The Online Investor

Slideshow Stock Buybacks

By The Online Investor Staff, updated Tue., May. 22, 8:12 AM

Slide #2. Patrick Industries, Inc.

Company: Patrick Industries, Inc. (NASDAQ:PATK)
$Amount Authorized: $50,000,000
Buyback Details: 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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Company Name: 
Patrick Industries Inc
Stock buyback: 
PATK buyback
Website: 
www.patrickind.com
Sector: 
Construction Materials & Machinery
Number of ETFs Holding PATK: 
34
Total Market Value Held by ETFs: 
$214.40M
Total Market Capitalization: 
$1.50B
% of Market Cap. Held by ETFs: 
14.28%
 

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Strong Buy (3.50 out of 4)
64th percentile
(ranked higher than approx. 64% of all stocks covered)
Based on Zacks ABR data;
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