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Upturn AI SWOT - About
PATK 
Patrick Industries Inc (PATK)
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Upturn Advisory Summary
04/01/2025: PATK (3-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 39.02% | Avg. Invested days 54 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.86B USD | Price to earnings Ratio 20.71 | 1Y Target Price 104.1 |
Price to earnings Ratio 20.71 | 1Y Target Price 104.1 | ||
Volume (30-day avg) 370222 | Beta 1.74 | 52 Weeks Range 66.16 - 98.19 | Updated Date 04/1/2025 |
52 Weeks Range 66.16 - 98.19 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 1.89% | Basic EPS (TTM) 4.11 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 3.72% | Operating Margin (TTM) 4.68% |
Management Effectiveness
Return on Assets (TTM) 5.78% | Return on Equity (TTM) 12.73% |
Valuation
Trailing PE 20.71 | Forward PE 16.05 | Enterprise Value 4352596587 | Price to Sales(TTM) 0.77 |
Enterprise Value 4352596587 | Price to Sales(TTM) 0.77 | ||
Enterprise Value to Revenue 1.17 | Enterprise Value to EBITDA 10.25 | Shares Outstanding 33644700 | Shares Floating 32165681 |
Shares Outstanding 33644700 | Shares Floating 32165681 | ||
Percent Insiders 4.48 | Percent Institutions 102.7 |
Analyst Ratings
Rating 4.1 | Target Price 103.8 | Buy 4 | Strong Buy 4 |
Buy 4 | Strong Buy 4 | ||
Hold 1 | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Patrick Industries Inc
Company Overview
History and Background
Patrick Industries was founded in 1959 as a distributor of hardwood lumber and paneling products. Over time, it expanded into manufacturing and distribution of components and building products for the recreational vehicle (RV), manufactured housing (MH), and industrial markets.
Core Business Areas
- RV: Manufactures and distributes a wide range of components and building products for RVs, including interior and exterior products, electronics, and chassis components.
- MH: Provides similar products for the manufactured housing industry, focusing on items like wall panels, roofing materials, and cabinets.
- Marine: Patrick Industries produces components for the Marine industry including boat covers, canvas and other related products.
- Industrial: Supplies components and materials to various industrial customers. Includes industrial building products and construction products
Leadership and Structure
Todd Cleveland is the CEO. The company has a typical corporate structure with departments for finance, operations, sales, and marketing.
Top Products and Market Share
Key Offerings
- Interior Components: Cabinets, countertops, furniture, and decorative trim. Market share varies but is significant within the RV and MH industries. Competitors include Drew Industries (LCI) and various smaller regional suppliers.
- Exterior Components: Sidewalls, roofing, and other exterior materials. Significant market share in the RV and MH sectors. Competitors include LP Building Solutions and other building material manufacturers.
- Chassis Components: Axles, suspensions, and other undercarriage parts for RVs. Competitors are Dexter Axle.
- Awnings and Covers: For both RVs and Boats. Competitors include Carefree of Colorado and Dometic Group AB.
Market Dynamics
Industry Overview
The RV and MH industries are cyclical, influenced by economic conditions and consumer confidence. The marine and housing industry is also influenced by interest rates and demand for construction materials.
Positioning
Patrick Industries is a leading supplier of components and building products to the RV and MH industries, with a strong reputation for quality and service.
Total Addressable Market (TAM)
The TAM for RV and MH components is estimated to be in the billions of dollars annually. Patrick Industries is well-positioned to capture a significant share of this market.
Upturn SWOT Analysis
Strengths
- Diversified product portfolio
- Strong relationships with key customers
- Extensive distribution network
- Vertically integrated operations
Weaknesses
- Cyclical nature of the RV and MH industries
- Reliance on a few large customers
- Exposure to raw material price fluctuations
- High debt levels
Opportunities
- Expanding into new markets (e.g., international)
- Acquiring complementary businesses
- Developing innovative new products
- Increasing demand in RV and MH industries.
Threats
- Economic downturn
- Increased competition
- Rising raw material costs
- Changes in consumer preferences
Competitors and Market Share
Key Competitors
- LCI
- THO
- WGO
Competitive Landscape
Patrick Industries competes on product breadth, quality, and service. It maintains an advantage through vertical integration and long-standing customer relationships. It is disadvantaged by its high debt levels.
Major Acquisitions
Elkhart Supply Corporation (ESCO)
- Year: 2022
- Acquisition Price (USD millions): 150
- Strategic Rationale: Expanded product offerings in RV components and accessories.
Growth Trajectory and Initiatives
Historical Growth: Patrick Industries has grown through organic expansion and acquisitions. Past performance depends heavily on RV and MH market conditions.
Future Projections: Future growth depends on industry analysts' estimates, which are subject to change based on economic conditions and company performance.
Recent Initiatives: Recent initiatives include acquisitions to expand product offerings and market share.
Summary
Patrick Industries is a leading supplier in the RV and MH component markets, leveraging a diversified product portfolio and strong customer relationships. The company's cyclical exposure and debt levels pose risks, while expansion opportunities and innovation offer future growth potential. Its acquisition strategy has proven to be successful in recent years. Investors should closely monitor economic conditions, raw material costs, and any shifts in consumer preferences. Patrick Industries is a company with solid potential, but vulnerable due to the markets it serves.
Similar Companies
BLDR
Builders FirstSource Inc
BLDR
Builders FirstSource Inc
FND
Floor & Decor Holdings Inc
FND
Floor & Decor Holdings Inc
THO
Thor Industries Inc
THO
Thor Industries Inc
WGO
Winnebago Industries Inc
WGO
Winnebago Industries Inc
Sources and Disclaimers
Data Sources:
- Company filings, Industry reports, Analyst estimates
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions and company performance can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Patrick Industries Inc
Exchange NASDAQ | Headquaters Elkhart, IN, United States | ||
IPO Launch date 1978-01-13 | CEO & Chairman of the Board Mr. Andy L. Nemeth | ||
Sector Consumer Cyclical | Industry Furnishings, Fixtures & Appliances | Full time employees 10000 | Website https://ir.patrickind.com |
Full time employees 10000 | Website https://ir.patrickind.com | ||
Patrick Industries, Inc. manufactures and distributes component products and materials for the recreational vehicle, marine, powersports, 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 cabinetry; polymer-based and other flooring products; and dash panels. This segment also provides wrapped vinyl, paper, and hardwood profile mouldings; interior passage doors; air handling products; slide-out trim and fascia; treated, untreated, and laminated plywood; fiberglass and plastic helm systems and components; boat towers, tops, trailers, and frames; adhesives and sealants; thermoformed shower surrounds; specialty bath, and closet building products; wiring and wire harnesses; aluminum and plastic fuel tanks; CNC molds, composite parts, and marine hardware and accessories; slotwall panels and components; and other products. The company's Distribution segment distributes pre-finished wall and ceiling panels, drywall and finishing products, electronic and audio system components, appliances, and marine accessories; wiring, electrical, and plumbing products; fiber reinforced polyester products; and cement siding, raw and processed lumber, interior passage, roofing, laminate, and ceramic flooring products, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, and other products. This segment also offers transportation and logistics services. Patrick Industries, Inc. was incorporated in 1959 and is based in Elkhart, Indiana.
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