Patrick Industries ( PATK ) saw its IBD SmartSelect Composite Rating jump to 99 Thursday, up from 78 the day before.
[ibd-display-video id=2368044 width=50 float=left autostart=true] The new score tells you the company is now outperforming 99% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Patrick Industries is not currently near a proper buy point. Look for the stock to form and break out of a new chart pattern.
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The stock earns a 96 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 96% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company posted 36% earnings-per-share growth. Sales growth increased 34%, up from 29% in the prior report. That marks two quarters of rising growth.
Patrick Industries holds the No. 2 rank among its peers in the Building-Mobile/Manufacturing & RV industry group. LCI Industries ( LCII ) is the top-ranked stock within the group.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
