Are Analysts Bullish about Patrick Industries, Inc. (NASDAQ:PATK) after last week?

July 17, 2017 - By Clifton Ray

 Are Analysts Bullish about Patrick Industries, Inc. (NASDAQ:PATK) after last week?
Investors sentiment decreased to 1.15 in Q4 2016. Its down 0.20, from 1.35 in 2016Q3. It dropped, as 16 investors sold Patrick Industries, Inc. shares while 57 reduced holdings. 32 funds opened positions while 52 raised stakes. 13.01 million shares or 2.07% less from 13.29 million shares in 2016Q3 were reported.
Quantbot Techs Ltd Partnership has invested 0% in Patrick Industries, Inc. (NASDAQ:PATK). Pnc Fincl Ser has invested 0.06% in Patrick Industries, Inc. (NASDAQ:PATK). Public Sector Pension Board holds 10,000 shares or 0.01% of its portfolio. First Tru Advsrs L P holds 0.01% or 35,269 shares. Rhumbline Advisers has invested 0% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK). 22,758 were reported by Clark Cap Mgmt Group. 22,611 were accumulated by Gsa Capital Ptnrs Limited Liability Partnership. Aperio Grp Incorporated Ltd Liability Com reported 0% in Patrick Industries, Inc. (NASDAQ:PATK). The New York-based Art Lc has invested 0.06% in Patrick Industries, Inc. (NASDAQ:PATK). Legal And General Grp Public Limited Co invested in 24,009 shares. Wexford Cap Ltd Partnership has invested 0.04% in Patrick Industries, Inc. (NASDAQ:PATK). Geode Capital Limited Liability Company holds 114,859 shares or 0% of its portfolio. Highbridge Management Llc holds 0.01% or 7,369 shares. 179,262 are owned by Stifel. Alpine Woods Investors Ltd Liability invested in 0.02% or 4,591 shares.

Since January 24, 2017, it had 2 buys, and 7 insider sales for $2.64 million activity. The insider GENDELL JEFFREY L ET AL sold $404,154. $853,018 worth of Patrick Industries, Inc. (NASDAQ:PATK) was sold by Cleveland Todd M. $56,005 worth of Patrick Industries, Inc. (NASDAQ:PATK) was sold by Rodino Jeff on Wednesday, February 22. $236,991 worth of stock was sold by WELLS WALTER E on Tuesday, February 21.

Patrick Industries, Inc. (NASDAQ:PATK) Ratings Coverage

Among 2 analysts covering Patrick Industries (NASDAQ:PATK), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Patrick Industries had 3 analyst reports since March 31, 2016 according to SRatingsIntel. The company was upgraded on Wednesday, August 17 by CL King. The firm earned “Buy” rating on Thursday, June 16 by Sidoti. CL King downgraded the shares of PATK in report on Thursday, March 31 to “Neutral” rating. Below is a list of Patrick Industries, Inc. (NASDAQ:PATK) latest ratings and price target changes.

About 67,336 shares traded. Patrick Industries, Inc. (NASDAQ:PATK) has risen 37.12% since July 17, 2016 and is uptrending. It has outperformed by 20.42% the S&P500.

Patrick Industries, Inc. is a manufacturer of component products and distributor of building products and materials for the recreational vehicle and manufactured housing (MH) industrial markets for clients throughout the United States and Canada. The company has market cap of $1.24 billion. In addition, it is a supplier to certain other industrial markets, such as kitchen cabinet, office and household furniture, fixtures and commercial furnishings, marine, and other industrial markets. It has a 18.67 P/E ratio. The Company’s divisions include Manufacturing and Distribution.

More news for Patrick Industries, Inc. (NASDAQ:PATK) were recently published by: Prnewswire.com, which released: “Patrick Industries, Inc. Completes Acquisition of Wire Design” on July 17, 2017. Zacks.com‘s article titled: “Here’s Why You Should Add Patrick Industries (PATK) Now” and published on June 19, 2017 is yet another important article.

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