Oregon Public Employees Retirement Fund Has $654,000 Stock Holdings in Patrick Industries, Inc. (NASDAQ:PATK)

Oregon Public Employees Retirement Fund increased its position in Patrick Industries, Inc. (NASDAQ:PATK) by 50.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,877 shares of the construction company’s stock after purchasing an additional 2,626 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Patrick Industries were worth $654,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PATK. Kestra Investment Management LLC acquired a new position in Patrick Industries during the 4th quarter valued at about $25,000. Quent Capital LLC acquired a new position in Patrick Industries during the 4th quarter valued at about $53,000. Global Retirement Partners LLC boosted its stake in Patrick Industries by 44.8% during the 4th quarter. Global Retirement Partners LLC now owns 643 shares of the construction company’s stock valued at $53,000 after purchasing an additional 199 shares during the last quarter. GAMMA Investing LLC boosted its stake in Patrick Industries by 61.2% during the 4th quarter. GAMMA Investing LLC now owns 764 shares of the construction company’s stock valued at $63,000 after purchasing an additional 290 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Patrick Industries by 35.1% during the 4th quarter. UMB Bank n.a. now owns 766 shares of the construction company’s stock valued at $64,000 after purchasing an additional 199 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Patrick Industries Trading Up 1.1 %

NASDAQ:PATK opened at $90.60 on Monday. The company has a current ratio of 2.33, a quick ratio of 0.77 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $3.05 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 1.41 and a beta of 2.26. The firm’s 50 day moving average is $90.46 and its 200 day moving average is $89.78. Patrick Industries, Inc. has a 12 month low of $67.72 and a 12 month high of $98.90.

Patrick Industries (NASDAQ:PATK) last posted its quarterly earnings results on Thursday, February 6th. The construction company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. Patrick Industries had a net margin of 3.72% and a return on equity of 13.25%. Sell-side analysts expect that Patrick Industries, Inc. will post 5.33 earnings per share for the current year.

Patrick Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.77%. Patrick Industries’s dividend payout ratio (DPR) is presently 38.83%.

Analyst Ratings Changes

PATK has been the subject of a number of analyst reports. Raymond James lifted their price target on Patrick Industries from $99.00 to $103.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Truist Financial lifted their price target on Patrick Industries from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, February 10th. KeyCorp boosted their target price on Patrick Industries from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Benchmark boosted their target price on Patrick Industries from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, StockNews.com downgraded Patrick Industries from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Patrick Industries has a consensus rating of “Moderate Buy” and an average target price of $97.96.

Patrick Industries Company Profile

Patrick Industries, Inc manufactures and distributes component products and materials for the recreational vehicle, marine, 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 cabinets; polymer-based flooring products; dash panels; and other products.