Intech Investment Management LLC Has $1.59 Million Stock Position in Patrick Industries, Inc. $PATK

Posted by Brian Himes on Jun 5th, 2026

Intech Investment Management LLC decreased its stake in Patrick Industries, Inc. (NASDAQ:PATK – Free Report) by 31.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,699 shares of the construction company’s stock after selling 6,829 shares during the period. Intech Investment Management LLC’s holdings in Patrick Industries were worth $1,594,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Arizona State Retirement System grew its stake in shares of Patrick Industries by 1.1% in the third quarter. Arizona State Retirement System now owns 9,387 shares of the construction company’s stock worth $971,000 after acquiring an additional 98 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Patrick Industries by 4.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 2,479 shares of the construction company’s stock worth $269,000 after acquiring an additional 98 shares during the last quarter. Strs Ohio boosted its stake in Patrick Industries by 11.1% during the third quarter. Strs Ohio now owns 1,000 shares of the construction company’s stock worth $103,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Patrick Industries by 1.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,576 shares of the construction company’s stock worth $821,000 after buying an additional 100 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Patrick Industries by 0.5% during the second quarter. California State Teachers Retirement System now owns 29,535 shares of the construction company’s stock worth $2,725,000 after buying an additional 154 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Patrick Industries Stock Down 5.1%

Shares of NASDAQ:PATK opened at $86.05 on Friday. Patrick Industries, Inc. has a 52 week low of $83.96 and a 52 week high of $148.50. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.04 and a current ratio of 2.71. The company’s fifty day moving average is $100.00 and its 200-day moving average is $112.39. The company has a market capitalization of $2.83 billion, a PE ratio of 22.06 and a beta of 1.09.

Patrick Industries (NASDAQ:PATK – Get Free Report) last issued its earnings results on Thursday, April 30th. The construction company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.08 by $0.02. Patrick Industries had a net margin of 3.46% and a return on equity of 13.24%. The company had revenue of $997.17 million for the quarter, compared to the consensus estimate of $989.06 million. During the same quarter in the previous year, the company earned $1.11 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts predict that Patrick Industries, Inc. will post 4.94 earnings per share for the current fiscal year.

Patrick Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, May 26th. Patrick Industries’s payout ratio is currently 48.21%.

Insider Buying and Selling

In other Patrick Industries news, Director M Scott Welch purchased 10,050 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was acquired at an average cost of $88.23 per share, with a total value of $886,711.50. Following the completion of the acquisition, the director directly owned 156,000 shares of the company’s stock, valued at $13,763,880. This represents a 6.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Blake Augsburger purchased 400 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was acquired at an average cost of $85.19 per share, with a total value of $34,076.00. Following the completion of the acquisition, the director directly owned 2,125 shares of the company’s stock, valued at $181,028.75. The trade was a 23.19% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 37,300 shares of company stock worth $3,537,054 in the last three months. Company insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Patrick Industries from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. KeyCorp decreased their price target on shares of Patrick Industries from $140.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Raymond James Financial set a $108.00 price target on shares of Patrick Industries in a research note on Friday, May 1st. Benchmark decreased their price target on shares of Patrick Industries from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Finally, Robert W. Baird set a $110.00 price target on shares of Patrick Industries in a research note on Friday, May 1st. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.63.

View Our Latest Report on PATK

Patrick Industries Company Profile

(Free Report)

Patrick Industries, Inc is a leading manufacturer and distributor of component products and building materials for the recreational vehicle (RV), manufactured housing, marine and industrial markets. The company supplies a broad array of interior and exterior products, including cabinetry, countertops, flooring, wall panels and decorative trim. Patrick Industries also offers engineered composites, adhesives, sealants and insulation solutions that cater to both original equipment manufacturers (OEMs) and aftermarket customers across North America.

Founded in 1959 and headquartered in Elkhart, Indiana, Patrick Industries began as a small distributor of hardwood and millwork products.