Patrick Industries: An Acquisitions Masterclass For Long-Term Growth [Seeking Alpha]
Patrick Industries, Inc. (PATK)
Last patrick industries, inc. earnings: 4/30 08:00 am
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US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=93682&p=irol-irhome
Company Research
Source: Seeking Alpha
The company has achieved outstanding growth in the past 10 years: 38.8% CAGR in free cash flow, 19.28% CAGR in revenues and 20.71% CAGR in EPS to name a few. The balance sheet is fairly clean: current ratio above 2x in the last decade and a net leverage ratio on track to the 2.25-2.5 desired range. PATK has executed a very well-timed and accretive acquisition strategy, taking over multiple companies every year. Based on a discounted cash flow analysis, PATK seems to be trading with a 30% discount on its fair price. It is certainly difficult to look the other way when one stumbles across an impressive stock momentum. And I certainly got intrigued by Patrick Industries, Inc. ( NASDAQ: PATK )'s share price appreciation of 50% in the Recommended For You Recommended For You About PATK Stock
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PATK
News
- Patrick Industries First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Patrick Industries, Inc. (NASDAQ: PATK) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $126.00 price target on the stock, up previously from $120.00.MarketBeat
- Patrick Industries, Inc. (NASDAQ:PATK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Patrick Industries, Inc. (NASDAQ: PATK) had its price target raised by analysts at BMO Capital Markets from $120.00 to $125.00. They now have an "outperform" rating on the stock.MarketBeat
- ROCKFORD FOSGATE® IS OFFICIAL MOTORCYCLE AUDIO PARTNER OF HARLEY-DAVIDSON MUSEUM [Yahoo! Finance]Yahoo! Finance
PATK
Earnings
- 5/2/24 - Beat
PATK
Sec Filings
- 5/9/24 - Form 4
- 5/9/24 - Form 10-Q
- 5/2/24 - Form 8-K
- PATK's page on the SEC website