Patrick Industries Stock Performance
| PATK Stock | USD 134.42 3.93 2.84% |
Patrick Industries has a performance score of 4 on a scale of 0 to 100. The company holds a Beta of 2.05, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Patrick Industries will likely underperform. Patrick Industries right now holds a risk of 2.54%. Please check Patrick Industries downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Patrick Industries will be following its historical price patterns.
Risk-Adjusted Performance
4 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Patrick Industries are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite quite uncertain basic indicators, Patrick Industries may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
Actual Historical Performance (%)
One Day Return (2.84) | Five Day Return 0.83 | Year To Date Return 34.68 | Ten Year Return 591.11 | All Time Return 21.6 K |
Forward Dividend Yield 0.0179 | Payout Ratio 0.2155 | Last Split Factor 3:2 | Forward Dividend Rate 2.4 | Dividend Date 2024-12-09 |
| Patrick Industries dividend paid on 9th of September 2024 | 09/09/2024 |
2 | Disposition of 400 shares by Rodino Jeff of Patrick Industries subject to Rule 16b-3 | 09/11/2024 |
3 | Disposition of 7500 shares by Todd Cleveland of Patrick Industries at 131.0512 subject to Rule 16b-3 | 09/12/2024 |
4 | Disposition of 2000 shares by Andy Nemeth of Patrick Industries subject to Rule 16b-3 | 09/13/2024 |
5 | Disposition of 40000 shares by Rodino Jeff of Patrick Industries at 41.33 subject to Rule 16b-3 | 09/20/2024 |
6 | Acquisition by Duthie Joel D of 1714 shares of Patrick Industries subject to Rule 16b-3 | 10/04/2024 |
7 | Are Options Traders Betting on a Big Move in Patrick Industries Stock | 10/14/2024 |
8 | Patrick Industries Inc Q3 2024 Earnings Call Highlights Resilient Growth Amid Market ... | 11/01/2024 |
9 | F M Investments LLC Makes New 323,000 Investment in Patrick Industries, Inc. | 11/04/2024 |
10 | ROCKFORD FOSGATE TO FEATURE HANK ROBINSON FROM HANRO STUDIOS AT SEMA BOOTH | 11/05/2024 |
11 | Patrick Industries Inc Trading Down 3.25 percent on Nov 12 | 11/12/2024 |
12 | Patrick Industries Inc Shares Up 2.11 percent on Nov 19 | 11/19/2024 |
13 | Patrick Industries Inc Shares Gap Down to 137.145 on Nov 26 | 11/26/2024 |
| Begin Period Cash Flow | 22.8 M |
Patrick |
Patrick Industries Relative Risk vs. Return Landscape
If you would invest 12,578 in Patrick Industries on August 31, 2024 and sell it today you would earn a total of 864.00 from holding Patrick Industries or generate 6.87% return on investment over 90 days. Patrick Industries is currently generating 0.1372% in daily expected returns and assumes 2.5425% risk (volatility on return distribution) over the 90 days horizon. In different words, 22% of stocks are less volatile than Patrick, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Patrick Industries Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Patrick Industries' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Patrick Industries, and traders can use it to determine the average amount a Patrick Industries' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.054
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Estimated Market Risk
| 2.54 actual daily | 22 78% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Patrick Industries is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Patrick Industries by adding it to a well-diversified portfolio.
Patrick Industries Fundamentals Growth
Patrick Stock prices reflect investors' perceptions of the future prospects and financial health of Patrick Industries, and Patrick Industries fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Patrick Stock performance.
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.0597 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 4.56 B | ||||
| Shares Outstanding | 22.4 M | ||||
| Price To Earning | 3.85 X | ||||
| Price To Book | 2.67 X | ||||
| Price To Sales | 0.82 X | ||||
| Revenue | 3.47 B | ||||
| Gross Profit | 1.06 B | ||||
| EBITDA | 260.2 M | ||||
| Net Income | 142.9 M | ||||
| Cash And Equivalents | 53.27 M | ||||
| Cash Per Share | 2.35 X | ||||
| Total Debt | 1.21 B | ||||
| Debt To Equity | 1.59 % | ||||
| Current Ratio | 2.54 X | ||||
| Book Value Per Share | 50.38 X | ||||
| Cash Flow From Operations | 408.67 M | ||||
| Earnings Per Share | 6.96 X | ||||
| Market Capitalization | 3.01 B | ||||
| Total Asset | 2.56 B | ||||
| Retained Earnings | 843.08 M | ||||
| Working Capital | 426.13 M | ||||
| Current Asset | 133.9 M | ||||
| Current Liabilities | 57.93 M | ||||
About Patrick Industries Performance
By examining Patrick Industries' fundamental ratios, stakeholders can obtain critical insights into Patrick Industries' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Patrick Industries is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 69.33 | 35.38 | |
| Return On Tangible Assets | 0.11 | 0.12 | |
| Return On Capital Employed | 0.12 | 0.07 | |
| Return On Assets | 0.06 | 0.06 | |
| Return On Equity | 0.14 | 0.14 |
Things to note about Patrick Industries performance evaluation
Checking the ongoing alerts about Patrick Industries for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Patrick Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Patrick Industries is unlikely to experience financial distress in the next 2 years | |
| Over 95.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Patrick Industries Inc Shares Gap Down to 137.145 on Nov 26 |
- Analyzing Patrick Industries' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Patrick Industries' stock is overvalued or undervalued compared to its peers.
- Examining Patrick Industries' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Patrick Industries' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Patrick Industries' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Patrick Industries' stock. These opinions can provide insight into Patrick Industries' potential for growth and whether the stock is currently undervalued or overvalued.
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 closely tied 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Building Products space 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.
Quarterly Earnings Growth (0.01) | Dividend Share 2.2 | Earnings Share 6.96 | Revenue Per Share 168.682 | Quarterly Revenue Growth 0.062 |
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.