Stock BuybacksBy The Online Investor Staff, updated Tue., May. 22, 8:12 AM
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Slide #2. Patrick Industries, Inc.
Patrick Industries, Inc. (NASDAQ:PATK)
Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today that its Board of Directors (the "Board") approved an increase in the amount of the Company's common stock that may be acquired over the next 24 months under the Company's current stock repurchase program to $50.0 million, including the amount remaining under the previous authorization.
Patrick Industries is a manufacturer of component products and distributor of building products and materials serving original equipment manufacturers primarily in the recreational vehicle and manufactured housing industries. Co. manufactures a range of products including decorative vinyl and paper laminated panels, solid surface, granite and quartz countertops, fabricated aluminum products, wrapped vinyl, paper and hardwood profile mouldings, slide-out trim and fascia, cabinet doors and components, hardwood furniture, fiberglass bath fixtures, fiberglass and plastic component products including front and rear caps and marine helms, softwoods lumber, interior passage doors, among others.
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Strong Buy (3.50 out of 4)
(ranked higher than approx. 64% of all stocks covered)
Based on Zacks ABR data;
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