(PATK) Patrick Industries - Ratings and Ratios

Patrick Industries, Inc. is a diversified manufacturer and distributor of a wide range of products, including building materials, components, and accessories, serving various industries such as recreational vehicles, marine, powersports, manufactured housing, and industrial markets across North America and China.

The companys manufacturing capabilities encompass a broad portfolio of products, including laminated materials, cabinet doors, fiberglass bath fixtures, and various other components used in the production of RVs, boats, and manufactured homes. Additionally, they produce a range of products for the industrial market, such as aluminum products, fiberglass and plastic components, and wiring and wire harnesses.

The Distribution segment complements the Manufacturing segment by providing a wide array of products, including pre-finished wall and ceiling panels, drywall and finishing products, electronic and audio system components, and marine accessories, to various industries. The company also offers transportation and logistics services, further enhancing its value proposition to customers.

With a history dating back to 1959, Patrick Industries has established itself as a significant player in the industries it serves, leveraging its expertise and capabilities to drive growth and expansion. The companys commitment to delivering high-quality products and services has enabled it to build strong relationships with its customers and maintain a competitive edge in the market.

Analyzing the , we can see that the stock has been trending upwards, with the short-term and long-term moving averages indicating a positive momentum. The Average True Range (ATR) suggests a moderate level of volatility. Combining this with the , we can observe that the company has a market capitalization of approximately $3 billion and a forward P/E ratio of 21.14, indicating a relatively stable valuation. The Return on Equity (RoE) of 12.59% suggests that the company is generating healthy profits.

Based on the analysis of both and , a forecast for Patrick Industries Inc. could be that the stock is likely to continue its upward trend, driven by the companys strong fundamentals and positive technical indicators. As the company continues to expand its product offerings and enhance its distribution capabilities, it is well-positioned to capitalize on growth opportunities in the industries it serves. With a stable valuation and healthy profitability, the stock may be an attractive option for investors seeking exposure to the building products sector.