Patrick Industries (PATK) has raised its quarterly dividend by 17.9% to $0.33 per share.
See Insiders’ Hot Stocks on TipRanks >>
Upbeat Q3 Results
On October 28, Patrick Industries reported strong Q3 results. Earnings of $2.45 per share outpaced the Street’s estimates of $2.02. Total revenues of $1.1 billion were above the consensus estimate of $963.33 million.
Wall Street’s Take
Robert W. Baird analyst Craig Kennison recently reiterated a Buy rating on Patrick Industries with a price target of $104 (25.9% upside potential).
The Wall Street community is cautiously optimistic about the stock, with a Moderate Buy consensus rating based on two Buys. The average Patrick Industries price target of $97 implies 17.4% upside potential to current levels.
Related News:
California Resources Posts Q3 Beat, Shares Rise
Pretium Resources Misses Q3 Expectations
Oracle Extends Partnership with Airtel to Boost Digital Economy
