How to Buy Patrick Industries Stock
Patrick Industries Inc
Patrick Industries, Inc. manufactures and distributes components, building products, and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, China, and Canada.
Patrick Industries stock last closed at $134.39, down 0.02% from the previous day, and has increased 63.93% in one year. It has overperformed other stocks in the Furnishings Fixtures & Appliances industry by 0.29 percentage points. Patrick Industries stock is currently +62.42% from its 52-week low of $82.74, and -9.41% from its 52-week high of $148.35.
There are currently 22.4M PATK shares outstanding. The market value of PATK is $3.01B. In the past 24 hours, 100,077 PATK shares were traded.
How to Buy Patrick Industries Stock
Not sure how to invest in Patrick Industries stock? Here's how.
- Figure out where to buy Patrick Industries stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Patrick Industries stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Select your method of payment and add your information.
- Analyze Patrick Industries stock: The Patrick Industries ticker symbol is PATK. Is Patrick Industries stock a good investment? Should you buy shares of PATK? How do PATK's underlying business fundamentals look? Do top analysts think Patrick Industries is a good buy? Why has PATK's stock price moved recently? (Hint: Our stock research website can help you figure out if PATK is a good stock to buy).
- Execute your PATK trade: Decide if you will purchase PATK shares at the current market price or use a limit order to purchase PATK shares at a specific price.
- Get the latest news on your investment in PATK: Create a watchlist to keep tabs on your position in Patrick Industries shares.
Step 1: Figure out where to buy Patrick Industries stock
You will need an online brokerage account in order to access the NASDAQ market and buy PATK stock.
Our favorite brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. Here's why:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to global financial markets: From Technology to Real Estate, New York to London — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by creating an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal details so you are able to buy PATK today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start a new trading account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have filled out your info on a good online stock trading app, you need to deposit funds:
Check out the walkthrough below if you need help transferring money into your new investment account.
Step 4: Analyze Patrick Industries stock
Once you have chosen the best place to buy Patrick Industries stock, it's crucial to research their stock before you invest, so you actually wrap your head around the risk and opportunity.
Patrick Industries quick stats
PATK Due Diligence Checks
WallStreetZen was built to help part-time investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on PATK's stock page.
How is PATK stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge PATK's fair value.
Using relative valuations ratios:
- PATK may be undervalued based on its P/E ratio of 18.82x, relative to Furnishings Fixtures & Appliances industry P/E ratio of 22.85x
- PATK may be overvalued based on its P/B ratio of 2.67x, relative to Furnishings Fixtures & Appliances industry P/B ratio of 2.51x
You can access additional valuation analysis on PATK's stock here.
A look at PATK Cashflows and Balance Sheet
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the PATK balance sheet.
- Total PATK debt is lower than 5 years ago, relative to shareholder equity.
- PATK's operating cash flow of $339.03M allows it to safely service it's debt of $1.60B.
Negative Financial Indicators:
- PATK profit margin of X% has stayed the same in the past year.
- PATK has a relatively high debt to equity ratio of 1.77.
- PATK earnings of $275.76M is not enough to cover its interest payments.
- There are more long-term liabilities than short-term assets on the PATK balance sheet.
Do Wall Street analysts think it's a good time to buy PATK stock
Out of 7 Wall Street analysts who track PATK, the consensus analyst rating on Patrick Industries is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent PATK Analyst Forecasts
Brandon Rolle, a top 38% analyst from DA Davidson maintains PATK with a hold rating and raises their PATK price target from $108.00 to $114.00, on Aug 5, 2024.
Craig Kennison, a top 21% analyst from Baird maintains PATK with a buy rating and raises their PATK price target from $120.00 to $128.00, on Aug 2, 2024.
You can dig deeper into what analysts are saying on the Patrick Industries stock forecast page.
PATK Trading Indicators
How is PATK performing as a company?
Last year, PATK earnings were $154.66M. In the past five year, PATK's earnings have gone up by 11.3% per year. This was slower than the Furnishings Fixtures & Appliances industry average of 35.43%.
Last year, PATK revenue was $3.65B. During the past five year, PATK's revenue has grown by 9.5% per year. This was faster than the Furnishings Fixtures & Appliances industry average of 8.86%.
You can research PATK's earnings and revenue performance here.
Are PATK executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at PATK have sold more shares than they have bought.
Andy L. Nemeth, Chief Executive Officer of PATK, was the latest PATK insider to sell. They sold $1,406,380.00 worth of PATK stock on Nov 25, 2024.
Research more about who owns PATK shares here.
Can I rely on PATK as an income stream?
Patrick Industries pays a dividend of 1.67%, compared to the Furnishings Fixtures & Appliances industry's average dividend yield of 3.58%. If you owned $1,000 worth of PATK stock, you would have received $16.74 last year.
Patrick Industries dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Patrick Industries dividend yield and history here.
Get opinions from other traders
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your PATK trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, place a limit order.
Press the Open Trade button and eToro will execute the order.
If you require more help with buying stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your investment in PATK
Now that you own some shares in PATK, you'll want to keep up with your new company.
Start a watchlist to track the latest developments regarding your PATK stock.
PATK Feed
How to Buy Stock in Patrick Industries
To summarize, here are the 6 steps for buying Patrick Industries stock:
- Figure out where to buy Patrick Industries stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Analyze Patrick Industries stock
- Execute your PATK trade
- Get the latest news on your investment in PATK
If you are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Patrick Industries, hit the button below to create your watchlist.
Related Articles
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.