Patrick Industries stock hits all-time high at 98.92 USD

Patrick Industries (NASDAQ:PATK) Inc. stock reached an all-time high of 98.92 USD, marking a significant milestone for the company. According to InvestingPro data, the company maintains a "GOOD" financial health rating, with a current ratio of 2.41x indicating strong liquidity. Over the past year, the stock has experienced a robust increase, with a 1-year change of 35.69%. This upward trajectory reflects the company’s strong performance and investor confidence in its growth prospects. The company has demonstrated consistent shareholder returns, raising its dividend for 6 consecutive years, with a current yield of 1.68%. The new high underscores Patrick Industries’ ability to navigate market challenges and capitalize on opportunities within its industry. As the stock continues to perform well, stakeholders are optimistic about its future potential, supported by analyst targets ranging from $80 to $110 per share. Discover more insights and 6 additional ProTips with an InvestingPro subscription.

In other recent news, Patrick Industries reported impressive financial results for the first quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $1.11, exceeding the forecast of $0.97, and reported revenue of $1 billion, which was higher than the anticipated $960.2 million. This represents a 7% increase in revenue year-over-year. Additionally, Patrick Industries completed two acquisitions and repurchased $8.5 million of stock during the quarter. KeyBanc Capital Markets reiterated its Overweight rating on Patrick Industries, maintaining a price target of $100, highlighting the company’s diversified exposure across multiple segments. The research firm expressed optimism about Patrick Industries’ long-term opportunities for organic growth and acquisitions. Despite challenges in the leisure vehicle market, KeyBanc noted the company’s consistent growth and margin performance as key strengths. These developments reflect Patrick Industries’ strategic initiatives and strong operational performance amid a dynamic market landscape.

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