Patrick Industries (NASDAQ:PATK) Given New $115.00 Price Target at KeyCorp

Posted by Stanley Muller on Jul 22nd, 2026

Patrick Industries (NASDAQ:PATK – Get Free Report) had its target price reduced by investment analysts at KeyCorp from $125.00 to $115.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. KeyCorp’s price objective indicates a potential upside of 34.77% from the stock’s previous close.

Several other equities research analysts have also recently commented on PATK. Robert W. Baird set a $110.00 target price on Patrick Industries in a report on Friday, May 1st. Raymond James Financial set a $108.00 price target on shares of Patrick Industries in a research report on Friday, May 1st. Truist Financial cut their target price on shares of Patrick Industries from $126.00 to $113.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Wall Street Zen cut Patrick Industries from a “buy” rating to a “hold” rating in a report on Sunday, April 12th. Finally, Benchmark dropped their price target on Patrick Industries from $150.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $119.75.

View Our Latest Stock Analysis on Patrick Industries

Patrick Industries Trading Down 2.4%

Shares of NASDAQ:PATK opened at $85.33 on Wednesday. The company’s 50-day moving average price is $88.25 and its 200 day moving average price is $107.30. Patrick Industries has a fifty-two week low of $81.29 and a fifty-two week high of $148.50. The company has a market cap of $2.81 billion, a PE ratio of 21.88 and a beta of 1.11. The company has a quick ratio of 1.04, a current ratio of 2.71 and a debt-to-equity ratio of 1.16.

Patrick Industries (NASDAQ:PATK – Get Free Report) last posted 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. The firm had revenue of $997.17 million for the quarter, compared to analysts’ expectations of $989.06 million. Patrick Industries had a return on equity of 13.24% and a net margin of 3.46%.The firm’s revenue was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.11 EPS. Sell-side analysts anticipate that Patrick Industries will post 4.63 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Charles R. Roeder purchased 5,750 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was acquired at an average cost of $87.83 per share, for a total transaction of $505,022.50. Following the completion of the acquisition, the insider owned 42,147 shares in the company, valued at $3,701,771.01. This trade represents a 15.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Blake Augsburger acquired 400 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average cost of $85.19 per share, for a total transaction of $34,076.00. Following the completion of the transaction, the director directly owned 2,125 shares of the company’s stock, valued at $181,028.75. This represents a 23.19% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 28,700 shares of company stock valued at $2,532,880 over the last ninety days. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Patrick Industries

A number of hedge funds have recently modified their holdings of PATK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Patrick Industries by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,302 shares of the construction company’s stock valued at $1,632,000 after purchasing an additional 851 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Patrick Industries by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,446 shares of the construction company’s stock worth $5,957,000 after buying an additional 3,748 shares during the last quarter. Strs Ohio acquired a new position in Patrick Industries during the first quarter worth $42,000. Cetera Investment Advisers raised its holdings in Patrick Industries by 64.8% during the second quarter. Cetera Investment Advisers now owns 6,058 shares of the construction company’s stock valued at $559,000 after buying an additional 2,381 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in Patrick Industries during the second quarter valued at about $340,000. 93.29% of the stock is owned by institutional investors and hedge funds.

About Patrick Industries

(Get 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.