Truist initiated coverage on Patrick Industries with a new price target
$PATK
Auto Parts:O.E.M.
Consumer Discretionary
Truist initiated coverage of Patrick Industries with a rating of Buy and set a new price target of $75.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/1/2024 | $160.00 | Outperform | Raymond James |
| 8/29/2024 | $145.00 | Buy | The Benchmark Company |
| 12/7/2023 | $105.00 | Outperform | BMO Capital Markets |
| 4/19/2023 | $80.00 | Overweight | KeyBanc Capital Markets |
| 8/26/2022 | $65.00 | Neutral | DA Davidson |
| 5/5/2022 | $93.00 | Buy | MKM Partners |
| 4/12/2022 | $75.00 | Buy | Truist |
| 4/4/2022 | $60.00 | Underperform | BofA Securities |
SC 13G/A - PATRICK INDUSTRIES INC (0000076605) (Subject)
SC 13G/A - PATRICK INDUSTRIES INC (0000076605) (Subject)
SC 13G - PATRICK INDUSTRIES INC (0000076605) (Subject)
ELKHART, Ind., Nov. 19, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") announced today that on November 18, 2024, the Company's Board of Directors approved a three-for-two stock split of the Company's common stock, to be effected in the form of a stock dividend, payable as one additional share of common stock for every two shares of common stock held. Shareholders will receive cash in lieu of any fractional share of common stock that they otherwise would have been entitled to receive in connection with the split. The stock dividend is
ELKHART, Ind., Nov. 15, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that on November 14, 2024, its Board of Directors (the "Board") approved an increase in the amount of its quarterly cash dividend on its common stock to $0.60 per share from $0.55 per share. The dividend is payable on December 9, 2024 to shareholders of record at the close of business on November 25, 2024. Additionally, the Board authorized an increase in the amount of the Company's common stock that may be acquired over the next 24 months under the current stock repurchase program to $200.0 million, including the $72.9 million remaining under the previous authoriz
ELKHART, Ind., Nov. 5, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in Baird's 2024 Global Industrial Conference on November 12, 2024. Andy Nemeth, Chief Executive Officer, and Kip Ellis, President – Powersports, Technology and Housing, will participate in a fireside chat as well as engage in one-on-one meetings with institutional investors and analysts. The conference will be held at the Ritz-Carlton in Chicago. Please contact Ba
10-Q - PATRICK INDUSTRIES INC (0000076605) (Filer)
8-K - PATRICK INDUSTRIES INC (0000076605) (Filer)
8-K - PATRICK INDUSTRIES INC (0000076605) (Filer)
Raymond James initiated coverage of Patrick Industries with a rating of Outperform and set a new price target of $160.00
The Benchmark Company initiated coverage of Patrick Industries with a rating of Buy and set a new price target of $145.00
BMO Capital Markets initiated coverage of Patrick Industries with a rating of Outperform and set a new price target of $105.00
Patrick Industries (NASDAQ:PATK) has outperformed the market over the past 10 years by 8.46% on an annualized basis producing an average annual return of 19.24%. Currently, Patrick Industries has a market capitalization of $2.66 billion. Buying $100 In PATK: If an investor had bought $100 of PATK stock 10 years ago, it would be worth $578.55 today based on a price of $118.80 for PATK at the time of writing. Patrick Industries's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's aut
Patrick Industries (NASDAQ:PATK) has outperformed the market over the past 10 years by 8.78% on an annualized basis producing an average annual return of 19.77%. Currently, Patrick Industries has a market capitalization of $2.66 billion. Buying $1000 In PATK: If an investor had bought $1000 of PATK stock 10 years ago, it would be worth $6,199.18 today based on a price of $118.95 for PATK at the time of writing. Patrick Industries's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's
ELKHART, Ind., Nov. 19, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") announced today that on November 18, 2024, the Company's Board of Directors approved a three-for-two stock split of the Company's common stock, to be effected in the form of a stock dividend, payable as one additional share of common stock for every two shares of common stock held. Shareholders will receive cash in lieu of any fractional share of common stock that they otherwise would have been entitled to receive in connection with the split. The stock dividend is
ELKHART, Ind., Nov. 15, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that on November 14, 2024, its Board of Directors (the "Board") approved an increase in the amount of its quarterly cash dividend on its common stock to $0.60 per share from $0.55 per share. The dividend is payable on December 9, 2024 to shareholders of record at the close of business on November 25, 2024. Additionally, the Board authorized an increase in the amount of the Company's common stock that may be acquired over the next 24 months under the current stock repurchase program to $200.0 million, including the $72.9 million remaining under the previous authoriz
Third Quarter 2024 Highlights (compared to Third Quarter 2023 unless otherwise noted) Net sales increased 6% to $919 million driven by a 13% increase in Housing revenue and our first quarter acquisition of Sportech, which together more than offset a 21% decline in Marine revenue.Operating margin decreased 10 basis points to 8.1%. For the first nine months of 2024, adjusted operating margin improved 20 basis points to 7.8%.Net income increased 3% to $41 million. Diluted earnings per share of $1.80 included the dilutive impact of our convertible notes and related warrants in the period, or an estimated $0.06 per share. For the first nine months of 2024, adjusted diluted earnings per share incr
4 - PATRICK INDUSTRIES INC (0000076605) (Issuer)
4 - PATRICK INDUSTRIES INC (0000076605) (Issuer)
4 - PATRICK INDUSTRIES INC (0000076605) (Issuer)
ROCKFORD FOSGATE® PASSES THE TORCH, PAVING THE WAY FOR CONTINUED STRENGTH AND INNOVATION FOR THE NEXT FUTURE. TEMPE, Ariz., Aug. 19, 2024 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is thrilled to announce two significant leadership changes within the company. Bill Jackson, who has served as President and CEO for the past 18 years, will transition to the role of Sr. Operations Business Advisor to Patrick Industries. Succeeding him, Zach Luke, a seasoned leader with over 20 years of dedicated service at Rockford Fosgate, will step into the role of President.
TEMPE, Ariz., May 3, 2024 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is thrilled to announce its sponsorship of the Harley-Davidson Museum as the official Motorcycle Audio partner. This partnership promises visitors an immersive on-site audio journey with H-D Museum™ Demos, alongside hosting the H-D Museum Bike Night Concert Series and activation during the annual H-D® Homecoming™ Festival. Zach Luke, as Managing Director of Rockford Fosgate, expressed, "This presents a remarkable opportunity for us to connect with our customers on
TEMPE, Ariz., March 5, 2024 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is excited to announce the addition of Doug Dobson as Digital Application Manager. ROCKFORD FOSGATE® APPOINTS DOUG DOBSON AS DIGITAL APPLICATION MANAGERIn his new role, Doug will assume responsibility for vehicle specific guidance and expertise to the embedded software team during UI/APP development. Doug stated, "I am excited and honored to join the great team at Rockford Fosgate and its rich history in the car audio world. I hope to bring my own specialties a