2 weeks Ago By Defense World Staff
Bokf Na raised its position in shares of Patrick Industries, Inc. ( NASDAQ:PATK – Free Report ) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The firm owned 4,848 shares of the construction company’s stock after buying an additional 172 shares during the period. Bokf Na’s holdings in Patrick Industries were worth $526,000 at the end of the most recent reporting period. A number of other large investors have also added to or reduced their stakes in PATK.
Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Patrick Industries by 78.5% during the second quarter.
Harel Insurance Investments & Financial Services Ltd. now owns 1,910 shares of the construction company’s stock worth $205,000 after purchasing an additional 840 shares during the period. Heritage Family Offices LLP purchased a new stake in Patrick Industries in the 2nd quarter worth approximately $227,000.
Versor Investments LP purchased a new position in shares of Patrick Industries during the second quarter valued at approximately $282,000. BTC Capital Management Inc. bought a new position in shares of Patrick Industries during the first quarter valued at approximately $303,000.
Finally, Avantax Advisory Services Inc. purchased a new stake in Patrick Industries in the first quarter worth $326,000. Institutional investors own 93.
29% of the company’s stock. Patrick Industries Price Performance Shares of PATK opened at $136.54 on Tuesday.
Patrick Industries, Inc. has a fifty-two week low of $70.15 and a fifty-two week high of $136.
84. The firm’s 50-day simple moving average is $123.75 and its two-hundred day simple moving average is $115.
51. The stock has a market cap of $3.06 billion, a PE ratio of 20.
23, a price-to-earnings-growth ratio of 1.05 and a beta of 1.62.
The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.94 and a current ratio of 2.
29. Patrick Industries Announces Dividend The business also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were given a $0.
55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.
61%. The ex-dividend date of this dividend was Monday, August 26th. Patrick Industries’s dividend payout ratio is presently 32.
59%. Wall Street Analysts Forecast Growth A number of research analysts have issued reports on PATK shares. Robert W.
Baird boosted their price objective on shares of Patrick Industries from $120.00 to $128.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd.
Benchmark began coverage on shares of Patrick Industries in a research note on Thursday, August 29th. They issued a “buy” rating and a $145.00 price target for the company.
Truist Financial raised their price objective on shares of Patrick Industries from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, August 2nd.
BMO Capital Markets upped their target price on Patrick Industries from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd.
Finally, DA Davidson raised their target price on Patrick Industries from $108.00 to $114.00 and gave the company a “neutral” rating in a research note on Monday, August 5th.
Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.
29. View Our Latest Research Report on Patrick Industries Insider Transactions at Patrick Industries In related news, insider Jeff Rodino sold 20,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $131.
37, for a total transaction of $2,627,400.00. Following the sale, the insider now directly owns 139,109 shares of the company’s stock, valued at approximately $18,274,749.
33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . In other news, COO Hugo E.
Gonzalez sold 1,911 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $130.11, for a total transaction of $248,640.
21. Following the transaction, the chief operating officer now directly owns 23,759 shares of the company’s stock, valued at $3,091,283.49.
The sale was disclosed in a filing with the SEC, which is available at the SEC website . Also, insider Jeff Rodino sold 20,000 shares of Patrick Industries stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $131.
37, for a total value of $2,627,400.00. Following the completion of the sale, the insider now owns 139,109 shares of the company’s stock, valued at $18,274,749.
33. The disclosure for this sale can be found here . Insiders sold a total of 29,411 shares of company stock valued at $3,858,915 in the last quarter.
4.70% of the stock is owned by insiders. Patrick Industries Profile ( Free Report ) Patrick Industries, Inc manufactures and distributes component products and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada.
Its Manufacturing segment manufactures and sells laminated products for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum products; fiberglass and plastic components; RV paintings; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinets; polymer-based flooring products; dash panels; and other products. Recommended Stories Five stocks we like better than Patrick Industries Best Stocks Under $5.00 Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Roblox’s Growth Beyond Kids: Stock Set for Major Moves 3 REITs to Buy and Hold for the Long Term 5 Oversold Stocks to Buy Right Now Receive News & Ratings for Patrick Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patrick Industries and related companies with MarketBeat.
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