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Patrick Industries Inc

Patrick Industries, Inc. (PATK) is a major supplier of building products and materials to the recreational vehicle (RV), manufactured housing (MH), and industrial markets. The company has a diverse product portfolio, including cabinetry, paneling, furniture, lighting, plumbing, and electrical components. Headquartered in Elkhart, Indiana, Patrick Industries has a significant presence in the Midwest and operates across the United States and Canada.

Stock Information:

Symbol: PATK

Exchange: NASDAQ

Recent Closing Price: $51.99 (as of February 24, 2023)

52-Week Range: $33.20 - $61.25

Market Capitalization: Approximately $1.2 billion (as of February 24, 2023)

Financial Highlights:

Patrick Industries, Inc. has consistently shown growth in revenue and earnings over the past years. Here are some financial highlights:

* Revenue FY2021: $2.1 billion (an increase from FY2020: $1.5 billion)

* Net Income FY2021: $141.8 million (an increase from FY2020: $58.1 million)

* Earnings Per Share (EPS) FY2021: $5.19 (an increase from FY2020: $2.13)

Growth Outlook:

Patrick Industries has a positive growth outlook due to several factors, such as:

1. Industry Trends: The RV and MH industries are growing, driven by an increasing number of first-time buyers and vacationers preferring RV travel over traditional means due to COVID-19.

2. Product and Service Expansion: Patrick Industries has grown its portfolio through strategic acquisitions and partnerships, diversifying its offerings and expanding its customer base.

3. Geographic Reach: Patrick Industries has a strong presence in key regions where its target markets are concentrated, enabling it to serve customers better and capitalize on regional market trends.

Analyst Opinions and Recommendations:

While it's prudent to consult the latest analyst opinions and recommendations from financial institutions, some recent analyses include:

* Buy rating with a price target of $59 (as of February 2023)

* Outperform rating with a price target of $56 (as of January 2023)

* Market Perform rating with a price target of $52 (as of December 2022)

Investors should always be aware that stock prices can be volatile and should conduct their own due diligence before making investment decisions.