Patrick Industries, Inc. (NASDAQ:PATK – Get Free Report)’s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $72.51 and traded as high as $76.49. Patrick Industries shares last traded at $75.18, with a volume of 1,632,335 shares traded.
Key Headlines Impacting Patrick Industries
Here are the key news stories impacting Patrick Industries this week:
- Positive Sentiment: Quarterly earnings and revenue topped estimates. Adjusted earnings per share were $1.03, ahead of the $0.97 consensus estimate, while revenue of $975.3 million exceeded expectations of approximately $938.5 million. Patrick Industries Q3 Earnings and Revenues Top Estimates
- Positive Sentiment: Marine, powersports and housing provided meaningful growth. Marine revenue rose 14% to $171 million, powersports revenue surged 30% to $128 million, and housing revenue increased 4% to $314 million. The powersports performance was a key contributor to the earnings beat. Patrick Industries Q3 2026 Earnings
- Positive Sentiment: Management cited solid execution despite RV weakness. The company ended the quarter with approximately $716 million of available liquidity and a 2.9x total net leverage ratio, supporting financial flexibility. Patrick also returned $15 million to shareholders through regular dividends. Patrick Industries Posts Resilient Q3 Results
- Positive Sentiment: The planned all-stock merger with LCI Industries (NYSE: LCII) remains on track. Patrick reaffirmed the agreement, and a shareholder vote is scheduled for November 18, providing a potential catalyst while investors assess the strategic combination. Patrick Reaffirms Merger Agreement with LCI Industries
- Neutral Sentiment: Patrick promoted Tammy Lowe to vice president of marketing at its Rockford Fosgate brand. The move is intended to strengthen partnerships and support brand growth, but it is unlikely to materially affect near-term financial results. Rockford Fosgate Promotes Tammy Lowe
- Negative Sentiment: RV remains a significant headwind. RV revenue declined 15% year over year to $362 million. GAAP net income fell to $21.1 million, or $0.64 per diluted share, from $35.3 million, or $1.01, while operating income declined to $49.8 million from $66.3 million. Patrick Industries Third Quarter 2026 Results
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Weiss Ratings cut Patrick Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 29th. Northcoast Research set a $121.00 price objective on Patrick Industries and gave the stock a “buy” rating in a report on Tuesday, September 1st. BMO Capital Markets lowered their target price on Patrick Industries from $120.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, October 13th. Benchmark restated a “buy” rating and set a $115.00 target price (down from $135.00) on shares of Patrick Industries in a report on Tuesday, August 11th. Finally, Truist Financial set a $88.00 target price on Patrick Industries and gave the company a “buy” rating in a report on Friday, October 23rd. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.56.
Patrick Industries Price Performance
The company has a quick ratio of 0.96, a current ratio of 2.67 and a debt-to-equity ratio of 1.25. The firm’s fifty day moving average price is $72.51 and its 200-day moving average price is $96.13. The stock has a market cap of $2.41 billion, a P/E ratio of 17.82 and a beta of 1.16.
Patrick Industries (NASDAQ:PATK – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The construction company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.06. The company had revenue of $975.28 million during the quarter, compared to analyst estimates of $938.49 million. Patrick Industries had a net margin of 3.74% and a return on equity of 12.69%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS. Analysts forecast that Patrick Industries, Inc. will post 4.11 earnings per share for the current year.
Patrick Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were given a $0.47 dividend. The ex-dividend date was Monday, August 24th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.5%. Patrick Industries’s payout ratio is presently 44.55%.
Hedge Funds Weigh In On Patrick Industries
Several hedge funds and other institutional investors have recently modified their holdings of PATK. Persistent Asset Partners Ltd purchased a new stake in shares of Patrick Industries during the second quarter worth about $25,000. Integrated Wealth Concepts LLC bought a new stake in shares of Patrick Industries in the second quarter worth about $34,000. State of Wyoming purchased a new position in Patrick Industries during the 2nd quarter valued at about $52,000. Versant Capital Management Inc increased its holdings in Patrick Industries by 5,431.2% during the 3rd quarter. Versant Capital Management Inc now owns 885 shares of the construction company’s stock valued at $60,000 after purchasing an additional 869 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Patrick Industries during the 2nd quarter valued at about $74,000. 93.29% of the stock is owned by institutional investors.
Patrick Industries Company Profile
Patrick Industries, Inc is a manufacturer and distributor of component products and building materials serving the recreational vehicle, marine, manufactured housing, and industrial markets. The company supplies products used in the construction, furnishing, and finishing of recreational and residential vehicles, boats, homes, and other manufactured structures.
Its product offerings include cabinetry, furniture, countertops, flooring, interior and exterior components, electronics, audio systems, lighting, plumbing products, hardware, adhesives, and related materials.
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