Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Patrick Industries, Inc. before investing.

In this article, we go over a few key elements for understanding Patrick Industries, Inc.’s stock price such as:

• Patrick Industries, Inc.’s current stock price and volume
• Why Patrick Industries, Inc.’s stock price changed recently
• Upgrades and downgrades for PATK from analysts
• PATK’s stock price momentum as measured by its relative strength

About Patrick Industries, Inc. (PATK)

Before we jump into Patrick Industries, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Patrick Industries, Inc. is a component solutions provider for the recreational vehicle (RV), marine, powersports and housing markets. The Company’s segments include Manufacturing, which offers laminated products for furniture, shelving, walls and countertops; decorative vinyl, wrapped vinyl, paper laminated panels and vinyl printing; solid surface, granite and quartz countertops; fabricated aluminum products; and other products, and Distribution segment, which provides pre-finished wall and ceiling panels, drywall and drywall finishing products, interior and exterior lighting products, wiring, electrical and plumbing products, transportation and logistics services and other products. It operates through a network that includes approximately 179 manufacturing plants and 62 warehouse and distribution facilities located in 23 states with presence in Mexico, China, and Canada. It also serves original equipment manufacturers (OEMs), and various other industrial markets.

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Patrick Industries, Inc.’s Stock Price as of Market Close

As of May 02, 2024, 4:00 PM, CST, Patrick Industries, Inc.’s stock price was $110.34.

Patrick Industries, Inc. is up 6.03% from its previous closing price of $104.06.

During the last market session, Patrick Industries, Inc.’s stock traded between $101.76 and $105.94. Currently, there are 21.45 million shares of Patrick Industries, Inc. stock available for purchase.

Patrick Industries, Inc.’s price-earnings (P/E) ratio is currently at 16.0, which is low compared to the Construction Supplies & Fixtures industry median of 20.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Patrick Industries, Inc. Stock Price History

Patrick Industries, Inc.’s (PATK) price is currently up 5.6% so far this month.

During the month of May, Patrick Industries, Inc.’s stock price has reached a high of $111.66 and a low of $101.76.

Over the last year, Patrick Industries, Inc. has hit prices as high as $123.58 and as low as $63.57. Year to date, Patrick Industries, Inc.’s stock is up 82.08%.

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What Caused Patrick Industries, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 01, 2024, there were 0 analysts who downgraded Patrick Industries, Inc.’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Patrick Industries, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Patrick Industries, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Patrick Industries, Inc.’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Patrick Industries, Inc. (PATK) by visiting AAII Stock Evaluator.

Relative Price Strength of Patrick Industries, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 01, 2024, Patrick Industries, Inc. has a weighted four-quarter relative price strength of 5.03%, which translates to a Momentum Score of 77 and is considered to be Strong.

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Patrick Industries, Inc. Stock Price: Bottom Line

As of May 2, 2024, Patrick Industries, Inc.’s stock price is $110.34, which is up 6.03% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Patrick Industries, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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