Patrick Industries Stock Buy Hold or Sell Recommendation
| PATK Stock | USD 134.39 0.03 0.02% |
Given the investment horizon of 90 days and complete risk avoidance on your part, our recommendation regarding Patrick Industries is 'Strong Sell'. The recommendation algorithm takes into account all of Patrick Industries' available fundamental, technical, and predictive indicators you will find on this site.
Check out Patrick Industries Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide. Note, we conduct extensive research on individual companies such as Patrick and provide practical buy, sell, or hold advice based on investors' constraints. Patrick Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Patrick |
Execute Patrick Industries Buy or Sell Advice
The Patrick recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Patrick Industries. Macroaxis does not own or have any residual interests in Patrick Industries or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Patrick Industries' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Patrick Industries Trading Alerts and Improvement Suggestions
| Patrick Industries is unlikely to experience financial distress in the next 2 years | |
| Over 96.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Patrick Industries Inc CEO Andy Nemeth Sells 30,000 Shares |
Patrick Industries Returns Distribution Density
The distribution of Patrick Industries' historical returns is an attempt to chart the uncertainty of Patrick Industries' future price movements. The chart of the probability distribution of Patrick Industries daily returns describes the distribution of returns around its average expected value. We use Patrick Industries price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Patrick Industries returns is essential to provide solid investment advice for Patrick Industries.
| Mean Return | 0.09 | Value At Risk | -3.01 | Potential Upside | 4.03 | Standard Deviation | 2.50 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Patrick Industries historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Patrick Stock Institutional Investors
| Shares | Charles Schwab Investment Management Inc | 2024-09-30 | 353.6 K | T. Rowe Price Associates, Inc. | 2024-06-30 | 334.4 K | Macquarie Group Ltd | 2024-06-30 | 328.4 K | Amvescap Plc. | 2024-06-30 | 315.2 K | Gw&k Investment Management, Llc | 2024-09-30 | 286.3 K | Bank Of New York Mellon Corp | 2024-06-30 | 272.2 K | Ing Investment Management Llc | 2024-06-30 | 260.9 K | Northern Trust Corp | 2024-09-30 | 229.6 K | Tributary Capital Management, Llc | 2024-06-30 | 205.8 K | Blackrock Inc | 2024-06-30 | 3.5 M | Fmr Inc | 2024-09-30 | 3.2 M |
Patrick Industries Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 19.7M | (34.6M) | (232.5M) | (11.9M) | 162.2M | 170.3M | |
| Change In Cash | 132.5M | (94.6M) | 78.1M | (100.0M) | (11.4M) | (10.9M) | |
| Free Cash Flow | 164.7M | 128.1M | 187.3M | 331.9M | 349.7M | 367.2M | |
| Depreciation | 62.8M | 73.3M | 104.8M | 130.8M | 144.5M | 151.8M | |
| Capital Expenditures | 27.7M | 32.1M | 64.8M | 79.9M | 59.0M | 61.9M | |
| Net Income | 89.6M | 97.1M | 224.9M | 328.2M | 142.9M | 150.0M | |
| End Period Cash Flow | 139.4M | 44.8M | 122.8M | 22.8M | 11.4M | 13.1M | |
| Other Non Cash Items | 5.4M | 11.2M | 13.5M | 1.1M | 3.5M | 4.1M | |
| Change To Netincome | 19.4M | 19.3M | 24.5M | 11.6M | 13.4M | 9.0M | |
| Change Receivables | 5.8M | (29.2M) | (14.4M) | 26.1M | 30.0M | 31.5M | |
| Net Borrowings | 36.7M | 134.9M | 447.4M | (64.7M) | (74.4M) | (70.7M) | |
| Investments | (79.2M) | (337.9M) | (574.7M) | (321.5M) | (188.0M) | (197.4M) |
Patrick Industries Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Patrick Industries or Building Products sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Patrick Industries' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Patrick stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.18 | |
β | Beta against Dow Jones | 2.03 | |
σ | Overall volatility | 2.52 | |
Ir | Information ratio | -0.02 |
Patrick Industries Volatility Alert
Patrick Industries currently demonstrates below-average downside deviation. It has Information Ratio of -0.02 and Jensen Alpha of -0.18. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Patrick Industries' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Patrick Industries' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Patrick Industries Fundamentals Vs Peers
Comparing Patrick Industries' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Patrick Industries' direct or indirect competition across all of the common fundamentals between Patrick Industries and the related equities. This way, we can detect undervalued stocks with similar characteristics as Patrick Industries or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Patrick Industries' fundamental indicators could also be used in its relative valuation, which is a method of valuing Patrick Industries by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Patrick Industries to competition |
| Fundamentals | Patrick Industries | Peer Average |
| Return On Equity | 0.14 | -0.31 |
| Return On Asset | 0.0597 | -0.14 |
| Profit Margin | 0.04 % | (1.27) % |
| Operating Margin | 0.08 % | (5.51) % |
| Current Valuation | 4.56 B | 16.62 B |
| Shares Outstanding | 22.4 M | 571.82 M |
| Shares Owned By Insiders | 4.43 % | 10.09 % |
| Shares Owned By Institutions | 95.57 % | 39.21 % |
| Number Of Shares Shorted | 1.67 M | 4.71 M |
| Price To Earning | 3.85 X | 28.72 X |
| Price To Book | 2.67 X | 9.51 X |
| Price To Sales | 0.82 X | 11.42 X |
| Revenue | 3.47 B | 9.43 B |
| Gross Profit | 1.06 B | 27.38 B |
| EBITDA | 260.2 M | 3.9 B |
| Net Income | 142.9 M | 570.98 M |
| Cash And Equivalents | 53.27 M | 2.7 B |
| Cash Per Share | 2.35 X | 5.01 X |
| Total Debt | 1.21 B | 5.32 B |
| Debt To Equity | 1.59 % | 48.70 % |
| Current Ratio | 2.54 X | 2.16 X |
| Book Value Per Share | 50.38 X | 1.93 K |
| Cash Flow From Operations | 408.67 M | 971.22 M |
| Short Ratio | 5.92 X | 4.00 X |
| Earnings Per Share | 6.96 X | 3.12 X |
| Price To Earnings To Growth | 1.88 X | 4.89 X |
| Target Price | 141.5 | |
| Number Of Employees | 10 K | 18.84 K |
| Beta | 1.62 | -0.15 |
| Market Capitalization | 3.01 B | 19.03 B |
| Total Asset | 2.56 B | 29.47 B |
| Retained Earnings | 843.08 M | 9.33 B |
| Working Capital | 426.13 M | 1.48 B |
Note: Disposition of 40000 shares by Rodino Jeff of Patrick Industries at 41.33 subject to Rule 16b-3 [view details]
Patrick Industries Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Patrick . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Patrick Industries Buy or Sell Advice
When is the right time to buy or sell Patrick Industries? Buying financial instruments such as Patrick Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
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Check out Patrick Industries Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Patrick Stock please use our How to buy in Patrick Stock guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patrick Industries. If investors know Patrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patrick Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Dividend Share 2.2 | Earnings Share 6.96 | Revenue Per Share 168.682 | Quarterly Revenue Growth 0.062 |
The market value of Patrick Industries is measured differently than its book value, which is the value of Patrick that is recorded on the company's balance sheet. Investors also form their own opinion of Patrick Industries' value that differs from its market value or its book value, called intrinsic value, which is Patrick Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patrick Industries' market value can be influenced by many factors that don't directly affect Patrick Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patrick Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patrick Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patrick Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.