Investors sentiment decreased to 0.79 in Q2 2019. Its down 0.30, from 1.09 in 2019Q1. It fall, as 15 investors sold Patrick Industries, Inc. shares while 70 reduced holdings. 19 funds opened positions while 48 raised stakes. 21.23 million shares or 59.00% less from 51.77 million shares in 2019Q1 were reported.
Nj State Employees Deferred Compensation Plan holds 0.11% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK) for 13,000 shares. Tci Wealth Advisors Incorporated reported 13 shares stake. Principal Financial Grp Inc stated it has 0.01% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK). State Of Tennessee Treasury Department reported 0% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK). Moreover, Aurora Invest Counsel has 0.66% invested in Patrick Industries, Inc. (NASDAQ:PATK) for 30,054 shares. Alps invested in 8,342 shares. Sei Invests Co invested in 0% or 4,251 shares. Ameritas Inv Prtn has 0% invested in Patrick Industries, Inc. (NASDAQ:PATK) for 1,955 shares. 34,729 are owned by California State Teachers Retirement Systems. Bancorp Of America De owns 314,965 shares. Moreover, Pdt Prns Lc has 0.12% invested in Patrick Industries, Inc. (NASDAQ:PATK) for 41,366 shares. Kbc Nv stated it has 27,359 shares. Morgan Stanley invested in 0% or 131,644 shares. Bancorp has 0.01% invested in Patrick Industries, Inc. (NASDAQ:PATK) for 10,273 shares. Nbw Ltd Llc accumulated 80,303 shares.
Patrick Industries (NASDAQ:PATK) Receives a Downgrade
BidaskScore cut the rating on Patrick Industries (NASDAQ:PATK) shares to a Hold. This, change in their rating was just made public in a note earlier today.
Patrick Industries, Inc. (NASDAQ:PATK) Ratings Coverage
Among 2 analysts covering Patrick Industries (NASDAQ:PATK), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Patrick Industries has $54 highest and $3600 lowest target. $45’s average target is -11.87% below currents $51.06 stock price. Patrick Industries had 3 analyst reports since September 4, 2019 according to SRatingsIntel. The company was maintained on Friday, October 25 by Robert W. Baird. The firm has “Underperform” rating given on Wednesday, September 4 by Bank of America.
The stock increased 2.70% or $1.34 during the last trading session, reaching $51.06. About 123,203 shares traded. Patrick Industries, Inc. (NASDAQ:PATK) has declined 24.24% since December 5, 2018 and is downtrending. It has underperformed by 24.24% the S&P500.
Analysts await Patrick Industries, Inc. (NASDAQ:PATK) to report earnings on February, 13. They expect $0.76 EPS, down 20.83 % or $0.20 from last year’s $0.96 per share. PATK’s profit will be $17.47 million for 16.80 P/E if the $0.76 EPS becomes a reality. After $0.92 actual EPS reported by Patrick Industries, Inc. for the previous quarter, Wall Street now forecasts -17.39 % negative EPS growth.
Patrick Industries, Inc. manufactures and distributes building products and materials for the recreational vehicle, manufactured housing, and industrial markets in the United States and Canada. The company has market cap of $1.17 billion. The Company’s Manufacturing segment makes and fabricates decorative vinyl and paper laminated panels; fabricated aluminum products; wrapped vinyl, paper, and hardwood profile moldings; solid surface, granite, and quartz countertops; cabinet doors and components; hardwood furniture; fiberglass bath and shower surrounds and fixtures; fiberglass marine helms; fiberglass and plastic component products; slide-out trim and fascia; interior passage doors; RV paintings; softwoods lumber; simulated wood and stone products; slotwall panels and components; and others. It has a 12.31 P/E ratio. It also offers custom fabrication, edge-banding, drilling, boring, and cut-to-size services.
More notable recent Patrick Industries, Inc. (NASDAQ:PATK) news were published by: Prnewswire.com which released: “Patrick Industries, Inc. Announces Second Quarter 2019 Earnings Release and Conference Call Webcast on July 25, 2019 – PRNewswire” on July 11, 2019, also Prnewswire.com with their article: “Patrick Industries, Inc. Announces Third Quarter 2019 Earnings Release and Conference Call Webcast on October 24, 2019 – PRNewswire” published on October 10, 2019, Seekingalpha.com published: “Dividends back on at Patrick Industries – Seeking Alpha” on December 03, 2019. More interesting news about Patrick Industries, Inc. (NASDAQ:PATK) were released by: Finance.Yahoo.com and their article: “Patrick Industries (PATK) Q2 Earnings and Revenues Top Estimates – Yahoo Finance” published on July 25, 2019 as well as Seekingalpha.com‘s news article titled: “Patrick Industries outlines succession plan – Seeking Alpha” with publication date: November 18, 2019.
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