Patrick Industries, Inc. Completes Acquisition of Medallion Instrumentation Systems, LLC
- ELKHART, Ind. , Feb. 24, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Spring Lake, Michigan-based Medallion Instrumentation Systems, LLC ("Medallion"), a premier provider of customized instrumentation and vehicle electronics for marine, RV, powersports, on-highway and military markets.
- 02/24/2025
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Patrick Industries, Inc. (PATK) Q4 2024 Earnings Call Transcript
- Patrick Industries, Inc. (NASDAQ:PATK ) Q4 2024 Earnings Conference Call February 6, 2025 10:00 AM ET Company Participants Steve O'Hara - VP, IR Andy Nemeth - CEO Jeffrey Rodino - President Andrew Roeder - EVP, Finance, CFO, & Treasurer Conference Call Participants Mike Swartz - Truist Securities Daniel Moore - CJS Securities Joe Altobello - Raymond James Noah Zatzkin - KeyBanc Capital Markets Jack Weisenberger - ROTH Capital Tristan Thomas-Martin - BMO Capital Markets Alex Perry - Bank of America Mike Albanese - The Benchmark Company Brandon Rolle - D.A. Davidson Craig Kennison - Baird Operator Greetings and welcome to the Patrick Industries, Inc., Fourth Quarter 2024 Earnings Conference Call and Webcast.
- 02/06/2025
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Patrick Industries (PATK) Q4 Earnings and Revenues Beat Estimates
- Patrick Industries (PATK) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.99 per share a year ago.
- 02/06/2025
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Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results and Declares Quarterly Cash Dividend
- Fourth Quarter and Full Year 2024 Highlights (compared to Fourth Quarter and Full Year 2023 unless otherwise noted) Net sales for the fourth quarter and full year increased 8% to $846 million and 7% to $3.7 billion, respectively, reflecting the contribution of acquisitions, and higher revenue from our Housing and RV end markets. Operating margin for the fourth quarter and full year was 4.7% and 6.9%, respectively.
- 02/06/2025
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Introducing the new M2 Element Ready™ Subwoofers from Rockford Fosgate
- TEMPE, Ariz. , Feb. 4, 2025 /PRNewswire/ -- Rockford Fosgate (www.rockfordfosgate.com), the industry leader in high-performance audio systems, is excited to announce the new M2 Element Ready™ Subwoofers.
- 02/04/2025
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Patrick Industries, Inc. Completes Acquisition of Elkhart Composites, Inc.
- ELKHART, Ind. , Feb. 3, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Elkhart, Indiana-based Elkhart Composites, Inc., a Thor Industries owned company.
- 02/03/2025
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Patrick Industries (PATK) Expected to Beat Earnings Estimates: Should You Buy?
- Patrick Industries (PATK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/30/2025
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Introducing the New Harley-Davidson® Audio Powered by Rockford Fosgate® Stage III Audio Systems
- TEMPE, Ariz. , Jan. 24, 2025 /PRNewswire/ -- Rockford Fosgate (www.rockfordfosgate.com), the industry leader in high-performance audio systems, is excited to introduce the 2025 lineup of Harley-Davidson powered by Rockford Fosgate Stage III speakers.
- 01/24/2025
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Patrick Industries, Inc. Announces Fourth Quarter 2024 Earnings Release and Conference Call Webcast on February 6, 2025
- ELKHART, Ind. , Jan. 23, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that it will release its fourth quarter and twelve months 2024 financial results before the market opens on Thursday, February 6, 2025.
- 01/23/2025
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Patrick Industries: Staying Bullish On Valuation And Growth Prospects
- Patrick Industries remains a 'buy' due to attractive pricing, solid growth, and strategic acquisitions despite recent RV and marine market challenges. Q3 2024 revenue grew 6.2% year-over-year, driven by powersports and manufactured housing, offsetting declines in RV and marine segments. Management's strategic acquisitions and focus on expanding market share in the outdoor enthusiast and aftermarket sectors bolster long-term growth prospects.
- 01/19/2025
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Patrick Industries to Participate in Upcoming CJS Conference
- ELKHART, Ind. , Jan. 7, 2025 /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 CJS Securities 25th Annual "New Ideas for the New Year" Conference on January 14, 2025.
- 01/07/2025
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Are You Looking for a Top Momentum Pick? Why Patrick Industries (PATK) is a Great Choice
- Does Patrick Industries (PATK) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 12/09/2024
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Patrick Industries (PATK) Moves to Buy: Rationale Behind the Upgrade
- Patrick Industries (PATK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 12/09/2024
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Surging Earnings Estimates Signal Upside for Patrick Industries (PATK) Stock
- Patrick Industries (PATK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 12/09/2024
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Patrick Industries to Participate in Upcoming Truist Conference
- ELKHART, Ind. , Dec. 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 Truist Securities 12th Annual Gaming, Lodging, Leisure & Restaurants Summit on December 12, 2024.
- 12/05/2024
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Patrick Industries to Host Investor Day on December 3, 2024
- ELKHART, Ind. , Nov. 25, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will host an inaugural Investor Day on December 3, 2024 in New York, NY.
- 11/25/2024
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13 Upcoming Dividend Increases Including 2 Kings
- This week's dividend increases feature two dividend kings, Stepan and Tennant, with average increases of 7.4% and a median of 5.4%. Thirteen companies are increasing their dividends this week, with an average increase of 7.4% and a median of 5.4%. My strategy focuses on buying, holding, and adding companies with consistent dividend growth and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ.
- 11/21/2024
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Patrick Industries, Inc. Announces Three-for-Two Common Stock Split
- 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.
- 11/19/2024
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Patrick Rewards Investors With 9% Dividend Hike: Will It Sustain?
- PATK's solid capital allocation strategy drives long-term sustainable growth and shareholders' value.
- 11/18/2024
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Patrick Industries, Inc. Announces Increase to Regular Quarterly Cash Dividend and Increased Share Repurchase Authorization
- 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.
- 11/15/2024
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Patrick Industries to Participate in Upcoming Baird Conference
- 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.
- 11/05/2024
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Introducing Stage-3 Jeep® Audio Kits for Select 2024 and Newer Wrangler Models by Rockford Fosgate®
- TEMPE, Ariz. , Nov. 5, 2024 /PRNewswire/ -- Rockford Fosgate, a leader in high-performance audio systems, is thrilled to unveil its 1800-watt Stage-3 Jeep Audio Kit.
- 11/05/2024
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Introducing the Next Generation of 10-inch T1 Slim Subwoofers by Rockford Fosgate®
- TEMPE, Ariz. , Nov. 5, 2024 /PRNewswire/ -- Rockford Fosgate, a leader in high-performance audio systems, is thrilled to unveil the next generation of T1 Slim Subwoofers.
- 11/05/2024
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Patrick Industries, Inc. (PATK) Q3 2024 Earnings Call Transcript
- Patrick Industries, Inc. (NASDAQ:PATK ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Steve O'Hara - VP, IR Andy Nemeth - CEO Jeffrey Rodino - President Andrew Roeder - EVP, Finance, CFO, and Treasurer Kip Ellis - President, Powersports, Technology & Housing Conference Call Participants Scott Stember - ROTH MKM Mike Swartz - Truist Securities Daniel Moore - CJS Securities Noah Zatzkin - KeyBanc Capital Markets Craig Kennison - Baird Tristan Thomas-Martin - BMO Capital Markets Alex Perry - Bank of America Merrill Lynch Operator Good morning, ladies and gentlemen, and welcome to Patrick Industries Third Quarter 2024 Earnings Conference Call. My name is Joe, and I will be your operator for today's call.
- 10/31/2024
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Patrick Industries (PATK) Q3 Earnings and Revenues Miss Estimates
- Patrick Industries (PATK) came out with quarterly earnings of $1.80 per share, missing the Zacks Consensus Estimate of $1.83 per share. This compares to earnings of $1.81 per share a year ago.
- 10/31/2024
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Patrick Industries, Inc. Reports Third Quarter 2024 Financial Results
- 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%.
- 10/31/2024
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Patrick Industries, Inc. Announces Closing of $500 Million Senior Notes Offering and New Credit Facility
- ELKHART, Ind. , Oct. 24, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced the closing of its previously announced private offering of $500 million aggregate principal amount of 6.375% Senior Notes due 2032 (the "Notes"), at an issue price of 100% of the principal amount of the Notes, in a private placement exempt from registration under the Securities Act of 1933 (the "Securities Act") on October 22, 2024.
- 10/24/2024
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Patrick Industries, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call Webcast on October 31, 2024
- ELKHART, Ind. , Oct. 17, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that it will release its third quarter and nine months 2024 financial results before the market opens on Thursday, October 31, 2024.
- 10/17/2024
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Patrick Industries (PATK) Earnings Expected to Grow: Should You Buy?
- Patrick Industries (PATK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/17/2024
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Patrick Industries, Inc. Announces Pricing and Upsize of Private Offering of $500 Million of Senior Notes
- ELKHART, Ind. , Oct. 7, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced the pricing of its upsized private offering of $500 million aggregate principal amount of its 6.375% Senior Notes due 2032 (the "Notes") in a private placement exempt from registration under the Securities Act of 1933 (the "Securities Act").
- 10/07/2024
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Patrick Industries, Inc. Announces Private Offering of $400 Million of Senior Notes
- ELKHART, Ind. , Oct. 7, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced its intention to offer, subject to market conditions and other factors, $400 million aggregate principal amount of Senior Notes due 2032 (the "Notes") in a private placement exempt from registration under the Securities Act of 1933 ("Securities Act").
- 10/07/2024
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Patrick Industries to Participate in Upcoming D.A. Davidson Conference
- ELKHART, Ind. , Sept. 12, 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 D.A.
- 09/12/2024
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Patrick Industries, Inc. Completes Acquisition of RecPro - A Leading Aftermarket E-Commerce Platform for Outdoor Enthusiasts
- ELKHART, Ind. , Sept. 9, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, announced today that it has completed the acquisition of Bristol, Indiana-based ICON Direct, Inc., which operates as RecPro.com ("RecPro"), a leading e-commerce business and aftermarket platform specializing in creating and marketing component products, systems, and solutions for the RV and marine end markets.
- 09/09/2024
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ROCKFORD FOSGATE ANNOUNCES LEADERSHIP TRANSITION: BILL JACKSON TO BECOME SR. OPERATIONS BUSINESS ADVISOR AT PATRICK INDUSTRIES, ZACH LUKE APPOINTED AS PRESIDENT
- ROCKFORD FOSGATE® PASSES THE TORCH, PAVING THE WAY FOR CONTINUED STRENGTH AND INNOVATION FOR THE NEXT FUTURE. TEMPE, Ariz.
- 08/19/2024
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Patrick Industries, Inc. Declares Quarterly Cash Dividend
- ELKHART, Ind. , Aug. 16, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that on August 15, 2024, its Board of Directors (the "Board") declared a quarterly cash dividend on its common stock of $0.55 per share.
- 08/16/2024
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Patrick Industries, Inc. (PATK) Q2 2024 Earnings Call Transcript
- Patrick Industries, Inc. (NASDAQ:PATK ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Steve O'Hara - VP, IR Andy Nemeth - CEO Jeffrey Rodino - President Andrew Roeder - EVP, Finance, CFO, and Treasurer Conference Call Participants Daniel Moore - CJS Securities Michael Swartz - Truist Securities Craig Kennison - Baird Scott Stember - ROTH MKM Noah Zatzkin - KeyBanc Capital Markets Tristan Thomas-Martin - BMO Capital Markets Operator Good morning, ladies and gentlemen, and welcome to Patrick Industries Second Quarter 2024 Earnings Conference Call. My name is Rob and I'll be your operator for today's call.
- 08/03/2024
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Patrick Industries (PATK) Q2 Earnings and Revenues Surpass Estimates
- Patrick Industries (PATK) came out with quarterly earnings of $2.16 per share, beating the Zacks Consensus Estimate of $2.04 per share. This compares to earnings of $1.94 per share a year ago.
- 08/01/2024
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Patrick Industries, Inc. Reports Second Quarter 2024 Financial Results
- Second Quarter 2024 Highlights (compared to Second Quarter 2023 unless otherwise noted) Net sales increased 10% to $1.02 billion driven by a 17% increase in RV revenue, an 11% increase in Housing revenue, and our first quarter acquisition of Sportech, which together more than offset a 30% decline in Marine revenue. Operating margin increased 10 basis points to 8.3%.
- 08/01/2024
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Patrick Industries: With Key Markets Stabilizing, Shares Deserve More Upside
- Patrick Industries stock has increased 31.3% since last year, easily outperforming the broader market. While 2023 was weak, 2024 is showing signs of improvement, particularly on the firm's bottom line. Add on top of this how shares are priced, and the prospect of a continued recovery in key markets, and the company is worth considering.
- 07/29/2024
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Patrick Industries, Inc. Announces Second Quarter 2024 Earnings Release and Conference Call Webcast on August 1, 2024
- ELKHART, Ind. , July 18, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), today announced that it will release its second quarter and six months 2024 financial results before the market opens on Thursday, August 1, 2024.
- 07/18/2024
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Patrick Industries (PATK) Earnings Expected to Grow: What to Know Ahead of Q2 Release
- Patrick Industries (PATK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/18/2024
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Introducing the New Harley-Davidson® Audio Powered by Rockford Fosgate® 2024 Subwoofer System
- TEMPE, Ariz. , July 10, 2024 /PRNewswire/ -- Rockford Fosgate (www.rockfordfosgate.com), the industry leader in high-performance audio systems, is excited to introduce a 300-watt subwoofer system purpose-built to deliver true on-road bass performance.
- 07/10/2024
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Patrick Industries to Participate in Upcoming CJS Conference
- ELKHART, Ind. , July 2, 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 CJS Securities 24th Annual "New Ideas" Summer Conference on July 10, 2024.
- 07/02/2024
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Patrick Industries to Participate in Upcoming 2024 Baird Conference
- ELKHART, Ind. , May 28, 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 the upcoming Baird 2024 Global Consumer, Technology & Services Conference being held from June 4-6, 2024.
- 05/28/2024
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Patrick Industries, Inc. Declares Quarterly Cash Dividend
- ELKHART, Ind. , May 20, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that on May 16, 2024, its Board of Directors (the "Board") declared a quarterly cash dividend on its common stock of $0.55 per share.
- 05/20/2024
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Panagora Asset Management Inc. Purchases 323 Shares of The Progressive Co. (NYSE:PGR)
- Panagora Asset Management Inc. grew its position in The Progressive Co. (NYSE:PGR – Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,789 shares of the insurance provider’s stock after acquiring an additional 323 shares during the quarter. Panagora Asset Management Inc.’s holdings in Progressive were worth $2,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds have also modified their holdings of the company. Wellington Management Group LLP raised its stake in Progressive by 14.1% during the third quarter. Wellington Management Group LLP now owns 21,554,503 shares of the insurance provider’s stock valued at $3,002,542,000 after purchasing an additional 2,666,449 shares in the last quarter. Invesco Ltd. raised its position in shares of Progressive by 31.8% during the 3rd quarter. Invesco Ltd. now owns 4,781,075 shares of the insurance provider’s stock valued at $666,004,000 after buying an additional 1,154,591 shares in the last quarter. Parnassus Investments LLC raised its position in shares of Progressive by 102.9% during the 3rd quarter. Parnassus Investments LLC now owns 2,131,601 shares of the insurance provider’s stock valued at $296,932,000 after buying an additional 1,080,834 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Progressive in the 3rd quarter valued at about $88,528,000. Finally, Los Angeles Capital Management LLC grew its position in Progressive by 279.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 811,381 shares of the insurance provider’s stock worth $129,237,000 after acquiring an additional 597,401 shares in the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors. Progressive Trading Up 1.1 % NYSE PGR opened at $209.22 on Monday. The stock has a market cap of $122.54 billion, a P/E ratio of 21.41, a P/E/G ratio of 0.81 and a beta of 0.34. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.32. The Progressive Co. has a 12-month low of $111.41 and a 12-month high of $217.77. The company has a fifty day simple moving average of $208.37 and a two-hundred day simple moving average of $183.91. Progressive (NYSE:PGR – Get Free Report) last issued its quarterly earnings results on Friday, April 12th. The insurance provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $0.74. Progressive had a return on equity of 29.43% and a net margin of 8.89%. The company had revenue of $18.96 billion during the quarter, compared to analysts’ expectations of $16.88 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. On average, analysts forecast that The Progressive Co. will post 11.53 earnings per share for the current year. Progressive Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.19%. The ex-dividend date is Wednesday, July 3rd. Progressive’s payout ratio is 4.09%. Insider Transactions at Progressive In related news, insider Patrick K. Callahan sold 29,675 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $190.26, for a total transaction of $5,645,965.50. Following the completion of the transaction, the insider now directly owns 15,189 shares in the company, valued at $2,889,859.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Karen Bailo sold 8,464 shares of Progressive stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $189.49, for a total transaction of $1,603,843.36. Following the completion of the transaction, the insider now directly owns 32,342 shares of the company’s stock, valued at approximately $6,128,485.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Patrick K. Callahan sold 29,675 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $190.26, for a total transaction of $5,645,965.50. Following the sale, the insider now directly owns 15,189 shares in the company, valued at $2,889,859.14. The disclosure for this sale can be found here. Insiders have sold 46,500 shares of company stock worth $8,983,706 over the last 90 days. 0.34% of the stock is currently owned by company insiders. Wall Street Analysts Forecast Growth A number of equities research analysts have issued reports on PGR shares. UBS Group upped their price objective on Progressive from $216.00 to $218.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Piper Sandler reaffirmed an “overweight” rating and set a $240.00 price objective on shares of Progressive in a research note on Monday, April 1st. Wells Fargo & Company boosted their price objective on shares of Progressive from $232.00 to $238.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. The Goldman Sachs Group lifted their price target on shares of Progressive from $161.00 to $216.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. Finally, HSBC increased their price objective on shares of Progressive from $174.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $214.88. Get Our Latest Research Report on PGR Progressive Profile (Free Report) The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.
- 05/20/2024
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Mitsubishi UFJ Asset Management Co. Ltd. Purchases 595 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)
- Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Free Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,525 shares of the real estate investment trust’s stock after acquiring an additional 595 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.06% of Ryman Hospitality Properties worth $4,027,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently bought and sold shares of RHP. Vanguard Group Inc. increased its stake in shares of Ryman Hospitality Properties by 2.7% in the third quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock valued at $691,809,000 after buying an additional 216,137 shares in the last quarter. FMR LLC raised its position in shares of Ryman Hospitality Properties by 2.9% during the 3rd quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust’s stock valued at $341,230,000 after acquiring an additional 114,451 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ryman Hospitality Properties by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,713,128 shares of the real estate investment trust’s stock worth $142,669,000 after purchasing an additional 93,082 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ryman Hospitality Properties by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,021,858 shares of the real estate investment trust’s stock worth $85,100,000 after purchasing an additional 62,322 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Ryman Hospitality Properties by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 793,244 shares of the real estate investment trust’s stock valued at $87,305,000 after purchasing an additional 11,490 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades A number of brokerages have recently commented on RHP. Truist Financial upped their price target on Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, Raymond James upped their price target on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.00. Check Out Our Latest Analysis on RHP Insider Transactions at Ryman Hospitality Properties In related news, COO Patrick S. Chaffin sold 16,189 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the sale, the chief operating officer now directly owns 17,618 shares in the company, valued at approximately $2,109,579.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $119.74, for a total value of $1,938,470.86. Following the sale, the chief operating officer now owns 17,618 shares in the company, valued at $2,109,579.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Colin V. Reed bought 13,800 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the purchase, the chairman now directly owns 819,143 shares in the company, valued at approximately $87,156,815.20. The disclosure for this purchase can be found here. 3.00% of the stock is owned by company insiders. Ryman Hospitality Properties Trading Down 1.3 % Ryman Hospitality Properties stock opened at $105.37 on Monday. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a 50-day moving average of $110.74 and a 200-day moving average of $109.25. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 2.20 and a beta of 1.59. Ryman Hospitality Properties, Inc. has a one year low of $79.86 and a one year high of $122.91. Ryman Hospitality Properties Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, June 28th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%. About Ryman Hospitality Properties (Free Report) Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.
- 05/20/2024
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Swiss National Bank Reduces Stock Holdings in Certara, Inc. (NASDAQ:CERT)
- Swiss National Bank cut its position in shares of Certara, Inc. (NASDAQ:CERT – Free Report) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,400 shares of the company’s stock after selling 43,200 shares during the period. Swiss National Bank owned approximately 0.14% of Certara worth $3,877,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its holdings in Certara by 31.2% in the third quarter. Commonwealth Equity Services LLC now owns 19,055 shares of the company’s stock valued at $277,000 after acquiring an additional 4,528 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Certara by 16.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,117 shares of the company’s stock valued at $351,000 after purchasing an additional 3,482 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Certara by 19.2% in the 3rd quarter. M&T Bank Corp now owns 141,368 shares of the company’s stock valued at $2,055,000 after purchasing an additional 22,759 shares during the last quarter. EFG Asset Management North America Corp. purchased a new position in shares of Certara during the 3rd quarter worth $1,570,000. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of Certara during the 3rd quarter worth about $941,000. 73.96% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and Selling at Certara In other news, SVP Richard M. Traynor sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the transaction, the senior vice president now owns 173,524 shares in the company, valued at approximately $3,123,432. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP Richard M. Traynor sold 3,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the sale, the senior vice president now directly owns 173,524 shares of the company’s stock, valued at $3,123,432. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Patrick F. Smith sold 14,427 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $16.85, for a total value of $243,094.95. Following the transaction, the insider now directly owns 50,091 shares in the company, valued at approximately $844,033.35. The disclosure for this sale can be found here. 2.39% of the stock is currently owned by insiders. Certara Price Performance Shares of CERT opened at $16.08 on Monday. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of -41.23, a PEG ratio of 1.61 and a beta of 1.61. The firm’s fifty day simple moving average is $17.41 and its 200-day simple moving average is $16.66. Certara, Inc. has a twelve month low of $11.81 and a twelve month high of $22.65. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.27. Certara (NASDAQ:CERT – Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). Certara had a positive return on equity of 4.08% and a negative net margin of 17.02%. The business had revenue of $88.01 million for the quarter, compared to analysts’ expectations of $86.80 million. Equities analysts forecast that Certara, Inc. will post 0.29 EPS for the current fiscal year. Analyst Ratings Changes Several research analysts have weighed in on the stock. Barclays increased their target price on shares of Certara from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. UBS Group lifted their target price on shares of Certara from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Leerink Partnrs restated a “market perform” rating on shares of Certara in a research note on Monday, February 26th. Jefferies Financial Group lifted their price objective on Certara from $14.00 to $15.50 and gave the company a “hold” rating in a research note on Friday, March 1st. Finally, SVB Leerink started coverage on Certara in a research note on Monday, February 26th. They set a “market perform” rating and a $19.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Certara currently has a consensus rating of “Hold” and an average price target of $20.06. View Our Latest Research Report on CERT Certara Company Profile (Free Report) Certara, Inc, together with its subsidiaries, provides software products and technology-enabled services to customers for biosimulation in drug discovery, preclinical and clinical research, regulatory submissions, and market access in the United States and internationally. It offers solutions for model-informed drug development, as well as biosimulation solution used to predict both pharmacokinetics and pharmacodynamics.
- 05/20/2024
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Q2 2024 Earnings Estimate for The Progressive Co. Issued By William Blair (NYSE:PGR)
- The Progressive Co. (NYSE:PGR – Free Report) – Equities researchers at William Blair increased their Q2 2024 earnings estimates for Progressive in a research report issued to clients and investors on Wednesday, May 15th. William Blair analyst A. Klauber now expects that the insurance provider will post earnings per share of $2.36 for the quarter, up from their previous estimate of $1.97. The consensus estimate for Progressive’s current full-year earnings is $11.53 per share. William Blair also issued estimates for Progressive’s Q2 2025 earnings at $2.46 EPS and FY2025 earnings at $12.95 EPS. Progressive (NYSE:PGR – Get Free Report) last issued its earnings results on Friday, April 12th. The insurance provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.74. Progressive had a net margin of 8.89% and a return on equity of 29.43%. The firm had revenue of $18.96 billion for the quarter, compared to analysts’ expectations of $16.88 billion. During the same quarter last year, the company posted $0.65 earnings per share. Progressive’s revenue was up 17.7% on a year-over-year basis. PGR has been the topic of a number of other research reports. The Goldman Sachs Group raised their price objective on shares of Progressive from $161.00 to $216.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. UBS Group lifted their price target on shares of Progressive from $216.00 to $218.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Citigroup lifted their price target on shares of Progressive from $202.00 to $225.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Roth Mkm lifted their price target on shares of Progressive from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, HSBC lifted their price objective on shares of Progressive from $174.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $214.88. View Our Latest Stock Analysis on PGR Progressive Stock Performance Shares of NYSE PGR opened at $209.22 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $208.37 and its two-hundred day moving average price is $183.91. Progressive has a 52-week low of $111.41 and a 52-week high of $217.77. The stock has a market capitalization of $122.54 billion, a P/E ratio of 21.41, a P/E/G ratio of 0.81 and a beta of 0.34. Progressive Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, July 3rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Wednesday, July 3rd. Progressive’s dividend payout ratio (DPR) is presently 4.09%. Insider Buying and Selling In related news, insider Steven Broz sold 7,361 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $207.25, for a total value of $1,525,567.25. Following the completion of the transaction, the insider now owns 35,503 shares of the company’s stock, valued at $7,357,996.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Patrick K. Callahan sold 29,675 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $190.26, for a total transaction of $5,645,965.50. Following the completion of the sale, the insider now owns 15,189 shares of the company’s stock, valued at $2,889,859.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Steven Broz sold 7,361 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $207.25, for a total transaction of $1,525,567.25. Following the sale, the insider now directly owns 35,503 shares of the company’s stock, valued at approximately $7,357,996.75. The disclosure for this sale can be found here. Insiders sold 46,500 shares of company stock valued at $8,983,706 over the last quarter. Corporate insiders own 0.34% of the company’s stock. Institutional Trading of Progressive Hedge funds have recently modified their holdings of the company. Sachetta LLC bought a new position in Progressive in the fourth quarter valued at approximately $25,000. Northwest Bank & Trust Co bought a new position in shares of Progressive during the fourth quarter worth $25,000. Valley National Advisers Inc. boosted its position in shares of Progressive by 143.6% during the fourth quarter. Valley National Advisers Inc. now owns 190 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 112 shares in the last quarter. Indiana Trust & Investment Management CO bought a new position in shares of Progressive during the first quarter worth $32,000. Finally, Register Financial Advisors LLC bought a new position in shares of Progressive during the first quarter worth $35,000. Institutional investors and hedge funds own 85.34% of the company’s stock. About Progressive (Get Free Report) The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.
- 05/20/2024
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Q2 2024 Earnings Estimate for The Progressive Co. (NYSE:PGR) Issued By Roth Capital
- The Progressive Co. (NYSE:PGR – Free Report) – Investment analysts at Roth Capital increased their Q2 2024 earnings per share (EPS) estimates for Progressive in a research note issued on Thursday, May 16th. Roth Capital analyst H. Fong now anticipates that the insurance provider will post earnings of $2.38 per share for the quarter, up from their prior forecast of $2.00. The consensus estimate for Progressive’s current full-year earnings is $11.53 per share. Roth Capital also issued estimates for Progressive’s Q3 2024 earnings at $2.26 EPS, FY2024 earnings at $11.00 EPS and Q2 2025 earnings at $2.19 EPS. Other research analysts have also recently issued reports about the company. UBS Group boosted their target price on Progressive from $216.00 to $218.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Wells Fargo & Company boosted their target price on Progressive from $232.00 to $238.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. BMO Capital Markets boosted their target price on Progressive from $234.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Progressive from $171.00 to $202.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, Jefferies Financial Group boosted their target price on Progressive from $241.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $214.88. Check Out Our Latest Stock Report on Progressive Progressive Stock Up 1.1 % Shares of Progressive stock opened at $209.22 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.32. Progressive has a 12 month low of $111.41 and a 12 month high of $217.77. The business has a fifty day simple moving average of $208.37 and a 200 day simple moving average of $183.91. The stock has a market cap of $122.54 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 0.81 and a beta of 0.34. Progressive (NYSE:PGR – Get Free Report) last released its earnings results on Friday, April 12th. The insurance provider reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.74. The company had revenue of $18.96 billion during the quarter, compared to the consensus estimate of $16.88 billion. Progressive had a return on equity of 29.43% and a net margin of 8.89%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. Institutional Trading of Progressive Large investors have recently made changes to their positions in the company. Sachetta LLC acquired a new stake in shares of Progressive in the 4th quarter valued at $25,000. Northwest Bank & Trust Co bought a new position in Progressive in the fourth quarter valued at about $25,000. Valley National Advisers Inc. lifted its holdings in shares of Progressive by 143.6% in the fourth quarter. Valley National Advisers Inc. now owns 190 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 112 shares during the last quarter. Indiana Trust & Investment Management CO acquired a new stake in shares of Progressive in the 1st quarter valued at approximately $32,000. Finally, Register Financial Advisors LLC bought a new stake in shares of Progressive during the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 85.34% of the company’s stock. Insiders Place Their Bets In other news, insider Patrick K. Callahan sold 29,675 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $190.26, for a total value of $5,645,965.50. Following the completion of the sale, the insider now directly owns 15,189 shares of the company’s stock, valued at $2,889,859.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Patrick K. Callahan sold 29,675 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $190.26, for a total value of $5,645,965.50. Following the completion of the sale, the insider now directly owns 15,189 shares in the company, valued at approximately $2,889,859.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karen Bailo sold 8,464 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $189.49, for a total value of $1,603,843.36. Following the transaction, the insider now owns 32,342 shares in the company, valued at approximately $6,128,485.58. The disclosure for this sale can be found here. Insiders have sold a total of 46,500 shares of company stock valued at $8,983,706 over the last 90 days. 0.34% of the stock is currently owned by insiders. Progressive Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, July 3rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Wednesday, July 3rd. Progressive’s dividend payout ratio (DPR) is presently 4.09%. Progressive Company Profile (Get Free Report) The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.
- 05/20/2024
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Patrick Industries, Inc. (PATK) Q1 2024 Earnings Call Transcript
- Patrick Industries, Inc. (NASDAQ:PATK ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Steve O'Hara - Vice President of Investor Relations Andy Nemeth - Chief Executive Officer Jeffrey Rodino - President Andrew Roeder - Executive Vice President, Finance, Chief Financial Officer, and Treasurer Kip Ellis - Executive Vice President, Operations and Chief Operating Officer Matt Filer - Senior Vice President, Finance Conference Call Participants Michael Swartz - Truist Securities Scott Stember - ROTH MKM Noah Zatzkin - KeyBanc Capital Markets Tristan Thomas-Martin - BMO Capital Markets Craig Kennison - Baird Daniel Moore - CJS Securities, Inc. Brandon Rolle - D.A. Davidson & Co. Alex Perry - BofA Securities Operator Good morning, ladies and gentlemen, and welcome to Patrick Industries First Quarter 2024 Earnings Conference Call.
- 05/05/2024
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Patrick Industries: An Acquisitions Masterclass For Long-Term Growth
- Patrick Industries is a leading provider of components to recreational vehicles, marine, manufactured housing and various industrial markets. The company has achieved outstanding growth in the past 10 years: 38.8% CAGR in free cash flow, 19.28% CAGR in revenues and 20.71% CAGR in EPS to name a few. The balance sheet is fairly clean: current ratio above 2x in the last decade and a net leverage ratio on track to the 2.25-2.5 desired range.
- 05/04/2024
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Patrick Industries (PATK) Beats Q1 Earnings and Revenue Estimates
- Patrick Industries (PATK) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $1.35 per share a year ago.
- 05/02/2024
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Patrick Industries, Inc. Reports First Quarter 2024 Financial Results
- First Quarter 2024 Highlights (compared to First Quarter 2023 unless otherwise noted) Net sales increased 4% to $933 million driven by a 15% increase in RV revenue, a 5% increase in housing revenue, and acquisitions, which together more than offset lower marine revenue. As previously announced, Patrick completed the acquisition of Sportech, LLC, a supplier of high-value component solutions to the powersports industry on January 24th, representing the Company's largest acquisition to date.
- 05/02/2024
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Patrick Industries, Inc. Announces First Quarter 2024 Earnings Release and Conference Call Webcast on May 2, 2024
- ELKHART, Ind. , April 18, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), today announced that it will release its first quarter 2024 financial results before the market opens on Thursday, May 2, 2024.
- 04/18/2024
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Analysts Estimate Patrick Industries (PATK) to Report a Decline in Earnings: What to Look Out for
- Patrick Industries (PATK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/18/2024
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Is Patrick Industries (PATK) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/18/2024
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Down -8.63% in 4 Weeks, Here's Why You Should You Buy the Dip in Patrick Industries (PATK)
- Patrick Industries (PATK) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
- 04/18/2024
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PATK, MIR: Stocks to Watch in the Current Bull Market
- Nancy Prial evaluates the current bull market and discusses the outlook for small caps. She then goes over her stock picks which include Patrick Industries (PATK) and Mirion Technologies (MIR).
- 04/04/2024
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Patrick Industries to Participate in Upcoming 2024 Roth Conference
- ELKHART, Ind., March 13, 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 the upcoming 36th Annual Roth Conference from March 17, 2024 to March 19, 2024.
- 03/13/2024
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ROCKFORD FOSGATE® APPOINTS DOUG DOBSON AS DIGITAL APPLICATION MANAGER
- 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.
- 03/05/2024
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ROCKFORD FOSGATE® APPOINTS DEREK SCHMIEDL AS DIRECTOR OF INTEGRATION
- TEMPE, Ariz. , March 5, 2024 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is excited to announce the addition of Derek Schmiedl as Director of Integration.
- 03/05/2024
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Patrick Industries, Inc. Appoints Andy Roeder as Executive Vice President-Finance and Chief Financial Officer
- ELKHART, Ind. , March 5, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, announced today that it has appointed Andy Roeder as Executive Vice President-Finance, Chief Financial Officer ("CFO"), and Treasurer of the Company, effective March 5.
- 03/05/2024
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Patrick Industries, Inc. (PATK) Hits Fresh High: Is There Still Room to Run?
- Patrick Industries (PATK) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 02/09/2024
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Patrick Industries, Inc. (PATK) Q4 2023 Earnings Call Transcript
- Patrick Industries, Inc. (PATK) Q4 2023 Earnings Call Transcript
- 02/08/2024
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Patrick Industries (PATK) Q4 Earnings Surpass Estimates
- Patrick Industries (PATK) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.82 per share a year ago.
- 02/08/2024
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Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results and Declares Quarterly Cash Dividend
- Fourth Quarter and Full Year 2023 Highlights (compared to Fourth Quarter 2022 unless otherwise noted) Fourth quarter net sales of $781 million decreased 18% as a result of lower OEM wholesale unit shipments in our end markets and lower pricing passed on to our customers to reflect changes in certain commodity costs. Fourth quarter and full year 2023 diluted earnings per share (EPS) was $1.41 and $6.50, respectively.
- 02/08/2024
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3 Reasons Why Growth Investors Shouldn't Overlook Patrick Industries (PATK)
- Patrick Industries (PATK) could produce exceptional returns because of its solid growth attributes.
- 02/07/2024
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Should Value Investors Buy Patrick Industries (PATK) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 02/07/2024
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Patrick Industries is an incredibly well-run company, says Essex Investment's Nancy Prial
- Nancy Prial, co-CEO and senior portfolio manager at Essex Investment Management, joins 'The Exchange' to discuss why she believes the economic drivers are favoring small-cap stocks, her favorite stock names right now, and more.
- 02/01/2024
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Patrick (PATK) to Buy Sportech, Expand Outdoor Enthusiast Space
- Patrick (PATK) boosts powersports presence with the strategic Sportech buyout.
- 01/12/2024
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Patrick Industries: A Good Player Pricing In A Recovery In 2024
- Shares of Patrick Industries have recently reached all-time highs around $100 per share. The company has experienced strong long-term growth and success in the RV, manufactured homes, and marine industries, while 2023 was a tough year. Following a big and recent rally, I am awaiting a potential dip before considering an investment.
- 01/07/2024
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Patrick Industries (PATK) Surges 5.7%: Is This an Indication of Further Gains?
- Patrick Industries (PATK) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
- 12/20/2023
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Patrick (PATK) Impresses Investors With 22% Dividend Hike
- Patrick Industries' (PATK) regular dividend hikes boost shareholder value.
- 11/20/2023
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Patrick Industries (PATK) Q3 Earnings and Revenues Surpass Estimates
- Patrick Industries (PATK) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.72 per share. This compares to earnings of $2.43 per share a year ago.
- 10/26/2023
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Patrick's (PATK) Rockford Partners With Thumper Fabrication
- Rockford Patrick, a subsidiary company of Patrick (PATK), partners with Thumper Fabrication to expand its SXS and UTV presence.
- 10/16/2023
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Patrick Industries: High-Quality Business With Attractive Valuation
- Patrick Industries is a component solutions provider for various industries, including recreational vehicles and manufactured housing. The stock has rallied 23% year-to-date and is currently very attractively valued. According to a DCF simulation, the business is undervalued with an upside potential of 65%.
- 10/03/2023
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7 Stocks to Buy that Wall Street Has Forgotten About
- While time in the market usually beats out timing the market, one can certainly appreciate the desire of holding out for underrated stocks to buy. Specifically, even with the latest rumblings in the equities space, the benchmark S&P 500 index offers well into double-digit returns so far this year.
- 08/08/2023
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7 ‘Strong Buy' Value Stocks You Should Be Loading Up On Now
- Inherently, investors gravitate toward strong buy value stocks, in much the same way that audience members of a horror film might grip their armrests. As humans, we're basically hardwired – especially in the modern age – to respond positively to discounts.
- 08/03/2023
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Patrick Industries (PATK) Q2 Earnings Top Estimates
- Patrick Industries (PATK) came out with quarterly earnings of $1.94 per share, beating the Zacks Consensus Estimate of $1.89 per share. This compares to earnings of $5.31 per share a year ago.
- 07/27/2023
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The 7 Growth Stocks You Need to Own Now for Maximum Returns
- Although recent headwinds like stubbornly high inflation and the banking sector crisis knocked the wind out of several publicly traded enterprises, a select number of hardened survivors potentially represent growth stocks to buy now. Using Gurufocus, all the companies below feature (on a per-share basis) five-year and ten-year growth rates of 20% and 15%, respectively.
- 05/17/2023
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7 Growth Stocks That Are Too Cheap to Ignore Right Now
- Although the equities sector recovered reasonably well from 2022's harsh glare, rising headwinds force consideration of cheap growth stocks to buy now. Essentially, some enterprises with upside potential may be overlooked by other investors, presenting contrarian opportunities.
- 05/10/2023
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Patrick Industries: An Attractive Valuation Makes This Compounder A Buy
- Patrick Industries: An Attractive Valuation Makes This Compounder A Buy.
- 04/25/2023
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Patrick Industries: Recent Weakness Does Not Negate Upside
- Although 2022 was a great year for Patrick Industries, the final quarter of the year was a time of weakness. This may be painful to the bullish case for some investors, but the company is already doing well on that front.
- 02/20/2023
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Why Patrick Industries Is A Solid Investment Opportunity
- With its solid track record of growth and profitability, Patrick Industries has established itself as a leading supplier in the RV and marine industries. The company's stock performance has underperformed the S&P 500's total return significantly over the past five years, leaving investors disappointed.
- 02/19/2023
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Patrick Industries, Inc. (PATK) Q4 2022 Earnings Call Transcript
- Patrick Industries, Inc. (NASDAQ:PATK ) Q4 2022 Earnings Conference Call February 9, 2023 10:00 AM ET Company Participants Steve O'Hara - Vice President, Investor Relations Andy Nemeth - Chief Executive Officer Jeff Rodino - President Jake Petkovich - Chief Financial Officer Conference Call Participants Scott Stember - ROTH MKM Partners Mike Swartz - Truist Securities Daniel Moore - CJS Securities Craig Kennison - Baird Rafe Jadrosich - Bank of America Operator Good morning, ladies and gentlemen, and welcome to Patrick Industries' Fourth Quarter 2022 Earnings Conference Call. My name is Latanya, and I'll be your operator for today's call.
- 02/09/2023
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Patrick Industries (PATK) Beats Q4 Earnings and Revenue Estimates
- Patrick Industries (PATK) delivered earnings and revenue surprises of 6.43% and 2.79%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/09/2023
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5 Undervalued Predictable Consumer Cyclical Stocks for 2023
- Market indexes rose on Thursday morning as the Consumer Price Index report for December fell in line with economists' expectations and indicated inflation may be cooling off.
- 01/12/2023
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Manufactured Housing: Recession-Resistant REITs
- Manufactured Housing REITs snapped an incredible streak of nine straight years of outperformance over the REIT Index in 2022, impacted by headwinds from higher interest rates and hurricane-related disruptions. Despite their REIT-leading growth rates, Manufactured Housing ("MH") REITs have historically been among the most interest rate-sensitive sectors due to their counter-cyclical demand profile and remarkable operational consistency.
- 01/10/2023
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Primer Series: Patrick Industries - A Successful Serial Acquirer With Attractive End Markets
- Patrick's end markets are cyclical, but have stable oligopolistic structures and consistent histories of solid value creation for shareholders. From a strategic point of view, PATK's business strengths are switching costs, process power and, less so, economies of scale.
- 12/08/2022
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Patrick Industries: Dividend Has Enormous Upside Potential
- Following an extraordinary 2021 and 2022, Patrick Industries' both margins and net sales are expected to stabilize below current levels. The share price declined by ~44% from all-time highs.
- 11/11/2022
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Patrick Industries, Inc. (PATK) Q3 2022 Earnings Call Transcript
- Patrick Industries, Inc. (NASDAQ:PATK ) Q3 2022 Earnings Conference Call October 27, 2022 10:00 AM ET Company Representatives Andy Nemeth - Chief Executive Officer Jeff Rodino - President Jake Petkovich - Chief Financial Officer Steve O'Hara - Vice President, Investor Relations Conference Call Participants Scott Stember - MKM Partners Daniel Moore - CJS Securities Rafe Jadrosich - Bank of America Operator Good morning ladies and gentlemen. Welcome to Patrick Industries, Third Quarter 2022 Earnings Conference Call.
- 10/27/2022
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Is Patrick Industries (PATK) a Suitable Value Investor Stock?
- Let's see if Patrick Industries (PATK) stock is a good choice for value-oriented investors right now from multiple angles.
- 09/28/2022
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Are Investors Undervaluing Patrick Industries (PATK) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 09/21/2022
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5 Low Price-to-Book Stocks Suitable for Value Investors
- The P/B ratio helps to identify low-priced stocks that have high growth prospects. BorgWarner (BWA), Phillips 66 (PSX), The GEO Group (GEO), Patrick Industries (PATK) and Ford Motor Company (F) are some such stocks.
- 09/20/2022
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4 Low Price-to-Cash Flow Stocks to Weather Market Volatility
- Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. Unum Group (UNM), Harley-Davidson (HOG), EPR Properties (EPR) and Patrick Industries (PATK) boast a low P/CF ratio.
- 09/16/2022
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Are the Glory Days for the RV Industry Coming to an End?
- RV shipments for 2022 are envisioned in the band of 487,300-510,300 units, down from the prior guidance of 537,800-561,900 units and implying around 17% year-over-year decline at the midpoint of the guided range.
- 09/13/2022
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4 Dividend-Paying Construction Stocks for a Stable Portfolio
- No matter how volatile the global markets are, these construction companies ensure stable payouts.
- 09/09/2022
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Is Patrick Industries (PATK) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 09/05/2022
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Pick These 4 Low P/CF Stocks to Garner Superior Returns
- Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. Unum (UNM), ArcBest (ARCB), Vishay Intertechnology (VSH) and Patrick Industries (PATK) boast low P/CF ratios.
- 09/02/2022
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Tap 5 Bargain Stocks With Incredibly Low EV/EBITDA Ratios
- We have screened bargain stocks CVLG, TA, SPTN, GEF and PATK based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
- 08/25/2022
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How Much Upside is Left in Patrick Industries (PATK)? Wall Street Analysts Think 28%
- The consensus price target hints at a 28.1% upside potential for Patrick Industries (PATK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 08/23/2022
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These 4 Low Price-to-Cash Flow Stocks Have Winning Potential
- Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. Unum (UNM), ArcBest (ARCB), Vishay Intertechnology (VSH) and Patrick Industries, (PATK) boast low P/CF ratios.
- 08/22/2022
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Is Patrick Industries (PATK) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/19/2022
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Adding To My Patrick Industries Position
- Although the shares are up nicely since I last wrote about this name, the valuation is even more compelling. Additionally, I think the dividend remains very well covered. Although the RV market may be volatile, I think the positive tailwinds remain intact here. In spite of this, the shares are priced wonderfully pessimistically in my view.
- 08/16/2022
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11 Consumer Stocks for Inflationary Times
- U.S. inflation hit a four-decade peak in June, with prices rising roughly 9.1% according to the U.S. Bureau of Labor Statistics. That has understandably rattled investors who are worried about cutbacks in spending as Americans look to fend off the pain at the gas pump and grocery aisle.
- 08/08/2022
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Should Value Investors Buy Patrick Industries (PATK) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/03/2022
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Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q2 2022 Results - Earnings Call Transcript
- Patrick Industries, Inc. (NASDAQ:PATK ) Q2 2022 Earnings Conference Call July 28, 2022 10:00 AM ET Company Participants Julie Ann Kotowski - Director, IR Andy Nemeth - CEO Jeffrey Rodino - President Jake Petkovich - CFO Conference Call Participants Brett Andress - KeyBanc Craig Kennison - Baird Scott Stember - MKM Partners Daniel Moore - CJS Securities Michael Swartz - Truist Securities Rafe Jadrosich - Bank of America Operator Good morning, ladies and gentlemen, and welcome to Patrick Industries Second Quarter 2022 Earnings Conference Call. My name is Robert, and I'll be your operator for today's call.
- 07/30/2022
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Patrick Industries, Inc. Announces Second Quarter 2022 Earnings Release and Conference Call Webcast on July 28, 2022
- ELKHART, Ind., July 14, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that it expects to release its second quarter and six months 2022 financial results before the market opens on Thursday, July 28, 2022.
- 07/14/2022
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New Strong Sell Stocks for July 5th
- AA, EQX, and PATK have been added to the Zacks Rank #5 (Strong Sell) List on July 5, 2022.
- 07/05/2022
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4 Stocks With Low Price-to-Cash Flow Ratio to Buy Now
- Value investing is essentially about selecting stocks that are usually cheap but fundamentally sound. Vishay Intertechnology (VSH), Celestica (CLS), ASGN Incorporated (ASGN) and Patrick Industries (PATK) boast a low P/CF ratio.
- 06/13/2022
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Best Growth Stocks to Buy for June 10th
- AVT, IMO and PATK made it to the Zacks Rank #1 (Strong Buy) growth stocks list on June 10, 2022.
- 06/10/2022
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Best Value Stocks to Buy for June 10th
- SBLK, PATK, and AAN made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 10, 2022.
- 06/10/2022
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Are Investors Undervaluing Patrick Industries (PATK) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/26/2022
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7 High-Risk, High-Reward Small-Cap Stocks to Buy Now
- Many small-cap stocks in the S&P 600 Small Cap Index aren't big names, but they have the change of bringing big rewards. The post 7 High-Risk, High-Reward Small-Cap Stocks to Buy Now appeared first on InvestorPlace.
- 05/13/2022
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New Analysts Initiate Coverage: Top 5 Stocks on Radar
- Increased analyst coverage over the past few weeks may lead to solid price appreciation for stocks like Bancolombia (CIB), Lantheus (LNTH), A-Mark (AMRK), Patrick (PATK) and LCI (LCII).
- 05/13/2022
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KBR Secures Green Ammonia Technology Deal for Japan's JGC
- The latest contract is likely to enable KBR to utilize its green ammonia technology for Japan's NEDO project to decarbonize our planet.
- 05/12/2022
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Can Patrick Industries (PATK) Run Higher on Rising Earnings Estimates?
- Patrick Industries (PATK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 05/04/2022
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Wall Street Analysts Believe Patrick Industries (PATK) Could Rally 54%: Here's is How to Trade
- The average of price targets set by Wall Street analysts indicates a potential upside of 53.6% in Patrick Industries (PATK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
- 05/04/2022
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Best Value Stocks to Buy for May 4th
- PANL, GASS, and PATK made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 4, 2022.
- 05/04/2022
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New Strong Buy Stocks for May 4th
- WIRE, CNX, PATK, BZH, and GASS have been added to the Zacks Rank #1 (Strong Buy) List on May 4, 2022.
- 05/04/2022
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Patrick Industries Inc (PATK) CEO Andy Nemeth on Q1 2022 Results - Earnings Call Transcript
- Patrick Industries Inc (NASDAQ:PATK ) Q1 2022 Results Conference Call April 28, 2022 10:00 AM ET Company Participants Julie Ann Kotowski - Director, IR Andy Nemeth - CEO Jeff Rodino - President Jake Petkovich - CFO Conference Call Participants Brett Andress – KeyBanc Daniel Moore - CJS Securities Mike Swartz - Truist Securities Rafe Jadrosich - Bank of America Julie Ann Kotowski Good morning, everyone, and welcome to our call this morning. I am joined on the call today by Andy Nemeth, CEO; Jeff Rodino, President; and Jake Petkovich, CFO.
- 04/30/2022
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Patrick Industries (PATK) Q1 Earnings and Revenues Beat Estimates
- Patrick Industries (PATK) delivered earnings and revenue surprises of 57.09% and 11.93%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 04/28/2022
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Patrick Industries (PATK) Reports Next Week: Wall Street Expects Earnings Growth
- Patrick Industries (PATK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/21/2022
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Patrick Industries, Inc. Announces First Quarter 2022 Earnings Release and Conference Call Webcast on April 28, 2022
- ELKHART, Ind. , April 14, 2022 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that it expects to release its first quarter 2022 financial results before the market opens on Thursday, April 28, 2022.
- 04/14/2022
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Best Value Stocks to Buy for April 5th
- PATK, ASO, and GIII made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 5, 2022.
- 04/05/2022
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Should Value Investors Buy Patrick Industries (PATK) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/21/2022
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Is Patrick Industries (PATK) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/04/2022
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Can Patrick Industries (PATK) Climb 50% to Reach the Level Wall Street Analysts Expect?
- The consensus price target hints at a 49.6% upside potential for Patrick Industries (PATK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 02/18/2022
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New Strong Buy Stocks for February 15th
- BCC, COLM, DIOD, PATK, and TGH have been added to the Zacks Rank #1 (Strong Buy) List on February 15, 2022.
- 02/15/2022
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Best Value Stocks to Buy for February 15th
- CPG, TGH, and PATK made it to the Zacks Rank #1 (Strong Buy) value stocks list on February 15, 2022
- 02/15/2022
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Best Income Stocks to Buy for February 15th
- TGH, PATK, and COLM made it to the Zacks Rank #1 (Strong Buy) income stocks list on February 15, 2022
- 02/15/2022
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Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q4 2021 Results - Earnings Call Transcript
- Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q4 2021 Results - Earnings Call Transcript
- 02/10/2022
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Patrick Industries (PATK) Q4 Earnings and Revenues Surpass Estimates
- Patrick Industries (PATK) delivered earnings and revenue surprises of 24.39% and 9.44%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/10/2022
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Patrick Industries (PATK) Earnings Expected to Grow: Should You Buy?
- Patrick Industries (PATK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 02/03/2022
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Patrick Industries Boosts Stock Buyback Authorization
- Patrick Industries Inc (NASDAQ: PATK) said its Board of Directors had approved an increase in its current share buyback program to $100 million. The approval also includes the $11.0 million remaining under the previous authorization.
- 02/01/2022
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Patrick Industries: A Quality Company At A Cheap Price
- Patrick Industries has consistently grown its top line and that trend remains unchanged when looking at recent financial performance. Cash flow has also been generally positive and moving in the right direction for investors to like.
- 01/24/2022
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Patrick Industries: Cashing In on Leisure and Housing Tailwinds
- Fewer value stocks have been available since the Covid-19 pandemic recovery took hold. Still, 161 of them currently have valuations low enough to make it through the Undervalued Predictable screener at GuruFocus.
- 01/07/2022
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Dana Incorporated: A Solid Play For Value Investors
- Dana Incorporated: A Solid Play For Value Investors
- 01/03/2022
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RVs Had a Great 2021; More Room to Grow?
- RVing seems to be quite the trend today and investors can make the most of it.
- 12/10/2021
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How Much Upside is Left in Patrick Industries (PATK)? Wall Street Analysts Think 26%
- The average of price targets set by Wall Street analysts indicates a potential upside of 26.2% in Patrick Industries (PATK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
- 11/15/2021
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Patrick (PATK) Cheers Investors With 18% Dividend Increase
- Patrick Industries (PATK) raises dividend to boost shareholder value.
- 11/15/2021
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Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q3 2021 Results - Earnings Call Transcript
- Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q3 2021 Results - Earnings Call Transcript
- 10/28/2021
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Patrick Industries: A Growth Play at a Discount Valuation
- Patrick Industries Inc. ( PATK , Financial) looks appealing as a value investment. The company manufactures and distributes building products and materials, primarily for the recreational vehicle and manufactured housing end markets.
- 10/15/2021
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Patrick Industries, Inc. Announces Third Quarter 2021 Earnings Release and Conference Call Webcast on October 28, 2021
- ELKHART, Ind., Oct. 14, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that it expects to release its third quarter and nine months 2021 financial results before the market opens on Thursday, October 28, 2021.
- 10/14/2021
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Manufactured Housing: A Rare Opportunity
- Despite reporting stellar results throughout the year, Manufactured Housing REITs' remarkable streak of eight straight years of outperformance over the REIT Index is suddenly in doubt entering the fourth quarter. Pressured by concerns over rising rates, inflation, and the broader rotation from growth into value, MH REITs have pulled back into "correction territory" for just the third time over the past decade.
- 10/05/2021
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Is Patrick Industries (PATK) Stock Outpacing Its Construction Peers This Year?
- Is (PATK) Outperforming Other Construction Stocks This Year?
- 09/27/2021
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Patrick (PATK) Acquires Tumacs, Boosts Marine Products
- Patrick Industries (PATK) acquires Tumacs Covers, thereby enhancing its marine line of products.
- 08/31/2021
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Patrick Industries, Inc. Completes Acquisition of Tumacs Covers
- ELKHART, Ind., Aug. 30, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Tumacs Covers ("Tumacs"), a leading manufacturer of custom designed boat covers, canvas frames, and bimini tops, primarily serving marine OEMs and dealers.
- 08/30/2021
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Patrick Industries (PATK) Just Overtook the 20-Day Moving Average
- Good things could be on the horizon when a stock surpasses the 20-day simple moving average. How should investors react?
- 08/24/2021
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4 Stocks to Make the Most of a Sustained Demand for RVs
- Invest in stocks like Skyline Champion (SKY), Patrick Industries (PATK), Cavco Industries (CVCO) and Winnebago Industries (WGO) as demand for RVs in the United States continues to rise.
- 08/24/2021
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Is Patrick Industries (PATK) Outperforming Other Construction Stocks This Year?
- Is (PATK) Outperforming Other Construction Stocks This Year?
- 08/19/2021
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Patrick Industries Boosts Buyback Authorization To $50M, Declares Dividend
- Patrick Industries Inc's (NASDAQ: PATK) board of directors has authorized an increase in the share repurchase program to $50.0 million, including the $14.4 million remaining under the previous authorization. The company to repurchase the shares over the next 24 months.
- 08/13/2021
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Patrick Industries, Inc. Announces Declaration of Quarterly Cash Dividend and Increased Share Repurchase Authorization
- ELKHART, Ind., Aug. 13, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) (the "Company") announced that on August 12, 2021, its Board of Directors (the "Board") declared a quarterly cash dividend on its common stock of $0.28 per share.
- 08/13/2021
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Why Patrick Industries (PATK) Might be Well Poised for a Surge
- Patrick Industries (PATK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 08/09/2021
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Patrick Industries, Inc. Completes Acquisition of Coyote Mfg. Co.
- ELKHART, Ind., Aug. 9, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Nashville, Georgia-based Coyote Mfg.
- 08/09/2021
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This Overlooked Segment of the Construction Sector Is Going Great Guns
- With summer travel around the corner, RVs are a great place to park your money.
- 08/05/2021
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Is Patrick Industries (PATK) Outperforming Other Construction Stocks This Year?
- Is (PATK) Outperforming Other Construction Stocks This Year?
- 08/03/2021
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Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q2 2021 Results - Earnings Call Transcript
- Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q2 2021 Results - Earnings Call Transcript
- 08/01/2021
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Patrick Industries (PATK) Q2 Earnings and Revenues Top Estimates
- Patrick Industries (PATK) delivered earnings and revenue surprises of 37.70% and 16.06%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 07/29/2021
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Patrick Industries, Inc. Reports Second Quarter 2021 Financial Results
- ELKHART, Ind., July 29, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK), a leading component solutions provider for the RV, marine, manufactured housing ("MH") and industrial markets today reported financial results for the second quarter ended June 27, 2021.
- 07/29/2021
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Patrick (PATK) to Post Q2 Earnings: What's in the Offing?
- Patrick's (PATK) second-quarter results are likely to benefit from strong demand in RV and marine markets.
- 07/27/2021
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6 Homebuilder Stocks to Avoid While the Real Estate Market Runs Hot
- The housing market may be booming but that doesn't mean all homebuilders are experiencing the same types of success. The post 6 Homebuilder Stocks to Avoid While the Real Estate Market Runs Hot appeared first on InvestorPlace.
- 07/26/2021
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Patrick Industries, Inc. Announces Second Quarter 2021 Earnings Release and Conference Call Webcast on July 29, 2021
- ELKHART, Ind., July 15, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of building and component products for the recreational vehicle, marine, manufactured housing and industrial markets, expects to release its second quarter and six months 2021 financial results before the market opens on Thursday, July 29, 2021.
- 07/15/2021
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Patrick Industries, Inc. Announces Promotion of Jeffrey M. Rodino to President
- ELKHART, Ind., July 13, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that Jeffrey M.
- 07/13/2021
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New Strong Buy Stocks for June 25th
- New Strong Buy Stocks for June 25th
- 06/25/2021
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After Plunging 14.7% in 4 Weeks, Here's Why the Trend Might Reverse for Patrick Industries (PATK)
- Patrick Industries (PATK) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
- 06/22/2021
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4 RV Stocks to Gain as Americans Continue to Hit the Road
- Invest in the likes of Skyline Champion (SKY), Thor Industries (THO), Winnebago Industries (WGO) and Patrick Industries (PATK) as Americans continue to adopt RVs for traveling conveniently.
- 06/21/2021
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Top Ranked Value Stocks to Buy for June 18th
- Top Ranked Value Stocks to Buy for June 18th
- 06/18/2021
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New Strong Buy Stocks for June 16th
- New Strong Buy Stocks for June 16th
- 06/16/2021
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Patrick's (PATK) Shares Surge 48% Over a Year: Here's Why
- Strong expansion strategy and revival of the housing market are encouraging for Patrick Industries (PATK).
- 06/11/2021
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5 Guru Stocks Trading Below the Peter Lynch Value
- According to the GuruFocus All-in-One Screener, a Premium feature, as of June 03, the following companies are trading below their Peter Lynch fair values with wide margins of safety and have had positive performances over the past 12 months.
- 06/03/2021
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New Strong Buy Stocks for May 26th
- New Strong Buy Stocks for May 26th
- 05/26/2021
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5 Stocks to Gain as Americans Hit the Road
- Americans crave to hit the road after a year of being locked indoors. This calls for investing in MarineMax (HZO), OneWater Marine (ONEW), Winnebago (WGO), Brunswick (BC) & Patrick Industries (PATK)
- 05/17/2021
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Patrick Industries, Inc. Declares Quarterly Cash Dividend
- ELKHART, Ind., May 14, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) (the "Company"), a major manufacturer and distributor of component and building products for the recreational vehicle, marine, manufactured housing and industrial markets, today announced that on May 13, 2021, its Board of Directors declared a quarterly cash dividend on its common stock of $0.28 per share.
- 05/14/2021
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New Strong Buy Stocks for May 12th
- New Strong Buy Stocks for May 12th
- 05/12/2021
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Looking for a Fast-paced Momentum Stock at a Bargain? Consider Patrick Industries (PATK)
- Patrick Industries (PATK) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 05/05/2021
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New Strong Buy Stocks for May 4th
- New Strong Buy Stocks for May 4th
- 05/04/2021
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Top Ranked Momentum Stocks to Buy for May 4th
- Top Ranked Momentum Stocks to Buy for May 4th
- 05/04/2021
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Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q1 2021 Results - Earnings Call Transcript
- Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q1 2021 Results - Earnings Call Transcript
- 05/01/2021
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Patrick Industries, Inc. Announces Closing of $350 Million Senior Notes Offering and New Credit Facility
- ELKHART, Ind., April 20, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced the closing of its previously announced private offering of $350 million aggregate principal amount of its 4.75% senior notes due 2029 (the "Notes"), at an issue price of 100% of the principal amount of the Notes, in a private placement exempt from registration under the Securities Act of 1933.
- 04/20/2021
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Patrick Industries, Inc. Announces First Quarter 2021 Earnings Release and Conference Call Webcast on April 29, 2021
- ELKHART, Ind., April 15, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of building and component products for the recreational vehicle, marine, manufactured housing and industrial markets, expects to release its first quarter 2021 financial results before the market opens on Thursday, April 29, 2021.
- 04/15/2021
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Patrick Industries, Inc. Announces Pricing of Private Offering of $350 Million of Senior Notes
- ELKHART, Ind., April 13, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced the pricing of its previously announced private offering of $350 million aggregate principal amount of its 4.75% senior notes due 2029 (the "Notes") in a private placement exempt from registration under the Securities Act of 1933 (the "Securities Act").
- 04/13/2021
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Patrick Industries Thrives During The Pandemic
- PATK reported gaudy Q4 revenue growth. RV sales and acquisitions fueled the company. Margins expanded due to increased scale. This narrative could last for a few more quarters.
- 03/22/2021
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5 Cyclical Companies Boosting Earnings
- The following cyclical companies have grown their earnings per share over a five-year period. According to the GuruFocus discounted cash flow calculator as of March 19, all of them also trade with a margin of safety.
- 03/19/2021
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Patrick Industries, Inc. Completes Acquisition of Sea-Dog Corporation and Sea-Lect Plastics
- ELKHART, Ind., March 15, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Everett, Washington-based Sea-Dog Corporation, a leading distributor of a comprehensive suite of marine and powersports hardware and accessories to distributors, wholesalers, retailers, on-line providers and manufacturers, and its sister company, Sea-Lect Plastics, which provides plastic injection molding, design, product development and expert tooling to companies and government entities (collectively, "Sea-Dog").
- 03/15/2021
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Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q4 2020 Results - Earnings Call Transcript
- Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q4 2020 Results - Earnings Call Transcript
- 02/11/2021
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Patrick Industries (PATK) Q4 Earnings and Revenues Beat Estimates
- Patrick Industries (PATK) delivered earnings and revenue surprises of 10.07% and 9.55%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 02/11/2021
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Patrick Industries, Inc. Announces Fourth Quarter 2020 Earnings Release and Conference Call Webcast on February 11, 2021
- ELKHART, Ind., Jan. 28, 2021 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of building and component products for the recreational vehicle, marine, manufactured housing and industrial markets, expects to release its fourth quarter and full...
- 01/28/2021
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Should Value Investors Pick Patrick Industries (PATK) Now?
- Let's see if Patrick Industries (PATK) stock is a good choice for value-oriented investors right now from multiple angles.
- 01/22/2021
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Is Patrick Industries (PATK) Outperforming Other Construction Stocks This Year?
- Is (PATK) Outperforming Other Construction Stocks This Year?
- 12/25/2020
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4 Construction Stocks Set to Maintain Winning Streak in 2021
- Amid optimism on mass vaccination and broad stimulus package, low rates, solid residential momentum, it makes sense to pick D.R. Horton (DHI), TopBuild (BLD), Patrick (PATK) and Trex (TREX) stocks that are expected to continue the winning streak in 2021.
- 12/18/2020
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Is Patrick Industries (PATK) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 12/17/2020
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Patrick Industries, Inc. Completes Acquisition of Taco Metals, LLC
- ELKHART, Ind., Nov. 30, 2020 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Taco Metals, LLC ("Taco"), a leading manufacturer of boating products including rub rail systems, canvas and tower...
- 11/30/2020
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Patrick Industries, Inc. Announces Increase to Regular Quarterly Cash Dividend
- ELKHART, Ind., Nov. 20, 2020 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) (the "Company"), a major manufacturer and distributor of component and building products for the recreational vehicle, marine, manufactured housing and industrial markets, today announced that on November...
- 11/20/2020
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You Can Still Buy Industrial And Technology Stocks, But Risk Controls Are Key
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The Best Stocks To Buy On A Sell-Off
- We're seeing shifts in sector leadership that are worth watching. Our overbought indicator suggests reigning in risk.
- 08/25/2020
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PM urged to oversee ‘Value For Money’ test on quangos costing £206billion a year
- BORIS Johnson must oversee a ‘Value For Money’ test for quangos which now cost an eye-watering £206 BILLION a year. Hundreds of agencies, regulators and public bodies now cost the public purse £3 b…
- 08/22/2020
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Emergency plans drawn up for perfect storm of No Deal Brexit & Covid second wave
- EMERGENCY plans have been drawn up to protect the UK from the perfect storm of a winter second wave of Covid-19 coinciding with a No Deal Brexit, a leaked document shows. The warnings, including ne…
- 08/22/2020
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Ofqual threatened with legal action over exams contract awarded to company with links to Gove and Cummings
- Good Law Project demands action from England's exam regulator
- 08/22/2020
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Damian Green on the PM and one-nation Toryism: Politics Weekly podcast
- In the third part of our Politics Weekly series, Jonathan Freedland speaks to the chair of the One Nation group of Conservative MPs, Damian Green
- 08/19/2020
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Patrick Industries, Inc. Declares Quarterly Cash Dividend
- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of component and building products for the recreational vehicle, marine, manufactured housing and industrial markets, today announced that on August 13, 2020, its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock. The dividend is payable on September 14, 2020, to shareholders of record at the close of business on August 31, 2020.
- 08/17/2020
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USD/JPY in tight range as Japan reports record economic contraction
- The USD/JPY pair is in a tight range today as investors react to weak GDP data from Japan. The data showed that the economy had a record contraction
- 08/17/2020
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Japan’s Economy Takes Record Hit With Virus Clouding Outlook
- Japan’s Economy Takes Record Hit With Virus Clouding Outlook
- 08/17/2020
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UK government urged to justify £108m contact-tracing deal with Serco
- Email leaked to shadow health minister prompts questions over whether company was cherry-picked
- 08/11/2020
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Here's What To Make Of Patrick Industries' (NASDAQ:PATK) Returns On Capital
- If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
- 08/11/2020
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Is There An Opportunity With Patrick Industries, Inc.'s (NASDAQ:PATK) 27% Undervaluation?
- In this article we are going to estimate the intrinsic value of Patrick Industries, Inc. (NASDAQ:PATK) by taking the...
- 08/11/2020
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Race equality chief faces legal challenge over appointment
- Exclusive: Anti-racism group cites Tony Sewell’s attempt to downplay institutional racism as grounds for dispute
- 08/11/2020
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Japan's service sector sentiment improves in July
- Japan's service sector sentiment improves in July
- 08/11/2020
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Just 10 enforcement orders issued for breach of UK quarantine rules
- Fears measures may be extended to France, but little enforcement appears to be taking place
- 08/08/2020
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Brexit: UK government pledges £355m to cushion Northern Ireland businesses
- Support package unveiled to help firms with bureaucracy of moving goods across Irish Sea
- 08/07/2020
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Japan's second quarter GDP likely shrank most on record due to coronavirus crisis: Reuters poll
- Japan's second quarter GDP likely shrank most on record due to coronavirus crisis: Reuters poll
- 08/07/2020
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Government contracts for PPE worth millions including 50m unusable face masks investigated
- One £252m contract for PPE included 50 million face masks subsequently deemed unusable
- 08/06/2020
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Are Investors Undervaluing Patrick Industries (PATK) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/06/2020
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Wiley’s MBE is under review after antisemitic rant, Cabinet Office confirms
- Calls to revoke rapper’s MBE came amid public backlash to antisemitic tweets
- 08/06/2020
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Boris Johnson building 'White House centre of power' to help get Brexit trade deal sorted
- BORIS JOHNSON is building a UK-style "White House" to form a "centre of power" in his bid to get Brexit done, according to experts.
- 08/05/2020
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Tory insiders being handed top Whitehall jobs despite promise of ‘independent’ appointees
- Departmental boards meant to be staffed through ‘transparent competition’ – but roles go to allies of ministers they are meant to scrutinise
- 08/05/2020
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Liam Fox faces growing scrutiny over Russian hack of personal email
- Opposition MPs and former civilian servants demand to know exactly how UK-US trade dossier appeared online
- 08/04/2020
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Patrick Industries completes acquisition of Inland Plywood Company
- Patrick Industries, Inc. has completed the acquisition of Inland Plywood Company, a premier supplier, laminator, and wholesale distributor of treated, untreated, and laminated plywood, medium density overlay panels, and other specialty products.
- 08/03/2020
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Russians hacked Liam Fox's personal email to get US-UK trade dossier
- Labour queries why MP used unsecured account for classified government business
- 08/03/2020
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Cronyism at work as Johnson packs the Lords | Letters
- Letters: Readers respond to dozens of new nominations for peerages announced by Downing Street
- 08/03/2020
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Tory-linked PR firm granted £3m Covid-19 contract without tender
- Topham Guerin behind idea to rename CCHQ Twitter account during 2019 election campaign
- 08/03/2020
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Patrick Industries, Inc. Completes Acquisition of Inland Plywood Company
- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Inland Plywood Company ("Inland"), a premier supplier, laminator, and wholesale distributor of treated, untreated, and laminated plywood, medium density overlay panels, and other specialty products, primarily serving the marine market as well as the recreational vehicle ("RV") and industrial markets. Inland is headquartered in Pontiac, Michigan with an additional facility located in Cocoa, Florida. Inland's fiscal 2019 revenue was approximately $60 million, and the Company expects the acquisition to be immediately accretive to net income per share.
- 08/03/2020
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Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q2 2020 Results - Earnings Call Transcript
- Patrick Industries, Inc. (NASDAQ:PATK) Q2 2020 Earnings Conference Call July 30, 2020 10:00 AM ET Company Participants Julie Ann Kotowski - Investor Relations Andy Nemeth - President & Chief Executive Officer John Forbes - Chief Financial Officer Conference Call Participants Brett Andress - KeyBanc Capital Markets Scott Stember - CL King Daniel Moore - CJS Securities Craig Kennison - Baird Tim Conder - Wells Fargo Steve O'Hara - Sidoti John Lovallo - Bank of America Presentation Operator Good morning, ladies and gentlemen, and welcome to the Patrick Industries, Inc.
- 08/02/2020
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Patrick Industries, Inc. (NASDAQ:PATK) Stock Position Raised by SG Americas Securities LLC
- SG Americas Securities LLC lifted its position in Patrick Industries, Inc. (NASDAQ:PATK) by 44.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,605 shares of the construction company’s stock after acquiring an additional 4,160 shares during the quarter. SG Americas Securities LLC’s holdings […]
- 08/02/2020
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URI vs. PATK: Which Stock Is the Better Value Option?
- URI vs. PATK: Which Stock Is the Better Value Option?
- 07/31/2020
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Patrick Industries Inc. (PATK) Q2 2020 Earnings Call Transcript
- Certain statements made in today's conference call regarding Patrick Industries and its operations may be considered forward-looking statements under the securities laws. There are a number of factors, many of which are beyond the company's control, including, without limitation, the disruption of business resulting from unforeseen events, such as the COVID-19 pandemic and its impact on economic conditions, capital financial markets and our operations, which could cause the actual results and events to differ materially from those described in the forward-looking statements.
- 07/31/2020
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Patrick Industries, Inc. 2020 Q2 - Results - Earnings Call Presentation
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Patrick Industries (PATK) Q2 Earnings and Revenues Top Estimates
- Patrick Industries (PATK) delivered earnings and revenue surprises of 160.00% and 8.33%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 07/30/2020
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Patrick Industries, Inc. Reports Second Quarter 2020 Financial Results
- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of component and building products for the recreational vehicle ("RV"), marine, manufactured housing ("MH"), and industrial markets, today reported financial results for the second quarter ended June 28, 2020.
- 07/30/2020
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Earnings Scheduled For July 30, 2020
- Companies Reporting Before The Bell
• Mastercard Inc. (NYSE:MA) is expected to report quarterly earnings at $1.16 per share on revenue of $3.23 billion.
• Moody's...
- 07/30/2020
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The Zacks Analyst Blog Highlights: D.R. Horton, Armstrong World Industries, United Rentals, Patrick Industries and Masco
- The Zacks Analyst Blog Highlights: D.R. Horton, Armstrong World Industries, United Rentals, Patrick Industries and Masco
- 07/28/2020
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UK extends Spain non-essential travel advice to holiday islands
- Thousands more holidays to be cancelled in latest coronavirus blow to tourism industry
- 07/27/2020
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One Nation group of centrist Conservatives to relaunch
- Group of 100 MPs hopes to pull Boris Johnson away from influence of Tory hard right
- 07/27/2020
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The Russia report's real warning? Britain has given up protecting its democracy | Peter Geoghegan
- The government seems unwilling to defend our political system from influence, says author Peter Geoghegan
- 07/27/2020
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Patrick Industries Leads Wealth-Builders In Manufactured Housing
- Another COVID-19 influenced industry is manufactured housing, initially due to RV-style needs for contagion-control efforts among marginal economic publics.
- 07/27/2020
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Timid, incompetent ... how our spies missed Russian bid to sway Brexit
- MPs who compiled the Russia report were incredulous at Britain’s reluctance to tackle Kremlin
- 07/26/2020
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Police investigate grime artist Wiley's antisemitic tweets
- Rapper temporarily banned from Twitter and dropped by management firm after tirade
- 07/25/2020
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Patrick Industries (PATK) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
- Patrick Industries (PATK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/23/2020
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Will Patrick Industries Continue to Surge Higher?
- As of late, it has definitely been a great time to be an investor of Patrick Industries
- 07/23/2020
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Japan raises economic view for second month, but wary about resurgence of virus cases
- Japan raises economic view for second month, but wary about resurgence of virus cases
- 07/22/2020
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Patrick Industries, Inc. -- Moody's changes Patrick Industries ratings outlook to stable; upgrades unsecured rating to B3
- Moody's Investors Service ("Moody's") changed the ratings outlook for Patrick Industries, Inc. (Patrick) to stable from negative. At the same time, Moody's affirmed the company's B2 corporate family rating (CFR) and B2-PD probability of default rating (PDR). "Recent improvement in recreational vehicle (RV) production rates, from the trough levels in April, suggests a less severe contraction in 2020 than previously anticipated", says Shirley Singh, Moody's lead analyst for Patrick Industries.
- 07/21/2020
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Malcolm Brynin obituary
- Other lives: Leading sociologist and expert on gender and ethnicity inequalities in the labour market who spoke truth to power
- 07/20/2020
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Firms linked to Tories win key Covid-19 service contracts - but is there something more sinister in play?
- The London Economic | The government is paying to have its own information presented back to them- by companies they enjoy a cushy relationship with| Politics
- 07/20/2020
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Editorial | Why is the AG failing to hold recalcitrant boards to account?
- Six years ago, this newspaper’s financial analyst, A.C. Count, who was in the habit of reviewing the financial reports of state-owned companies and other government bodies, was often frustrated that the information with which he had to work was out...
- 07/19/2020
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Woman tipped for top No10 job caught up in bullying and expenses row
- A Whitehall high-flyer tipped to become the first-ever female head of the Civil Service was investigated for bullying staff and misusing expenses, The Mail on Sunday can reveal.
- 07/18/2020
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Stocks To Watch: Vaccine Players, Earnings Blitz And Fiscal Debate
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
- 07/18/2020
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Patrick Industries, Inc. Announces Second Quarter 2020 Earnings Release and Conference Call Webcast on July 30, 2020
- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of building and component products for the recreational vehicle, marine, manufactured housing and industrial markets, expects to release its second quarter and six months 2020 financial results before the market opens on Thursday, July 30, 2020.
- 07/16/2020
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Analysts Estimate Patrick Industries (PATK) to Report a Decline in Earnings: What to Look Out for
- Patrick Industries (PATK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/16/2020
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Civil servant in charge of Priti Patel bullying inquiry 'to be moved'
- The top civil servant in charge of the bullying inquiry into Home Secretary Priti Patel will reportedly be moved from her post. It comes after reports in The Times of a “stand-off” between senior officials and political aides over the publication of the inquiry’s findings.
- 07/16/2020
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Patrick Industries Is A Hold
- Patrick Industries' shares have rebounded quite nicely since their bottom in March. The shares are trading near highs despite economic uncertainty in the intermediate future.
- 07/16/2020
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Priti Patel bullying probe was completed 'weeks ago'
- An investigation into allegations of bullying by Priti Patel was completed 'weeks ago', officials have claimed.
- 07/16/2020
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When secret coronavirus contracts are awarded without competition, it's deadly serious | George Monbiot
- Contracts worth billions have been handed out by a government willing to brazen out disgrace until outrage subsides, says Guardian columnist George Monbiot
- 07/15/2020
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Labour demands publication of inquiry into Priti Patel bullying
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Patrick Industries, Inc. (NASDAQ:PATK) Shares Sold by Invesco Ltd.
- Invesco Ltd. trimmed its position in Patrick Industries, Inc. (NASDAQ:PATK) by 7.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,900 shares of the construction company’s stock after selling 8,555 shares during the quarter. Invesco Ltd. owned about 0.45% of Patrick Industries worth […]
- 07/12/2020
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A Rare Travel Winner This Summer Weighs 10 Tons, Gets 18 Miles to the Gallon
- Nowhere is the shift in pandemic-era travel and the industry's nascent recovery more visible than in Elkhart County, Indiana, a collection of gritty factory towns that is a two-hour drive east of Chicago. Among its plants are manufacturers of recreational vehicles, RVs. Elkhart workers, to RV dealers across the country, are having one busy summer, […]
- 07/10/2020
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Cummings and Gove ally given lucrative coronavirus contract without open tender
- The London Economic | The firm is run by someone who campaigned with Cummings 20 years ago and an ex-Gove advisor who co-wrote the Tory manifesto | Politics
- 07/10/2020
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'Economy watcher' survey got record lift in June as sentiment rebounded | The Japan Times
- The lifting of the state of emergency spurred a 23-point jump in sentiment from May, the sharpest since January 2002.
- 07/09/2020
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Top Ranked Momentum Stocks to Buy for July 2nd
- Top Ranked Momentum Stocks to Buy for July 2nd
- 07/02/2020
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Moving Average Crossover Alert: Patrick Industries
- Patrick Industries, Inc. (PATK) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
- 07/02/2020
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Patrick Industries, Inc. (NASDAQ:PATK) Expected to Announce Earnings of -$0.09 Per Share
- Wall Street analysts expect that Patrick Industries, Inc. (NASDAQ:PATK) will announce ($0.09) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Patrick Industries’ earnings. Patrick Industries posted earnings of $1.18 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of […]
- 07/01/2020
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Hedge Funds Aren’t Crazy About Patrick Industries, Inc. (PATK) Anymore
- How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
- 06/30/2020
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Stocks To Watch: Fireworks For Nikola, Tesla And Micron
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive th
- 06/27/2020
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Record 1,744 accidents took place at Japanese child care facilities in 2019 | The Japan Times
- The data are likely to spark public concern about the safety and quality of care at facilities subsidized as part of the government's free education program.
- 06/26/2020
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Mowgli Street Food cancels plans to open Preston restaurant
- Mowgli Street Food had planned to open one of its Indian restaurants in Preston by the end of 2020
- 06/25/2020
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Patrick Industries, Inc. (NASDAQ:PATK) Receives Average Rating of “Buy” from Analysts
- Patrick Industries, Inc. (NASDAQ:PATK) has been assigned a consensus recommendation of “Buy” from the nine research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12-month […]
- 06/24/2020
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Patrick (PATK) Up 148% in 3 Months: What's Behind the Rally?
- Strong expansion strategy and revival of the housing market are encouraging for Patrick Industries (PATK).
- 06/23/2020
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Cedar Fair (FUN) was Downgraded to a Hold Rating at Wells Fargo - Markets
- In a report released today, Tim Conder from Wells Fargo downgraded Cedar Fair (FUN – Research Report) to Hold. The
- 06/23/2020
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Six Flags (SIX) Gets a Hold Rating from Wells Fargo - Markets
- Wells Fargo analyst Tim Conder maintained a Hold rating on Six Flags (SIX – Research Report) today. The company’s shares
- 06/23/2020
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+105% In 13 Weeks - The 'Crisis Composite' Strategy Still Crushing The Market
- During the COVID-19 Crisis, I’ve been writing about a unique stock strategy that has outperformed the markets in several of the last crises since 1974. My take
- 06/22/2020
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Insider Selling: Patrick Industries, Inc. (NASDAQ:PATK) Chairman Sells 8,350 Shares of Stock
- Patrick Industries, Inc. (NASDAQ:PATK) Chairman Todd M. Cleveland sold 8,350 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $60.12, for a total transaction of $502,002.00. Following the transaction, the chairman now owns 299,380 shares of the company’s stock, valued at approximately $17,998,725.60. The […]
- 06/22/2020
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Stocks To Watch: Nike, Apple, Ford And Stressed Banks
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive th
- 06/20/2020
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An RV Boom Won’t Save the Economy - BNN Bloomberg
- Recreational vehicles stand out in a coronavirus-transformed travel landscape, but their role as an economic bellwether is limited.
- 06/19/2020
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An RV Boom Won’t Save the Economy
- (Bloomberg Opinion) -- It happened again! Just as in 1990, 2000 and 2007, a decline in recreational-vehicle shipments preceded a recession.Of course, unless you believe that RV dealers knew back in summer 2018 (when the shipment decline began) that a new coronavirus would emerge from China a year and a half later and bring the global economy to a standstill, there’s no plausible connection between the RV swoon and the recession that started in March.(2) As with the warning signal supposedly flashed by last year’s inverted yield curve, RV shipments will look like they again passed muster as a recession indicator, but they didn’t really.The theory had been that, as big-ticket discretionary items, RVs were among the earliest warning signs of softening consumer demand. “They didn’t predict Covid, but I think they did a pretty good job forecasting the manufacturing quasi-recession we had in 2019,” emails Michael Hicks, an economics professor at Ball State University in Muncie, Indiana, who has been watching the industry’s ups and downs closely. “I just don’t think a manufacturing slowdown in 2019 was sufficient to drag the aggregate economy into recession.”So by late last year, RV shipments were rebounding and no recession was in sight. Then came the coronavirus, and a collapse.Now, the industry seems to be playing the unfamiliar role of early mover in a recovery. In April, the stocks of RV makers Thor Industries Inc. and Winnebago Industries Inc., parts-maker Patrick Industries Inc., and retailer Camping World Inc. began outperforming the small-cap Russell 2000 Index, to which all but industry leader Thor belong. Since Camping World’s chief executive officer declared in a May 7 earnings call that the first Friday, Saturday and Sunday in May had been “the biggest weekend in our company’s history, period end of story,” they’ve taken off.There have been lots more anecdotal reports of booming sales at RV dealers since then. (The company that tracks national sales via vehicle registrations, Statistical Surveys of Grand Rapids, Michigan, won’t have May totals for a few more weeks.) At a time when other modes of travel are still fraught with disease risk and other uncertainties, RVs present an attractive alternative. You can get out of the house and see the country without breathing a lot of shared indoor air.As a national economic signal this news is of limited value. The annual economic impact of the manufacturing, sales and use of RVs is about 0.5% of gross domestic product, according to an industry-commissioned study — not enough for its resurgence to matter much. If RV sales are up mainly because people don’t want to fly in airplanes or stay in hotels (or get on cruise ships, God forbid), the net economic effect could even be negative. Also, this resurgence remains as yet mostly hypothetical. The latest forecast for the RV Industry Association by University of Michigan economist Richard Curtin anticipates that 2020 shipments will be 21% lower than last year’s and 36% lower than in 2017.Still, RVs are fun, plus the industry’s fortunes do matter a lot to people in and around Elkhart, Indiana, home of leading RV manufacturers Thor and Forest River, a subsidiary of Berkshire Hathaway Inc., as well as Patrick and a lot of other parts suppliers. The unemployment rate in the Elkhart-Goshen metropolitan area (aka Elkhart County) had dropped from a high of 20% during the last recession to a low of 2.1% in April of 2017 and 2018. This year it leapt from 2.7% in March to 29.3% in April. May’s rate will presumably turn out to have been a bunch lower, although a recent rise in local Covid-19 cases may slow the return to work.The decline in RV shipments that began in 2018 was attributed by many in the industry to a simple production overshoot. Rising costs due to new tariffs on Chinese-made components also got some of the blame, and after I wrote about the slowdown last September I received several emails pointing to growing complaints about shoddy quality. Although I can’t really speak to the latter issue, I can attest that most of today’s RVs are pretty dumpy-looking.As a visit to the RV/MH Hall of Fame(1) in Elkhart makes clear, early motor homes and trailers could be quite stylish. Nowadays, apart from the iconic silver Airstream trailers made in Ohio by a Thor Industries subsidiary, and a few other renegades, they tend to be remarkably similar and uninspired in design and decoration, featuring boxy profiles and a lot of swoops painted on the sides. Covid-19 is giving the RV industry an opportunity to reach out to new kinds of customers, but it may have to change its product offerings to keep them.(1) Mostmedia reporting on the National Bureau of Economic Research Business Cycle Dating Committee's determination that economic activity peaked in February interpreted this to mean that the recession started in February. I think it really means that the expansion ended in February and the recession started in March, but whatever.(2) The MH can stand for either motor home or manufactured home. And yes, it's open to visitors again. Please wear a mask.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Justin Fox is a Bloomberg Opinion columnist covering business. He was the editorial director of Harvard Business Review and wrote for Time, Fortune and American Banker. He is the author of “The Myth of the Rational Market.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/19/2020
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The Zacks Analyst Blog Highlights: Dycom Industries, Great Lakes Dredge Dock, Orion Group, Patrick Industries and Tutor Perini
- The Zacks Analyst Blog Highlights: Dycom Industries, Great Lakes Dredge Dock, Orion Group, Patrick Industries and Tutor Perini
- 06/18/2020
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5 Stocks to Buy on Trump's New $1-Trillion Infrastructure Plan
- Considering Trump's focus on an all-inclusive $1-trillion infrastructure bill for the United States, investing in stocks related to infrastructure is a smart option at the moment.
- 06/17/2020
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FY2020 EPS Estimates for Patrick Industries, Inc. Boosted by Analyst (NASDAQ:PATK)
- Patrick Industries, Inc. (NASDAQ:PATK) – Research analysts at KeyCorp boosted their FY2020 earnings per share (EPS) estimates for Patrick Industries in a research report issued to clients and investors on Wednesday, June 10th. KeyCorp analyst B. Andress now anticipates that the construction company will earn $2.25 per share for the year, up from their prior […]
- 06/15/2020
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KeyBanc Maintains Overweight on Patrick Industries, Raises Price Target to $75
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Patrick Industries, Inc. (NASDAQ:PATK) CFO Joshua A. Boone Sells 15,545 Shares of Stock
- Patrick Industries, Inc. (NASDAQ:PATK) CFO Joshua A. Boone sold 15,545 shares of Patrick Industries stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $62.08, for a total transaction of $965,033.60. Following the completion of the sale, the chief financial officer now directly owns 50,284 shares in the […]
- 06/10/2020
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Patrick Industries, Inc. (NASDAQ:PATK) Shares Sold by UBS Group AG
- UBS Group AG decreased its stake in Patrick Industries, Inc. (NASDAQ:PATK) by 46.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,217 shares of the construction company’s stock after selling 16,491 shares during the period. UBS Group AG owned approximately 0.08% of […]
- 06/10/2020
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Kitchen Cabinet Market Analysis and Forecast to 2025 by Recent Trends, consumption by Regional data, Investigation and Growth, Developments in Manufacturing Technology and Growth Overview
- Jun 05, 2020 (The Expresswire) --
"TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT " Global “Kitchen Cabinet Market” 2020 Global Industry Size,...
- 06/05/2020
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Patrick Industries, Inc. Announces Resignation Of Chief Financial Officer; John A. Forbes Named As Interim CFO
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Patrick Industries, Inc. Announces Resignation of Chief Financial Officer; John A. Forbes Named as Interim CFO
- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of component and building products for the recreational vehicle, marine, manufactured housing and industrial markets, today announced that Joshua Boone, Chief Financial Officer, has resigned to accept a senior leadership position with another publicly traded company. Mr. Boone, who has served as the CFO of Patrick since January 2016, will be working closely with the Company through the second quarter to ensure an orderly transition.
- 05/28/2020
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Sidoti & Co. Maintains Buy on Patrick Industries, Raises Price Target to $59
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Miscellaneous Building Products Industry Prospects Look Bleak
- Miscellaneous Building Products Industry Prospects Look Bleak
- 05/19/2020
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8-K: PATRICK INDUSTRIES INC
- (EDGAR Online via COMTEX) --
Document
false0000076605 0000076605 2020-05-14 2020-05-14 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C....
- 05/19/2020
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Who Could Win, Lose As US Homebuilding Starts Decline: Home Depot 'Performing Well' During Coronavirus Crisis
- The coronavirus capped groundbreaking on U.S. homebuilding projects at a five-year low for the month of April, according to a Tuesday report from the Commerce Department.
“...
- 05/19/2020
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Patrick Industries, Inc. Declares Quarterly Cash Dividend
- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of component and building products for the recreational vehicle, marine, manufactured housing and industrial markets, today announced that on May 14, 2020, its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock. The dividend is payable on June 15, 2020, to shareholders of record at the close of business on June 1, 2020.
- 05/18/2020
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Australian inquiry finds Cardinal Pell knew of child sex abuse
- An Australian government-appointed inquiry into child sex abuse in the Catholic Church and other institutions found former Vatican treasurer Cardinal George Pell was aware of child sex abuse by at least two priests in the 1970s and 1980s and failed to take steps to get the priests removed.
- 05/07/2020
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Australian inquiry found Pell should have reported child sex abuse
- An Australian government-appointed inquiry into child sex abuse in the Catholic Church and other institutions found former Vatican treasurer Cardinal George Pell was aware of child sex abuse by at least two priests in the 1970's and 1980s and failed to take steps to get the priests removed.
- 05/07/2020
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New Zealand 'halfway down Everest' as Ardern plans big easing of Covid lockdown
- PM says bars, hairdressers and domestic travel could be opened up next week along with gatherings of up to 100 people
- 05/07/2020
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Australian inquiry found Pell should have reported child sex abuse
- Australian inquiry found Pell should have reported child sex abuse
- 05/07/2020
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Bedel Financial Consulting, Inc. Buys Patrick Industries Inc, The Walt Disney Co, Invesco ...
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KeyBanc Maintains Overweight on Patrick Industries, Raises Price Target to $47
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Patrick Industries, Inc. (PATK) CEO Andy Nemeth on Q1 2020 Results - Earnings Call Transcript
- Patrick Industries, Inc. (NASDAQ:PATK) Q1 2020 Earnings Conference Call April 30, 2020 10:00 AM ET Company Participants Julie Ann Kotowski - Investor Relations
- 05/02/2020
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Patrick Industries Inc. (PATK) Q1 2020 Earnings Call Transcript
- Certain statements made in today's conference call regarding Patrick Industries and its operations may be considered forward-looking statements under the securities laws. There are a number of factors many of which are beyond the company's control including without limitation the disruption of business resulting from unforeseen events such as the COVID-19 pandemic and its impact on economic conditions capital and financial markets and our operations which could cause the actual results and events to differ materially from those described in the forward-looking statements.
- 05/01/2020
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Edited Transcript of PATK earnings conference call or presentation 30-Apr-20 2:00pm GMT
- Q1 2020 Patrick Industries Inc Earnings Call
- 05/01/2020
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Harley-Davidson (HOG) Receives a Hold from Wells Fargo
- In a report released today, Tim Conder from Wells Fargo maintained a Hold rating on Harley-Davidson (HOG). The company's shares closed last Thursday at
- 04/30/2020
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Harley-Davidson (HOG) Receives a Hold from Wells Fargo
- In a report released today, Tim Conder from Wells Fargo maintained a Hold rating on Harley-Davidson (HOG – Research Report).
- 04/30/2020
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Patrick Industries (PATK) Tops Q1 Earnings Estimates
- Patrick Industries (PATK) delivered earnings and revenue surprises of 22.97% and -1.66%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 04/30/2020
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Patrick Industries (PATK) Tops Q1 Earnings Estimates
- Patrick Industries (PATK) delivered earnings and revenue surprises of 22.97% and -1.66%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 04/30/2020
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Recap: Patrick Industries Q1 Earnings
- Shares of Patrick Industries (NASDAQ:PATK) remained unaffected at $42.97 after the company reported Q1 results.Quarterly Results Earnings per share increased 1.11% year over year to $0.91, which beat the estimate of $0.72.Revenue of $589,232,000 less by 3.12% from the same period last year, which beat
- 04/30/2020
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Patrick Industries reports Q1 EPS 91c, consensus 69c PATK
- Patrick Industries reports Q1 EPS 91c, consensus 69c PATK
- 04/30/2020
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Patrick Industries: 1Q Earnings Snapshot
- ELKHART, Ind. (AP) _ Patrick Industries Inc. (PATK) on Thursday reported first-quarter net income of $21.2 million. On a per-share basis, the Elkhart, Indiana-based company said it had profit of 91 cents. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. The building products manufacturer posted revenue of $589.2 million in the period. Patrick Industries shares have decreased 18% since the beginning of the year. The stock has decreased 14% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PATK at https://www.zacks.com/ap/PATK
- 04/30/2020
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Patrick Industries: 1Q Earnings Snapshot
- ELKHART, Ind. (AP) _ Patrick Industries Inc. (PATK) on Thursday reported first-quarter net income of $21.2 million.
On a per-share basis, the Elkhart, Indiana-based company said it had profit of 91 cents.
The results beat Wall Street expectations. Th
- 04/30/2020
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Patrick Industries Q1 EPS $0.910 Beats $0.720 Estimate, Sales $589.200M Beat $580.780M Estimate
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Patrick Industries, Inc. Reports First Quarter 2020 Financial Results
- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of component and building products for the recreational vehicle ("RV"), marine, manufactured housing ("MH"), and industrial markets, today reported financial results for the first quarter ended March 29,
- 04/30/2020
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Patrick Industries, Inc. (NASDAQ:PATK) Shares Bought by 1ST Source Bank
- 1ST Source Bank grew its stake in shares of Patrick Industries, Inc. (NASDAQ:PATK) by 20.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,764 shares of the construction company’s stock after acquiring an additional 13,753 shares during the period. 1ST […]
- 04/30/2020
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Wells Fargo Sticks to Their Hold Rating for Hasbro (HAS)
- Wells Fargo analyst Tim Conder maintained a Hold rating on Hasbro (HAS) today. The company's shares closed last Wednesday at $72.91. According to
- 04/30/2020
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Patrick Industries (PATK) Tops Q1 Earnings Estimates
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Meryl Streep’s damn fine singing and drinking, and three other things lifting our spirits
- Actor toasts Stephen Sondheim; Abbey sends us a postcard; and socially distanced dancing
- 04/28/2020
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Chain reaction: the ups and downs of Britain’s high street stalwarts | Jay Rayner
- It’s easy to sneer at our restaurant chains. Sometimes they deserve it, but sometimes they really hit the spot
- 04/26/2020
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Analysts Estimate Patrick Industries (PATK) to Report a Decline in Earnings: What to Look Out for
- Patrick Industries (PATK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/23/2020
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Analysts Estimate Patrick Industries (PATK) to Report a Decline in Earnings: What to Look Out for
- Patrick Industries (PATK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/23/2020
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Get naked, lash on a pillow, take a photo: pandemic pics, and four other things making us smile
- Halle Berry’s #PillowChallenge, Maser’s painting raffle, dancers’ spirit-lifting moves
- 04/23/2020
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Zacks: Brokerages Anticipate Patrick Industries, Inc. (NASDAQ:PATK) to Announce $0.70 Earnings Per Share
- Equities research analysts forecast that Patrick Industries, Inc. (NASDAQ:PATK) will report earnings of $0.70 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Patrick Industries’ earnings. The highest EPS estimate is $0.83 and the lowest is $0.54. Patrick Industries posted earnings of $0.90 per share during the same […]
- 04/23/2020
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Short Interest in Patrick Industries, Inc. (NASDAQ:PATK) Drops By 9.4%
- Patrick Industries, Inc. (NASDAQ:PATK) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,210,000 shares, a decrease of 9.4% from the March 15th total of 1,335,300 shares. Approximately 5.4% of the company’s shares are sold short. Based on an average […]
- 04/23/2020
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Patrick Industries (PATK) Scheduled to Post Earnings on Thursday
- Patrick Industries (NASDAQ:PATK) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 30th. Analysts expect Patrick Industries to post earnings of $0.70 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link. Patrick Industries (NASDAQ:PATK) last announced its quarterly […]
- 04/23/2020
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Aurora Investment Counsel Sells 2,053 Shares of Patrick Industries, Inc. (NASDAQ:PATK)
- Aurora Investment Counsel cut its position in shares of Patrick Industries, Inc. (NASDAQ:PATK) by 11.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,171 shares of the construction company’s stock after selling 2,053 shares during the quarter. Aurora Investment Counsel owned approximately 0.07% […]
- 04/22/2020
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Zacks: Analysts Anticipate Patrick Industries, Inc. (NASDAQ:PATK) Will Post Quarterly Sales of $599.19 Million
- Equities analysts forecast that Patrick Industries, Inc. (NASDAQ:PATK) will announce sales of $599.19 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Patrick Industries’ earnings. The highest sales estimate is $607.98 million and the lowest is $590.40 million. Patrick Industries reported sales of $608.22 million during the same […]
- 04/22/2020
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Norges Bank Makes New Investment in Patrick Industries, Inc. (NASDAQ:PATK)
- Norges Bank bought a new position in shares of Patrick Industries, Inc. (NASDAQ:PATK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 306,884 shares of the construction company’s stock, valued at approximately $16,090,000. Norges Bank owned approximately 1.29% of Patrick […]
- 04/20/2020
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Patrick Industries, Inc. Expected to Post Q1 2020 Earnings of $0.73 Per Share (NASDAQ:PATK)
- Patrick Industries, Inc. (NASDAQ:PATK) – Equities researchers at KeyCorp dropped their Q1 2020 EPS estimates for Patrick Industries in a note issued to investors on Monday, April 13th. KeyCorp analyst B. Andress now expects that the construction company will post earnings of $0.73 per share for the quarter, down from their prior forecast of $0.90. […]
- 04/17/2020
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Patrick Industries, Inc. Announces First Quarter 2020 Earnings Release and Conference Call Webcast on April 30, 2020
- Patrick Industries, Inc. (NASDAQ: PATK), a major manufacturer and distributor of building and component products for the recreational vehicle, marine, manufactured housing and industrial markets, expects to release its first quarter 2020 financial results before the market opens on Thursday, April 30, 2020.
- 04/16/2020
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Earnings Preview: Patrick Industries (PATK) Q1 Earnings Expected to Decline
- Patrick Industries (PATK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/16/2020
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Earnings Preview: Patrick Industries (PATK) Q1 Earnings Expected to Decline
- Patrick Industries (PATK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/16/2020
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Earnings Preview: Patrick Industries (PATK) Q1 Earnings Expected to Decline
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Zacks Investment Research Downgrades Patrick Industries (NASDAQ:PATK) to Strong Sell
- Patrick Industries (NASDAQ:PATK) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday, Zacks.com reports. According to Zacks, “Patrick Industries, Inc. is a major manufacturer of component products and distributor of building products and materials for the Recreational Vehicle, Manufactured Housing and Marine […]
- 04/15/2020
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Patrick Industries price target lowered to $45 from $55 at KeyBanc PATK
- Patrick Industries price target lowered to $45 from $55 at KeyBanc KeyBanc PATK
- 04/14/2020
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KeyBanc Maintains Overweight on Patrick Industries, Lowers Price Target to $45
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Man Group plc Takes $268,000 Position in Patrick Industries, Inc. (NASDAQ:PATK)
- Man Group plc acquired a new stake in Patrick Industries, Inc. (NASDAQ:PATK) in the fourth quarter, Holdings Channel.com reports. The fund acquired 5,105 shares of the construction company’s stock, valued at approximately $268,000. Other hedge funds and other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System grew […]
- 04/13/2020
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UBS Asset Management Americas Inc. Buys 1,484 Shares of Patrick Industries, Inc. (NASDAQ:PATK)
- UBS Asset Management Americas Inc. raised its position in Patrick Industries, Inc. (NASDAQ:PATK) by 10.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,966 shares of the construction company’s stock after purchasing an additional 1,484 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Patrick Industries were worth $837,000 at the […]
- 04/12/2020
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UBS Group AG Boosts Stake in Patrick Industries, Inc. (NASDAQ:PATK)
- UBS Group AG increased its position in Patrick Industries, Inc. (NASDAQ:PATK) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,708 shares of the construction company’s stock after purchasing an additional 3,099 shares during the quarter. UBS Group AG owned […]
- 04/12/2020
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Patrick Industries, Inc. Provides Additional Business Update Regarding COVID-19
- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a major manufacturer and distributor of component and building products for the recreational vehicle, marine, manufactured housing, and industrial markets, today provided an update related to its business and operations during the coronavirus (COVID-19) pandemic.
- 04/10/2020
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Patrick Industries, Inc. (NASDAQ:PATK) Given Average Rating of "Hold" by Brokerages
- Shares of Patrick Industries, Inc. (NASDAQ:PATK) have received an average rating of “Hold” from the nine analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month […]
- 04/10/2020
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Guggenheim Capital LLC Lowers Stock Holdings in Patrick Industries, Inc. (NASDAQ:PATK)
- Guggenheim Capital LLC trimmed its stake in Patrick Industries, Inc. (NASDAQ:PATK) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,690 shares of the construction company’s stock after selling 611 shares during the period. Guggenheim Capital LLC’s holdings in […]
- 04/09/2020
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Patrick Industries, Inc. (NASDAQ:PATK) Shares Sold by Franklin Resources Inc.
- Franklin Resources Inc. trimmed its position in shares of Patrick Industries, Inc. (NASDAQ:PATK) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 185,257 shares of the construction company’s stock after selling 1,000 shares during the period. Franklin Resources Inc.’s […]
- 04/09/2020
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Patrick Industries, Inc. -- Moody's downgrades Patrick Industries ratings (CFR to B2); outlook negative
- Moody's Investors Service ("Moody's") downgraded its ratings for Patrick Industries, Inc. (Patrick), including the company's corporate family rating (CFR to B2 from B1) and probability of default rating (to B2-PD from B1-PD), along with its senior unsecured ratings (to Caa1 from B3). "The downgrades reflect our expectation that Patrick's earnings will be significantly pressured over the balance of the year from the adverse impact of the COVID-19 crisis and further weakening in macroeconomic conditions," says Shirley Singh, Moody's lead analyst for Patrick.
- 04/08/2020
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Wells Fargo Remains a Hold on Patrick Industries (PATK)
- In a report released today, Tim Conder from Wells Fargo maintained a Hold rating on Patrick Industries (PATK). The company's shares closed last Tuesday at
- 04/08/2020
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Advisor Group Inc. Sells 357 Shares of Patrick Industries, Inc. (NASDAQ:PATK)
- Advisor Group Inc. trimmed its position in shares of Patrick Industries, Inc. (NASDAQ:PATK) by 34.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 672 shares of the construction company’s stock after selling 357 shares during the period. Advisor Group […]
- 04/08/2020
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84 Biggest Movers From Yesterday
- Gainers
Immunomedics, Inc. (NASDAQ: IMMU) shares jumped 99.8% to close at $18.78 on Monday after the company said it would stop its Ascent Study due to compelling evidence of...
- 04/07/2020
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Amalgamated Bank Invests $221,000 in Patrick Industries, Inc. (NASDAQ:PATK)
- Amalgamated Bank acquired a new position in Patrick Industries, Inc. (NASDAQ:PATK) during the fourth quarter, Holdings Channel reports. The firm acquired 4,212 shares of the construction company’s stock, valued at approximately $221,000. Several other institutional investors and hedge funds have also recently bought and sold shares of the company. GW&K Investment Management LLC raised its […]
- 04/02/2020
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Patrick Industries, Inc. (NASDAQ:PATK) Shares Bought by AQR Capital Management LLC
- AQR Capital Management LLC lifted its position in Patrick Industries, Inc. (NASDAQ:PATK) by 37.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,399 shares of the construction company’s stock after acquiring an additional 25,624 shares during the quarter. AQR Capital […]
- 04/01/2020
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Envestnet Asset Management Inc. Sells 4,885 Shares of Patrick Industries, Inc. (NASDAQ:PATK)
- Envestnet Asset Management Inc. lessened its stake in Patrick Industries, Inc. (NASDAQ:PATK) by 43.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,279 shares of the construction company’s stock after selling 4,885 shares during the period. Envestnet Asset Management Inc.’s holdings in […]
- 03/31/2020
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Patrick Industries, Inc. (NASDAQ:PATK) Shares Sold by Aurora Investment Counsel
- Aurora Investment Counsel reduced its holdings in Patrick Industries, Inc. (NASDAQ:PATK) by 39.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,224 shares of the construction company’s stock after selling 12,002 shares during the quarter. Aurora Investment Counsel owned approximately 0.08% of Patrick Industries […]
- 03/31/2020
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$609.74 Million in Sales Expected for Patrick Industries, Inc. (NASDAQ:PATK) This Quarter
- Equities research analysts expect that Patrick Industries, Inc. (NASDAQ:PATK) will post $609.74 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Patrick Industries’ earnings, with the highest sales estimate coming in at $611.50 million and the lowest estimate coming in at $607.98 million. Patrick Industries posted sales of […]
- 03/30/2020
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Baird Financial Group Inc. Invests $4.83 Million in Patrick Industries, Inc. (NASDAQ:PATK)
- Baird Financial Group Inc. bought a new position in shares of Patrick Industries, Inc. (NASDAQ:PATK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 92,075 shares of the construction company’s stock, valued at approximately $4,827,000. Baird Financial Group Inc. […]
- 03/29/2020
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Patrick Industries temporarily suspending certain facilities PATK
- Patrick Industries temporarily suspending certain facilities PATK
- 03/26/2020
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BRIEF-Patrick Industries Provides Business Update Regarding COVID-19
- Patrick Industries Inc:
- 03/26/2020
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Patrick Industries, Inc. Provides Business Update Regarding COVID-19
- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a major manufacturer and distributor of component and building products for the recreational vehicle, marine, manufactured housing, and industrial markets, today provided a business and operations update regarding the coronavirus (COVID-19) pandemic.
- 03/26/2020
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Sidoti & Co. Maintains Buy on Patrick Industries, Lowers Price Target to $53
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A Sliding Share Price Has Us Looking At Patrick Industries, Inc.’s (NASDAQ:PATK) P/E Ratio
- To the annoyance of some shareholders, Patrick Industries (NASDAQ:PATK) shares are down a considerable 59% in the last...
- 03/25/2020
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How Does Patrick Industries, Inc. (NASDAQ:PATK) Affect Your Portfolio Volatility?
- If you own shares in Patrick Industries, Inc. (NASDAQ:PATK) then it's worth thinking about how it contributes to the...
- 03/23/2020
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AlphaCrest Capital Management LLC Cuts Stock Holdings in Patrick Industries, Inc. (NASDAQ:PATK)
- AlphaCrest Capital Management LLC lowered its stake in shares of Patrick Industries, Inc. (NASDAQ:PATK) by 64.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,683 shares of the construction company’s stock after selling 10,300 shares during the period. AlphaCrest Capital Management […]
- 03/22/2020
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Great West Life Assurance Co. Can Acquires Shares of 28,077 Patrick Industries, Inc. (NASDAQ:PATK)
- Great West Life Assurance Co. Can acquired a new stake in shares of Patrick Industries, Inc. (NASDAQ:PATK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,077 shares of the construction company’s stock, valued at approximately $1,459,000. Great West Life Assurance Co. Can owned […]
- 03/21/2020
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The Decorative Laminates Market is expected to grow by USD 0.96 bn during 2020-2024, progressing at a CAGR of 3% during the forecast period
- New York, March 20, 2020 -- Reportlinker.com announces the release of the report "Decorative Laminates Market in US 2020-2024" -.
- 03/21/2020
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Patrick Industries (NASDAQ:PATK) Hits New 12-Month Low at $25.90
- Patrick Industries, Inc. (NASDAQ:PATK)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $25.90 and last traded at $25.90, with a volume of 2899 shares traded. The stock had previously closed at $30.22. Several brokerages have recently weighed in on PATK. ValuEngine upgraded shares of Patrick Industries from […]
- 03/20/2020
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How Bleak Are Things for Buyback ETFs Amid Coronavirus Crisis
- While the coronavirus-led cash crisis has compeled some companies to halt buybacks, some annnuced new authorization to advantage from the battered prices.
- 03/19/2020
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How Bleak Are Things for Buyback ETFs Amid Coronavirus Crisis
- While the coronavirus-led cash crisis has compeled some companies to halt buybacks, some annnuced new authorization to advantage from the battered prices.
- 03/19/2020
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Stocks That Hit 52-Week Lows On Thursday
- On Thursday morning, 1178 companies hit new 52-week lows.
Facts of Interest:
The largest company by market cap to set a new 52-week low was Nuveen Preferred & Income...
- 03/19/2020
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Patrick Industries raises stock repurchase authorization to $50M PATK
- Patrick Industries raises stock repurchase authorization to $50M PATK
- 03/16/2020
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Patrick Industries, Inc. Completes Acquisition of Maple City Woodworking Corporation and Announces Increased Share Repurchase Authorization
- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Goshen, Indiana-based Maple City Woodworking Corporation ("Maple City"), a manufacturer of hardwood cabinet doors and fascia for the recreational vehicle ("RV") market. Maple City's fiscal 2019 revenue was approximately $12 million, and the Company expects the acquisition to be immediately accretive to net income per share.
- 03/16/2020
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Patrick Industries, Inc. (NASDAQ:PATK) COO Purchases $97,020.00 in Stock
- Patrick Industries, Inc. (NASDAQ:PATK) COO Kip B. Ellis purchased 3,000 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $32.34 per share, for a total transaction of $97,020.00. Following the acquisition, the chief operating officer now owns 84,646 shares of the company’s stock, […]
- 03/16/2020
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Patrick Industries, Inc. (NASDAQ:PATK) Receives Average Recommendation of "Hold" from Analysts
- Patrick Industries, Inc. (NASDAQ:PATK) has been given a consensus recommendation of “Hold” by the seven brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The average 12-month target price among […]
- 03/16/2020
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Patrick Industries (NASDAQ:PATK) Downgraded by Zacks Investment Research to "Hold"
- Zacks Investment Research lowered shares of Patrick Industries (NASDAQ:PATK) from a buy rating to a hold rating in a report released on Wednesday, Zacks.com reports. According to Zacks, “Patrick Industries, Inc. is a major manufacturer of component products and distributor of building products and materials for the Recreational Vehicle, Manufactured Housing and Marine industries. The […]
- 03/15/2020
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Bank of Montreal Can Grows Holdings in Patrick Industries, Inc. (NASDAQ:PATK)
- Bank of Montreal Can boosted its holdings in Patrick Industries, Inc. (NASDAQ:PATK) by 670.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,447 shares of the construction company’s stock after purchasing an additional 20,402 shares during the quarter. Bank […]
- 03/13/2020
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Patrick Industries Inc (PATK) EVP Operations & COO Kip B Ellis Bought $97,…—… of Shares
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Stocks That Hit 52-Week Lows On Thursday
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Bank of AmericaCuts Homebuilders, ‘Bracing for Inevitable’ Virus Hit
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A Sliding Share Price Has Us Looking At Patrick Industries, Inc.'s (NASDAQ:PATK) P/E Ratio
- Unfortunately for some shareholders, the Patrick Industries (NASDAQ:PATK) share price has dived 32% in the last thirty...
- 03/11/2020
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How Does Patrick Industries’s (NASDAQ:PATK) P/E Compare To Its Industry, After The Share Price Drop?
- Unfortunately for some shareholders, the Patrick Industries (NASDAQ:PATK) share price has dived 32% in the last thirty...
- 03/11/2020
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