The stock decreased 0.31% or $0.048 during the last trading session, reaching $15.632. About 37,965 shares traded. First Trust Enhanced Equity Income Fund (FFA) has risen 19.38% since March 13, 2017 and is uptrending. It has outperformed by 2.68% the S&P500.
The stock of Patrick Industries, Inc. (NASDAQ:PATK) is a huge mover today! The stock increased 2.18% or $1.425 during the last trading session, reaching $66.675. About 163,743 shares traded. Patrick Industries, Inc. (NASDAQ:PATK) has risen 37.12% since March 13, 2017 and is uptrending. It has outperformed by 20.42% the S&P500.The move comes after 6 months positive chart setup for the $1.70B company. It was reported on Mar, 13 by Barchart.com. We have $72.01 PT which if reached, will make NASDAQ:PATK worth $135.84 million more.
Arete Wealth Advisors Llc holds 0.97% of its portfolio in First Trust Enhanced Equity Income Fund for 161,808 shares. North Star Investment Management Corp. owns 305,869 shares or 0.58% of their US portfolio. Moreover, Blue Bell Private Wealth Management Llc has 0.36% invested in the company for 50,720 shares. The Virginia-based Shaker Financial Services Llc has invested 0.34% in the stock. Karpus Management Inc., a New York-based fund reported 402,683 shares.
Among 6 analysts covering Patrick Industries (NASDAQ:PATK), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Patrick Industries has $93 highest and $66.0 lowest target. $75.50’s average target is 13.24% above currents $66.675 stock price. Patrick Industries had 10 analyst reports since March 31, 2016 according to SRatingsIntel. Bank of America maintained the shares of PATK in report on Tuesday, October 24 with “Buy” rating. The company was initiated on Thursday, June 16 by Sidoti. The company was maintained on Wednesday, January 24 by Bank of America. The stock of Patrick Industries, Inc. (NASDAQ:PATK) earned “Neutral” rating by CL King on Thursday, March 31. Robert W. Baird maintained the shares of PATK in report on Thursday, February 15 with “Buy” rating. The stock of Patrick Industries, Inc. (NASDAQ:PATK) earned “Hold” rating by Wells Fargo on Thursday, December 14. The company was maintained on Wednesday, August 30 by Robert W. Baird. The rating was upgraded by CL King on Wednesday, August 17 to “Buy”. The firm earned “Buy” rating on Friday, December 22 by Robert W. Baird.
Since September 18, 2017, it had 2 insider buys, and 12 sales for $11.83 million activity. NEMETH ANDY L sold $255,660 worth of stock or 3,000 shares. Shares for $1.40 million were sold by Cleveland Todd M. GENDELL JEFFREY L ET AL also sold $2.24M worth of Patrick Industries, Inc. (NASDAQ:PATK) shares. $65,800 worth of stock was sold by Forbes John A on Thursday, December 14. On Wednesday, December 13 Kitson Michael A sold $172,370 worth of Patrick Industries, Inc. (NASDAQ:PATK) or 2,584 shares. Another trade for 1,272 shares valued at $79,460 was made by WELCH M SCOTT on Wednesday, February 21. Shares for $770,000 were sold by HASSLER PAUL E.
Patrick Industries, Inc. manufactures and distributes building products and materials for the recreational vehicle, manufactured housing, and industrial markets in the United States and Canada. The company has market cap of $1.70 billion. The Company’s Manufacturing segment makes and fabricates decorative vinyl and paper laminated panels; fabricated aluminum products; wrapped vinyl, paper, and hardwood profile moldings; solid surface, granite, and quartz countertops; cabinet doors and components; hardwood furniture; fiberglass bath and shower surrounds and fixtures; fiberglass marine helms; fiberglass and plastic component products; slide-out trim and fascia; interior passage doors; RV paintings; softwoods lumber; simulated wood and stone products; slotwall panels and components; and others. It has a 19.16 P/E ratio. It also offers custom fabrication, edge-banding, drilling, boring, and cut-to-size services.
Analysts await Patrick Industries, Inc. (NASDAQ:PATK) to report earnings on April, 26. They expect $0.92 earnings per share, up 22.67% or $0.17 from last year’s $0.75 per share. PATK’s profit will be $23.43 million for 18.12 P/E if the $0.92 EPS becomes a reality. After $0.87 actual earnings per share reported by Patrick Industries, Inc. for the previous quarter, Wall Street now forecasts 5.75% EPS growth.
Investors sentiment increased to 7.26 in Q3 2017. Its up 6.23, from 1.03 in 2017Q2. It improved, as 10 investors sold Patrick Industries, Inc. shares while 62 reduced holdings. 21 funds opened positions while 53 raised stakes. 14.87 million shares or 0.36% less from 14.92 million shares in 2017Q2 were reported. Vanguard Gp holds 0% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK) for 857,083 shares. Venator Capital Management Ltd owns 26,859 shares. Ameritas Invest Partners accumulated 0% or 1,421 shares. California Pub Employees Retirement, California-based fund reported 34,103 shares. Rk Capital Limited Co has 0.17% invested in Patrick Industries, Inc. (NASDAQ:PATK) for 8,731 shares. Dekabank Deutsche Girozentrale holds 0% or 1,018 shares. Eqis Capital Mgmt holds 2,971 shares or 0.01% of its portfolio. First Tru Advisors Limited Partnership stated it has 22,468 shares. Wells Fargo Mn invested in 0% or 86,783 shares. Victory Capital Mgmt has 0.03% invested in Patrick Industries, Inc. (NASDAQ:PATK). Oberweis Asset has 81,250 shares. Alliancebernstein L P stated it has 18,550 shares. Barclays Public Limited Com reported 738 shares. The New Jersey-based New Jersey Better Educational Savings Trust has invested 0.5% in Patrick Industries, Inc. (NASDAQ:PATK). Piedmont Advsrs Limited reported 0.01% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK).