Home Sectors Consumer Cyclical Technicals and Fundamentals: Patrick Industries (NASDAQ: PATK)

Technicals and Fundamentals: Patrick Industries (NASDAQ: PATK)


Patrick Industries is part of the consumer cyclical sector and is in the manufacturing apparel and furniture industry. The company CEO is Todd M. Cleveland. Patrick Industries Inc is a manufacturer of component products and distributor of building products and materials to the recreational vehicle and manufactured housing industries.

Previous Intraday Trading Performance:

The PATK stock showed a previous change of 1.74% with an open at 60.45 and a close of 61.55. It reached an intraday high of 61.75 and a low of 60.45.

SeekingAlpha:  Patrick Industries, Inc (PATK) CEO Todd Cleveland on Q2 2018 Results - Earnings Call Transcript


The stock has a market cap of $1.5b with 24.8m shares outstanding, of which the float is 23.3m shares. Trading volume reached 133,457 shares compared to its average volume of 195,428 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Patrick Industries shares returned 3.27% and in the past 30 trading days it returned 6.49%. Over three months, it changed 4.32%. In one year it has changed 23.93% and within that year its 52-week high was 72.35 and its 52-week low was 45.30. PATK stock is 35.87% above its 52 Week Low.

Our calculations show a 200 day moving average of 61.84 and a 50 day moving average of 60.01. Currently PATK stock is trading -0.46% below its 200 day moving average and may be a good opportunity to buy, but should check other indicators to confirm a buy signal.

SeekingAlpha:  Patrick Industries, Inc (PATK) CEO Todd Cleveland on Q2 2018 Results - Earnings Call Transcript


The last annual fiscal EPS for the company was reported at 3.49 that ended on 31st of December 2017, which according to the previous close, that is a PE of 17.64. Based on 4 analyst estimates, the consensus EPS for the next quarter is 1.21. The TTM EPS is 4.21, which comes to a TTM PE of 14.62. Historically, the PE high was 29.10 and the PE low was 4.10. If the stock reached its PE low, that would represent a price of 17.26, which is a decrease of -71.96%.

The following are the last four quarter reported earnings per share:
06-30-2018:  1.42
03-31-2018:  1.20
12-31-2017:  0.87
09-30-2017:  0.72

Base on our calculations, the intrinsic value per share is 119.98, which means it is possibly undervalued and has a margin of safety of 48.70%

Indicators to Watch:

Based on the latest filings, there is 6.00% of insider ownership and 96.40% of institutional ownership. Short-interest is 1,955,806, which is 7.89% of shares outstanding. The short-interest ratio or days-to-cover ratio is 10.36. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 0.82

SeekingAlpha:  Oritani Financial reports Q4 results

Fundamental Indicators:

Based on last reported financials, the company's return on equity is 30.92%, return on assets is 11.91%, profit margin is 5.49%, price-to-sales is 0.73 and price-to-book is 3.69.

Company Scores:

All scores are out of six:
 4  :Valuation Score
 5  :Past Performance Score
 3  :Financial Strength Score
 3  :Future Growth Score
 0  :Dividend Score
 3  :Overall Score

John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks. Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.


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