares, elevated short interest at 11.67% of float. This equals 2.67 million shares. The short ratio is 6.98 days. Institutional investors hold 115.7% of the float. Insiders own 4.15%. NEMETH ANDY L holds 301.64 thousand shares, Rodino Jeff has 206.49 thousand shares and Cleveland Todd M has 133.29 thousand shares. Over the past six months, insider transactions show net selling. They sold 78.41 thousand shares across 5 transactions.