<div id="readability-page-1"><p><strong>Patrick Industries, Inc.</strong> (NASDAQ:PATK - Get Free Report) declared a quarterly dividend on Friday, August 15th, RTT News reports. Stockholders of record on Monday, August 25th will be given a dividend of 0.40 per share by the construction company on Monday, September 8th. This represents a c) annualized dividend and a dividend yield of 1.4%.</p><ul><li>3 Undervalued And Under-the-Radar Automotive Stocks</li></ul><p>Patrick Industries has a dividend payout ratio of 29.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Patrick Industries to earn $6.37 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 25.1%. </p><div><p><span></span><span>Get <strong>Patrick Industries</strong> alerts:</span></p></div><h2>Patrick Industries Trading Down 0.7%</h2><p>Shares of Patrick Industries stock traded down $0.77 on Friday, hitting $111.74. The stock had a trading volume of 25,181 shares, compared to its average volume of 358,333. The stock has a 50 day moving average of $97.00 and a 200 day moving average of $90.06. Patrick Industries has a twelve month low of $72.99 and a twelve month high of $114.26. The firm has a market capitalization of $3.72 billion, a P/E ratio of 30.30, a PEG ratio of 1.62 and a beta of 1.23. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.75 and a current ratio of 1.96. </p><p>Patrick Industries (NASDAQ:PATK - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. Patrick Industries had a return on equity of 13.04% and a net margin of 3.30%. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the prior year, the business posted $2.16 earnings per share. The firm's revenue was up 3.0% on a year-over-year basis.  Sell-side analysts expect that  Patrick Industries will post 5.33 earnings per share for the current fiscal year. </p><h2>Insiders Place Their Bets</h2><p>In other Patrick Industries news, Director John A. Forbes sold 2,875 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $91.62, for a total value of $263,407.50. Following the completion of the sale, the director owned 52,591 shares in the company, valued at approximately $4,818,387.42. The trade was a 5.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Todd M. Cleveland acquired 1,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was bought at an average price of $82.75 per share, with a total value of $82,750.00. Following the transaction, the director directly owned 133,286 shares of the company's stock, valued at approximately $11,029,416.50. The trade was a 0.76% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 8,071 shares of company stock valued at $691,164 over the last quarter. 4.40% of the stock is owned by corporate insiders. </p><h2>Institutional Trading of Patrick Industries</h2><p>Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its holdings in  Patrick Industries by 2.1% in the second quarter. Bank of Montreal Can now owns 5,200 shares of the construction company's stock worth $480,000 after purchasing an additional 106 shares in the last quarter.  Atria Investments Inc increased its holdings in shares of  Patrick Industries by 3.0% during the second quarter. Atria Investments Inc now owns 3,806 shares of the construction company's stock valued at $351,000 after acquiring an additional 112 shares in the last quarter.  James Investment Research Inc. increased its holdings in shares of  Patrick Industries by 0.8% during the first quarter. James Investment Research Inc. now owns 15,654 shares of the construction company's stock valued at $1,324,000 after acquiring an additional 125 shares in the last quarter.  California State Teachers Retirement System increased its holdings in shares of  Patrick Industries by 0.5% during the second quarter. California State Teachers Retirement System now owns 29,535 shares of the construction company's stock valued at $2,725,000 after acquiring an additional 154 shares in the last quarter.  Finally, Smartleaf Asset Management LLC increased its holdings in shares of  Patrick Industries by 27.0% during the first quarter. Smartleaf Asset Management LLC now owns 753 shares of the construction company's stock valued at $63,000 after acquiring an additional 160 shares in the last quarter. Institutional investors own  93.29% of the company's stock. </p><h2>Patrick Industries Company Profile</h2> (Get Free Report)<p>Patrick Industries, Inc manufactures and distributes component products and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada. Its Manufacturing segment manufactures and sells laminated products for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum products; fiberglass and plastic components; RV paintings; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinets; polymer-based flooring products; dash panels; and other products.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Patrick Industries</li><li>What is the FTSE 100 index? </li><li>Arista Networks: Cashing In as the Tollbooth for AI Traffic</li><li>Dividend King Proctor &amp; Gamble Is A Buy On Post-Earnings Weakness </li><li>Elbit Systems Jumps on Record Earnings and a $1.6B Contract</li><li>EV Stocks and How to Profit from Them </li><li>Microchip Technologies on Track for Macro Reversal and Rebound</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEFUSw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEFUSw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Patrick Industries Right Now?</h2><p>Before you consider Patrick Industries, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Patrick Industries wasn't on the list.</p><p>While Patrick Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PATK

<p>Patrick Industries, Inc. (NASDAQ:PATK) announced a quarterly dividend of $0.40 per share, payable on September 8th to shareholders of record on August 25th. This represents an annualized dividend yield of 1.4%. The company has a dividend payout ratio of 29.5%, indicating strong earnings coverage. Patrick Industries reported $1.50 EPS for the last quarter, exceeding estimates, with a revenue of $1.05 billion. The stock is currently trading at $111.74, down 0.7%.</p>

Patrick Industries, Inc. to Issue Quarterly Dividend of $0.40 (NASDAQ:PATK)