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Summary

News

09/12 16:30 EST - prnewswire.com
Patrick Industries to Participate in Upcoming D.A. Davidson Conference
ELKHART, Ind. , Sept. 12, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in D.A.

09/09 08:00 EST - prnewswire.com
Patrick Industries, Inc. Completes Acquisition of RecPro - A Leading Aftermarket E-Commerce Platform for Outdoor Enthusiasts
ELKHART, Ind. , Sept. 9, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, announced today that it has completed the acquisition of Bristol, Indiana-based ICON Direct, Inc., which operates as RecPro.com ("RecPro"), a leading e-commerce business and aftermarket platform specializing in creating and marketing component products, systems, and solutions for the RV and marine end markets.

08/19 13:30 EST - prnewswire.com
ROCKFORD FOSGATE ANNOUNCES LEADERSHIP TRANSITION: BILL JACKSON TO BECOME SR. OPERATIONS BUSINESS ADVISOR AT PATRICK INDUSTRIES, ZACH LUKE APPOINTED AS PRESIDENT
ROCKFORD FOSGATE® PASSES THE TORCH, PAVING THE WAY FOR CONTINUED STRENGTH AND INNOVATION FOR THE NEXT FUTURE. TEMPE, Ariz.

08/16 08:00 EST - prnewswire.com
Patrick Industries, Inc. Declares Quarterly Cash Dividend
ELKHART, Ind. , Aug. 16, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that on August 15, 2024, its Board of Directors (the "Board") declared a quarterly cash dividend on its common stock of $0.55 per share.

08/03 17:18 EST - seekingalpha.com
Patrick Industries, Inc. (PATK) Q2 2024 Earnings Call Transcript
Patrick Industries, Inc. (NASDAQ:PATK ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Steve O'Hara - VP, IR Andy Nemeth - CEO Jeffrey Rodino - President Andrew Roeder - EVP, Finance, CFO, and Treasurer Conference Call Participants Daniel Moore - CJS Securities Michael Swartz - Truist Securities Craig Kennison - Baird Scott Stember - ROTH MKM Noah Zatzkin - KeyBanc Capital Markets Tristan Thomas-Martin - BMO Capital Markets Operator Good morning, ladies and gentlemen, and welcome to Patrick Industries Second Quarter 2024 Earnings Conference Call. My name is Rob and I'll be your operator for today's call.

08/01 10:10 EST - zacks.com
Patrick Industries (PATK) Q2 Earnings and Revenues Surpass Estimates
Patrick Industries (PATK) came out with quarterly earnings of $2.16 per share, beating the Zacks Consensus Estimate of $2.04 per share. This compares to earnings of $1.94 per share a year ago.

08/01 08:00 EST - prnewswire.com
Patrick Industries, Inc. Reports Second Quarter 2024 Financial Results
Second Quarter 2024 Highlights (compared to Second Quarter 2023 unless otherwise noted) Net sales increased 10% to $1.02 billion driven by a 17% increase in RV revenue, an 11% increase in Housing revenue, and our first quarter acquisition of Sportech, which together more than offset a 30% decline in Marine revenue. Operating margin increased 10 basis points to 8.3%.

07/29 11:04 EST - seekingalpha.com
Patrick Industries: With Key Markets Stabilizing, Shares Deserve More Upside
Patrick Industries stock has increased 31.3% since last year, easily outperforming the broader market. While 2023 was weak, 2024 is showing signs of improvement, particularly on the firm's bottom line. Add on top of this how shares are priced, and the prospect of a continued recovery in key markets, and the company is worth considering.

07/18 16:30 EST - prnewswire.com
Patrick Industries, Inc. Announces Second Quarter 2024 Earnings Release and Conference Call Webcast on August 1, 2024
ELKHART, Ind. , July 18, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), today announced that it will release its second quarter and six months 2024 financial results before the market opens on Thursday, August 1, 2024.

07/18 11:07 EST - zacks.com
Patrick Industries (PATK) Earnings Expected to Grow: What to Know Ahead of Q2 Release
Patrick Industries (PATK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

07/10 14:58 EST - prnewswire.com
Introducing the New Harley-Davidson® Audio Powered by Rockford Fosgate® 2024 Subwoofer System
TEMPE, Ariz. , July 10, 2024 /PRNewswire/ -- Rockford Fosgate (www.rockfordfosgate.com), the industry leader in high-performance audio systems, is excited to introduce a 300-watt subwoofer system purpose-built to deliver true on-road bass performance.

07/02 16:30 EST - prnewswire.com
Patrick Industries to Participate in Upcoming CJS Conference
ELKHART, Ind. , July 2, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in CJS Securities 24th Annual "New Ideas" Summer Conference on July 10, 2024.

05/28 16:30 EST - prnewswire.com
Patrick Industries to Participate in Upcoming 2024 Baird Conference
ELKHART, Ind. , May 28, 2024 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in the upcoming Baird 2024 Global Consumer, Technology & Services Conference being held from June 4-6, 2024.

05/20 08:16 EST - https://www.defenseworld.net
Panagora Asset Management Inc. Purchases 323 Shares of The Progressive Co. (NYSE:PGR)
Panagora Asset Management Inc. grew its position in The Progressive Co. (NYSE:PGR – Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,789 shares of the insurance provider’s stock after acquiring an additional 323 shares during the quarter. Panagora Asset Management Inc.’s holdings in Progressive were worth $2,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds have also modified their holdings of the company. Wellington Management Group LLP raised its stake in Progressive by 14.1% during the third quarter. Wellington Management Group LLP now owns 21,554,503 shares of the insurance provider’s stock valued at $3,002,542,000 after purchasing an additional 2,666,449 shares in the last quarter. Invesco Ltd. raised its position in shares of Progressive by 31.8% during the 3rd quarter. Invesco Ltd. now owns 4,781,075 shares of the insurance provider’s stock valued at $666,004,000 after buying an additional 1,154,591 shares in the last quarter. Parnassus Investments LLC raised its position in shares of Progressive by 102.9% during the 3rd quarter. Parnassus Investments LLC now owns 2,131,601 shares of the insurance provider’s stock valued at $296,932,000 after buying an additional 1,080,834 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Progressive in the 3rd quarter valued at about $88,528,000. Finally, Los Angeles Capital Management LLC grew its position in Progressive by 279.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 811,381 shares of the insurance provider’s stock worth $129,237,000 after acquiring an additional 597,401 shares in the last quarter. 85.34% of the stock is owned by hedge funds and other institutional investors. Progressive Trading Up 1.1 % NYSE PGR opened at $209.22 on Monday. The stock has a market cap of $122.54 billion, a P/E ratio of 21.41, a P/E/G ratio of 0.81 and a beta of 0.34. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.32. The Progressive Co. has a 12-month low of $111.41 and a 12-month high of $217.77. The company has a fifty day simple moving average of $208.37 and a two-hundred day simple moving average of $183.91. Progressive (NYSE:PGR – Get Free Report) last issued its quarterly earnings results on Friday, April 12th. The insurance provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $0.74. Progressive had a return on equity of 29.43% and a net margin of 8.89%. The company had revenue of $18.96 billion during the quarter, compared to analysts’ expectations of $16.88 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year. On average, analysts forecast that The Progressive Co. will post 11.53 earnings per share for the current year. Progressive Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.19%. The ex-dividend date is Wednesday, July 3rd. Progressive’s payout ratio is 4.09%. Insider Transactions at Progressive In related news, insider Patrick K. Callahan sold 29,675 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $190.26, for a total transaction of $5,645,965.50. Following the completion of the transaction, the insider now directly owns 15,189 shares in the company, valued at $2,889,859.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Karen Bailo sold 8,464 shares of Progressive stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $189.49, for a total transaction of $1,603,843.36. Following the completion of the transaction, the insider now directly owns 32,342 shares of the company’s stock, valued at approximately $6,128,485.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Patrick K. Callahan sold 29,675 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $190.26, for a total transaction of $5,645,965.50. Following the sale, the insider now directly owns 15,189 shares in the company, valued at $2,889,859.14. The disclosure for this sale can be found here. Insiders have sold 46,500 shares of company stock worth $8,983,706 over the last 90 days. 0.34% of the stock is currently owned by company insiders. Wall Street Analysts Forecast Growth A number of equities research analysts have issued reports on PGR shares. UBS Group upped their price objective on Progressive from $216.00 to $218.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Piper Sandler reaffirmed an “overweight” rating and set a $240.00 price objective on shares of Progressive in a research note on Monday, April 1st. Wells Fargo & Company boosted their price objective on shares of Progressive from $232.00 to $238.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. The Goldman Sachs Group lifted their price target on shares of Progressive from $161.00 to $216.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. Finally, HSBC increased their price objective on shares of Progressive from $174.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $214.88. Get Our Latest Research Report on PGR Progressive Profile (Free Report) The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.

05/20 07:42 EST - https://www.defenseworld.net
Mitsubishi UFJ Asset Management Co. Ltd. Purchases 595 Shares of Ryman Hospitality Properties, Inc. (NYSE:RHP)
Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP – Free Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,525 shares of the real estate investment trust’s stock after acquiring an additional 595 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.06% of Ryman Hospitality Properties worth $4,027,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently bought and sold shares of RHP. Vanguard Group Inc. increased its stake in shares of Ryman Hospitality Properties by 2.7% in the third quarter. Vanguard Group Inc. now owns 8,307,026 shares of the real estate investment trust’s stock valued at $691,809,000 after buying an additional 216,137 shares in the last quarter. FMR LLC raised its position in shares of Ryman Hospitality Properties by 2.9% during the 3rd quarter. FMR LLC now owns 4,097,388 shares of the real estate investment trust’s stock valued at $341,230,000 after acquiring an additional 114,451 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ryman Hospitality Properties by 5.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,713,128 shares of the real estate investment trust’s stock worth $142,669,000 after purchasing an additional 93,082 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ryman Hospitality Properties by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,021,858 shares of the real estate investment trust’s stock worth $85,100,000 after purchasing an additional 62,322 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Ryman Hospitality Properties by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 793,244 shares of the real estate investment trust’s stock valued at $87,305,000 after purchasing an additional 11,490 shares during the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades A number of brokerages have recently commented on RHP. Truist Financial upped their price target on Ryman Hospitality Properties from $134.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Wells Fargo & Company lifted their price objective on Ryman Hospitality Properties from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. StockNews.com raised Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Ryman Hospitality Properties from $141.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, Raymond James upped their price target on shares of Ryman Hospitality Properties from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.00. Check Out Our Latest Analysis on RHP Insider Transactions at Ryman Hospitality Properties In related news, COO Patrick S. Chaffin sold 16,189 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $119.74, for a total value of $1,938,470.86. Following the completion of the sale, the chief operating officer now directly owns 17,618 shares in the company, valued at approximately $2,109,579.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ryman Hospitality Properties news, COO Patrick S. Chaffin sold 16,189 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $119.74, for a total value of $1,938,470.86. Following the sale, the chief operating officer now owns 17,618 shares in the company, valued at $2,109,579.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Colin V. Reed bought 13,800 shares of Ryman Hospitality Properties stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average price of $106.40 per share, with a total value of $1,468,320.00. Following the completion of the purchase, the chairman now directly owns 819,143 shares in the company, valued at approximately $87,156,815.20. The disclosure for this purchase can be found here. 3.00% of the stock is owned by company insiders. Ryman Hospitality Properties Trading Down 1.3 % Ryman Hospitality Properties stock opened at $105.37 on Monday. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a 50-day moving average of $110.74 and a 200-day moving average of $109.25. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 2.20 and a beta of 1.59. Ryman Hospitality Properties, Inc. has a one year low of $79.86 and a one year high of $122.91. Ryman Hospitality Properties Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, June 28th. Ryman Hospitality Properties’s dividend payout ratio (DPR) is presently 91.10%. About Ryman Hospitality Properties (Free Report) Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.

05/20 04:43 EST - https://www.defenseworld.net
Swiss National Bank Reduces Stock Holdings in Certara, Inc. (NASDAQ:CERT)
Swiss National Bank cut its position in shares of Certara, Inc. (NASDAQ:CERT – Free Report) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,400 shares of the company’s stock after selling 43,200 shares during the period. Swiss National Bank owned approximately 0.14% of Certara worth $3,877,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its holdings in Certara by 31.2% in the third quarter. Commonwealth Equity Services LLC now owns 19,055 shares of the company’s stock valued at $277,000 after acquiring an additional 4,528 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Certara by 16.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,117 shares of the company’s stock valued at $351,000 after purchasing an additional 3,482 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Certara by 19.2% in the 3rd quarter. M&T Bank Corp now owns 141,368 shares of the company’s stock valued at $2,055,000 after purchasing an additional 22,759 shares during the last quarter. EFG Asset Management North America Corp. purchased a new position in shares of Certara during the 3rd quarter worth $1,570,000. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of Certara during the 3rd quarter worth about $941,000. 73.96% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and Selling at Certara In other news, SVP Richard M. Traynor sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the transaction, the senior vice president now owns 173,524 shares in the company, valued at approximately $3,123,432. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP Richard M. Traynor sold 3,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the sale, the senior vice president now directly owns 173,524 shares of the company’s stock, valued at $3,123,432. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Patrick F. Smith sold 14,427 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $16.85, for a total value of $243,094.95. Following the transaction, the insider now directly owns 50,091 shares in the company, valued at approximately $844,033.35. The disclosure for this sale can be found here. 2.39% of the stock is currently owned by insiders. Certara Price Performance Shares of CERT opened at $16.08 on Monday. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of -41.23, a PEG ratio of 1.61 and a beta of 1.61. The firm’s fifty day simple moving average is $17.41 and its 200-day simple moving average is $16.66. Certara, Inc. has a twelve month low of $11.81 and a twelve month high of $22.65. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.27. Certara (NASDAQ:CERT – Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). Certara had a positive return on equity of 4.08% and a negative net margin of 17.02%. The business had revenue of $88.01 million for the quarter, compared to analysts’ expectations of $86.80 million. Equities analysts forecast that Certara, Inc. will post 0.29 EPS for the current fiscal year. Analyst Ratings Changes Several research analysts have weighed in on the stock. Barclays increased their target price on shares of Certara from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. UBS Group lifted their target price on shares of Certara from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Leerink Partnrs restated a “market perform” rating on shares of Certara in a research note on Monday, February 26th. Jefferies Financial Group lifted their price objective on Certara from $14.00 to $15.50 and gave the company a “hold” rating in a research note on Friday, March 1st. Finally, SVB Leerink started coverage on Certara in a research note on Monday, February 26th. They set a “market perform” rating and a $19.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Certara currently has a consensus rating of “Hold” and an average price target of $20.06. View Our Latest Research Report on CERT Certara Company Profile (Free Report) Certara, Inc, together with its subsidiaries, provides software products and technology-enabled services to customers for biosimulation in drug discovery, preclinical and clinical research, regulatory submissions, and market access in the United States and internationally. It offers solutions for model-informed drug development, as well as biosimulation solution used to predict both pharmacokinetics and pharmacodynamics.

05/20 01:06 EST - https://www.defenseworld.net
Q2 2024 Earnings Estimate for The Progressive Co. Issued By William Blair (NYSE:PGR)
The Progressive Co. (NYSE:PGR – Free Report) – Equities researchers at William Blair increased their Q2 2024 earnings estimates for Progressive in a research report issued to clients and investors on Wednesday, May 15th. William Blair analyst A. Klauber now expects that the insurance provider will post earnings per share of $2.36 for the quarter, up from their previous estimate of $1.97. The consensus estimate for Progressive’s current full-year earnings is $11.53 per share. William Blair also issued estimates for Progressive’s Q2 2025 earnings at $2.46 EPS and FY2025 earnings at $12.95 EPS. Progressive (NYSE:PGR – Get Free Report) last issued its earnings results on Friday, April 12th. The insurance provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.20 by $0.74. Progressive had a net margin of 8.89% and a return on equity of 29.43%. The firm had revenue of $18.96 billion for the quarter, compared to analysts’ expectations of $16.88 billion. During the same quarter last year, the company posted $0.65 earnings per share. Progressive’s revenue was up 17.7% on a year-over-year basis. PGR has been the topic of a number of other research reports. The Goldman Sachs Group raised their price objective on shares of Progressive from $161.00 to $216.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. UBS Group lifted their price target on shares of Progressive from $216.00 to $218.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Citigroup lifted their price target on shares of Progressive from $202.00 to $225.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Roth Mkm lifted their price target on shares of Progressive from $215.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, HSBC lifted their price objective on shares of Progressive from $174.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $214.88. View Our Latest Stock Analysis on PGR Progressive Stock Performance Shares of NYSE PGR opened at $209.22 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $208.37 and its two-hundred day moving average price is $183.91. Progressive has a 52-week low of $111.41 and a 52-week high of $217.77. The stock has a market capitalization of $122.54 billion, a P/E ratio of 21.41, a P/E/G ratio of 0.81 and a beta of 0.34. Progressive Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, July 3rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Wednesday, July 3rd. Progressive’s dividend payout ratio (DPR) is presently 4.09%. Insider Buying and Selling In related news, insider Steven Broz sold 7,361 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $207.25, for a total value of $1,525,567.25. Following the completion of the transaction, the insider now owns 35,503 shares of the company’s stock, valued at $7,357,996.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Patrick K. Callahan sold 29,675 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $190.26, for a total transaction of $5,645,965.50. Following the completion of the sale, the insider now owns 15,189 shares of the company’s stock, valued at $2,889,859.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Steven Broz sold 7,361 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $207.25, for a total transaction of $1,525,567.25. Following the sale, the insider now directly owns 35,503 shares of the company’s stock, valued at approximately $7,357,996.75. The disclosure for this sale can be found here. Insiders sold 46,500 shares of company stock valued at $8,983,706 over the last quarter. Corporate insiders own 0.34% of the company’s stock. Institutional Trading of Progressive Hedge funds have recently modified their holdings of the company. Sachetta LLC bought a new position in Progressive in the fourth quarter valued at approximately $25,000. Northwest Bank & Trust Co bought a new position in shares of Progressive during the fourth quarter worth $25,000. Valley National Advisers Inc. boosted its position in shares of Progressive by 143.6% during the fourth quarter. Valley National Advisers Inc. now owns 190 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 112 shares in the last quarter. Indiana Trust & Investment Management CO bought a new position in shares of Progressive during the first quarter worth $32,000. Finally, Register Financial Advisors LLC bought a new position in shares of Progressive during the first quarter worth $35,000. Institutional investors and hedge funds own 85.34% of the company’s stock. About Progressive (Get Free Report) The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.

05/20 01:06 EST - https://www.defenseworld.net
Q2 2024 Earnings Estimate for The Progressive Co. (NYSE:PGR) Issued By Roth Capital
The Progressive Co. (NYSE:PGR – Free Report) – Investment analysts at Roth Capital increased their Q2 2024 earnings per share (EPS) estimates for Progressive in a research note issued on Thursday, May 16th. Roth Capital analyst H. Fong now anticipates that the insurance provider will post earnings of $2.38 per share for the quarter, up from their prior forecast of $2.00. The consensus estimate for Progressive’s current full-year earnings is $11.53 per share. Roth Capital also issued estimates for Progressive’s Q3 2024 earnings at $2.26 EPS, FY2024 earnings at $11.00 EPS and Q2 2025 earnings at $2.19 EPS. Other research analysts have also recently issued reports about the company. UBS Group boosted their target price on Progressive from $216.00 to $218.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Wells Fargo & Company boosted their target price on Progressive from $232.00 to $238.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. BMO Capital Markets boosted their target price on Progressive from $234.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Progressive from $171.00 to $202.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, Jefferies Financial Group boosted their target price on Progressive from $241.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $214.88. Check Out Our Latest Stock Report on Progressive Progressive Stock Up 1.1 % Shares of Progressive stock opened at $209.22 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.32. Progressive has a 12 month low of $111.41 and a 12 month high of $217.77. The business has a fifty day simple moving average of $208.37 and a 200 day simple moving average of $183.91. The stock has a market cap of $122.54 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 0.81 and a beta of 0.34. Progressive (NYSE:PGR – Get Free Report) last released its earnings results on Friday, April 12th. The insurance provider reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.74. The company had revenue of $18.96 billion during the quarter, compared to the consensus estimate of $16.88 billion. Progressive had a return on equity of 29.43% and a net margin of 8.89%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. Institutional Trading of Progressive Large investors have recently made changes to their positions in the company. Sachetta LLC acquired a new stake in shares of Progressive in the 4th quarter valued at $25,000. Northwest Bank & Trust Co bought a new position in Progressive in the fourth quarter valued at about $25,000. Valley National Advisers Inc. lifted its holdings in shares of Progressive by 143.6% in the fourth quarter. Valley National Advisers Inc. now owns 190 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 112 shares during the last quarter. Indiana Trust & Investment Management CO acquired a new stake in shares of Progressive in the 1st quarter valued at approximately $32,000. Finally, Register Financial Advisors LLC bought a new stake in shares of Progressive during the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 85.34% of the company’s stock. Insiders Place Their Bets In other news, insider Patrick K. Callahan sold 29,675 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $190.26, for a total value of $5,645,965.50. Following the completion of the sale, the insider now directly owns 15,189 shares of the company’s stock, valued at $2,889,859.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Patrick K. Callahan sold 29,675 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $190.26, for a total value of $5,645,965.50. Following the completion of the sale, the insider now directly owns 15,189 shares in the company, valued at approximately $2,889,859.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karen Bailo sold 8,464 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $189.49, for a total value of $1,603,843.36. Following the transaction, the insider now owns 32,342 shares in the company, valued at approximately $6,128,485.58. The disclosure for this sale can be found here. Insiders have sold a total of 46,500 shares of company stock valued at $8,983,706 over the last 90 days. 0.34% of the stock is currently owned by insiders. Progressive Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, July 3rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.19%. The ex-dividend date is Wednesday, July 3rd. Progressive’s dividend payout ratio (DPR) is presently 4.09%. Progressive Company Profile (Get Free Report) The Progressive Corporation, an insurance holding company, provides personal and commercial auto, personal residential and commercial property, business related general liability, and other specialty property-casualty insurance products and related services in the United States. It operates in three segments: Personal Lines, Commercial Lines, and Property.

05/05 13:50 EST - seekingalpha.com
Patrick Industries, Inc. (PATK) Q1 2024 Earnings Call Transcript
Patrick Industries, Inc. (NASDAQ:PATK ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Steve O'Hara - Vice President of Investor Relations Andy Nemeth - Chief Executive Officer Jeffrey Rodino - President Andrew Roeder - Executive Vice President, Finance, Chief Financial Officer, and Treasurer Kip Ellis - Executive Vice President, Operations and Chief Operating Officer Matt Filer - Senior Vice President, Finance Conference Call Participants Michael Swartz - Truist Securities Scott Stember - ROTH MKM Noah Zatzkin - KeyBanc Capital Markets Tristan Thomas-Martin - BMO Capital Markets Craig Kennison - Baird Daniel Moore - CJS Securities, Inc. Brandon Rolle - D.A. Davidson & Co. Alex Perry - BofA Securities Operator Good morning, ladies and gentlemen, and welcome to Patrick Industries First Quarter 2024 Earnings Conference Call.