Research Analysts Offer Predictions for PATK FY2026 Earnings

Patrick Industries, Inc. (NASDAQ:PATK - Free Report) - Equities researchers at Roth Capital lowered their FY2026 EPS estimates for Patrick Industries in a research note issued on Friday, November 1st. Roth Capital analyst S. Stember now forecasts that the construction company will post earnings of $9.79 per share for the year, down from their prior estimate of $9.89. The consensus estimate for Patrick Industries' current full-year earnings is $7.21 per share.

Other research analysts also recently issued reports about the company. DA Davidson upped their price target on Patrick Industries from $108.00 to $114.00 and gave the stock a "neutral" rating in a research note on Monday, August 5th. KeyCorp increased their price target on Patrick Industries from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Benchmark reaffirmed a "buy" rating and set a $145.00 price objective on shares of Patrick Industries in a report on Monday. Robert W. Baird raised their price target on shares of Patrick Industries from $120.00 to $128.00 and gave the company an "outperform" rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets upped their price objective on shares of Patrick Industries from $150.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Patrick Industries presently has an average rating of "Moderate Buy" and an average price target of $139.88.

Patrick Industries Trading Down 0.6 %

NASDAQ PATK traded down $0.64 during trading hours on Monday, hitting $115.13. 320,788 shares of the company's stock were exchanged, compared to its average volume of 181,307. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.19 and a beta of 1.62. Patrick Industries has a 1-year low of $75.01 and a 1-year high of $148.35. The company has a current ratio of 2.41, a quick ratio of 0.94 and a debt-to-equity ratio of 1.22. The stock has a 50-day simple moving average of $136.64 and a 200 day simple moving average of $121.96.

Patrick Industries (NASDAQ:PATK - Get Free Report) last released its earnings results on Thursday, October 31st. The construction company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.03). The firm had revenue of $919.44 million during the quarter, compared to analyst estimates of $935.75 million. Patrick Industries had a net margin of 4.24% and a return on equity of 14.84%. Patrick Industries's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.81 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its holdings in shares of Patrick Industries by 20.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,325,556 shares of the construction company's stock worth $143,889,000 after purchasing an additional 221,904 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Patrick Industries during the second quarter valued at approximately $22,460,000. Fiera Capital Corp purchased a new position in shares of Patrick Industries during the third quarter worth approximately $27,888,000. Argent Capital Management LLC lifted its holdings in shares of Patrick Industries by 758.4% in the 3rd quarter. Argent Capital Management LLC now owns 151,004 shares of the construction company's stock worth $21,498,000 after acquiring an additional 133,413 shares during the last quarter. Finally, Copeland Capital Management LLC purchased a new stake in shares of Patrick Industries in the 3rd quarter valued at $8,070,000. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Patrick Industries

In related news, COO Hugo E. Gonzalez sold 1,911 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $130.11, for a total transaction of $248,640.21. Following the sale, the chief operating officer now owns 23,759 shares of the company's stock, valued at approximately $3,091,283.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Todd M. Cleveland sold 7,500 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $131.05, for a total value of $982,875.00. Following the transaction, the director now directly owns 82,374 shares in the company, valued at approximately $10,795,112.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Hugo E. Gonzalez sold 1,911 shares of Patrick Industries stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $130.11, for a total transaction of $248,640.21. Following the sale, the chief operating officer now owns 23,759 shares of the company's stock, valued at approximately $3,091,283.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,411 shares of company stock worth $3,858,915. Company insiders own 4.70% of the company's stock.

Patrick Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Monday, August 26th. Patrick Industries's dividend payout ratio (DPR) is currently 31.61%.

About Patrick Industries

Patrick Industries, Inc manufactures and distributes component products and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada. Its Manufacturing segment manufactures and sells laminated products for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum products; fiberglass and plastic components; RV paintings; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinets; polymer-based flooring products; dash panels; and other products.