Patrick Industries (PATK) Stock Price, News & Analysis

Company Overview

Patrick Industries, Inc. is a leading manufacturer and distributor of component parts and materials for the recreational vehicle, manufactured housing and marine industries. The company’s product portfolio spans a broad range of offerings, including interior and exterior laminates, engineered wood products, rigid foams and plastics, as well as cabinetry, roofing systems, countertops, tubs and showers, sinks and decorative hardware. Patrick Industries serves both original equipment manufacturers and aftermarket distributors, providing tailored solutions to meet varied design and performance requirements.

Founded in 1964, Patrick Industries began as a regional wood products distributor in Jackson, Michigan, and has since expanded its footprint through strategic acquisitions and organic growth. The company’s commitment to quality and innovation has fueled the development of specialty materials such as high-pressure laminates and composite panels, as well as advanced window and door assemblies. These capabilities enable Patrick Industries to support customer needs across multiple segments, from high-end luxury motor coaches to entry-level modular housing units.

Today, Patrick Industries operates a network of manufacturing, fabrication and distribution facilities throughout the United States, Canada and Mexico. This extensive presence allows the company to streamline logistics, reduce lead times and respond swiftly to changing market demands. By combining in-house production with a robust supply chain infrastructure, Patrick Industries strives to deliver consistent product quality and dependable service to customers across North America.

The company is led by an experienced senior management team dedicated to fostering long-term partnerships and driving operational excellence. Under their guidance, Patrick Industries continues to invest in production technologies, expand its product lineup and explore new growth opportunities. With a focus on customer-driven innovation and a solid track record of strategic acquisitions, Patrick Industries remains well-positioned to support the evolving needs of the industries it serves.

Key Stats

• Today's Range: $97.38 to $100.30
• 50-Day Range: $76.98 to $99.11
• 52-Week Range: $69.86 to $100.30
• Volume: 153,495 shs
• Average Volume: 350,661 shs
• Market Capitalization: $3.29 billion
• P/E Ratio: 23.61
• Dividend Yield: 1.63%
• Price Target: $96.42
• Consensus Rating: Moderate Buy

Patrick Industries Stock Analysis - MarketRank™

Patrick Industries scored higher than 89% of companies evaluated by MarketBeat, and ranked 73rd out of 297 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Patrick Industries has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Patrick Industries has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 19.51%

Earnings Growth

Earnings for Patrick Industries are expected to grow by 19.51% in the coming year, from $5.33 to $6.37 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Patrick Industries is 23.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Patrick Industries is 23.61, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 16.66.

Price to Earnings Growth Ratio

Patrick Industries has a PEG Ratio of 1.42. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Patrick Industries has a P/B Ratio of 2.93. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.67% of the float of Patrick Industries has been sold short.

Short Interest Ratio / Days to Cover

Patrick Industries has a short interest ratio ("days to cover") of 8.7.

Change versus previous month

Short interest in Patrick Industries has recently decreased by 4.04%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Patrick Industries pays a meaningful dividend of 1.63%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Patrick Industries has been increasing its dividend for 6 years.

Dividend Coverage

The dividend payout ratio of Patrick Industries is 38.37%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Patrick Industries will have a dividend payout ratio of 25.12% next year. This indicates that Patrick Industries will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.9 / 5
• Environmental Score: -3.18

Percentage of Shares Shorted

9.67% of the float of Patrick Industries has been sold short.

Short Interest Ratio / Days to Cover

Patrick Industries has a short interest ratio ("days to cover") of 8.7.

Change versus previous month

Short interest in Patrick Industries has recently decreased by 4.04%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: 0.78

News Sentiment

Patrick Industries has a news sentiment score of 0.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Construction companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Patrick Industries this week, compared to 7 articles on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Patrick Industries insiders have bought 357.83% more of their company's stock than they have sold. Specifically, they have bought $1,205,964.00 in company stock and sold $263,408.00 in company stock.

Percentage Held by Insiders

Only 4.40% of the stock of Patrick Industries is held by insiders.

Percentage Held by Institutions

93.29% of the stock of Patrick Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PATK Stock Analysis - Frequently Asked Questions

How have PATK shares performed this year?

Patrick Industries' stock was trading at $83.08 at the beginning of the year. Since then, PATK stock has increased by 18.5% and is now trading at $98.44.

How were Patrick Industries' earnings last quarter?

Patrick Industries, Inc. (NASDAQ:PATK) posted its quarterly earnings results on Thursday, May, 1st. The construction company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.13. Patrick Industries's revenue for the quarter was up 7.5% compared to the same quarter last year.
Read the conference call transcript.

When did Patrick Industries' stock split?

Patrick Industries's stock split before market open on Monday, December 16th 2024.The 3-2 split was announced on Tuesday, November 19th 2024. The newly created shares were payable to shareholders after the closing bell on Friday, December 13th 2024. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Does Patrick Industries have any subsidiaries?

Patrick Industries subsidiaries include these companies: Metal Moulding Corp..

How do I buy shares of Patrick Industries?

Shares of PATK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Patrick Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Patrick Industries investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AU Optronics (AUOTY).

Company Calendar

• Last Earnings: 5/01/2025
• Record date for 6/9 Dividend: 5/27/2025
• Ex-Dividend for 6/9 Dividend: 5/27/2025
• Dividend Payable: 6/09/2025
• Today: 7/04/2025
• Next Earnings (Estimated): 7/30/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Construction
• Industry: BLDG - MBL/MFG&RV
• Sub-Industry: Building Products
• Current Symbol: NASDAQ:PATK
• CIK: 76605
• Web: www.patrickind.com
• Phone: (574) 294-7511
• Fax: 574-522-5213
• Employees: 10,000
• Year Founded: 1959

Price Target and Rating

• Average Stock Price Target: $96.42
• High Stock Price Target: $105.00
• Low Stock Price Target: $76.00
• Potential Upside/Downside: -2.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 9 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.17
• Trailing P/E Ratio: 23.61
• Forward P/E Ratio: 18.47
• P/E Growth: 1.42
• Net Income: $138.40 million
• Net Margins: 3.74%
• Pretax Margin: 4.91%
• Return on Equity: 12.90%
• Return on Assets: 4.71%

Debt

• Debt-to-Equity Ratio: 1.25
• Current Ratio: 2.41
• Quick Ratio: 1.04

Sales & Book Value

• Annual Sales: $3.72 billion
• Price / Sales: 0.89
• Cash Flow: $9.40 per share
• Price / Cash Flow: 10.47
• Book Value: $33.59 per share
• Price / Book: 2.93

Miscellaneous

• Outstanding Shares: 33,430,000
• Free Float: 31,956,000
• Market Cap: $3.29 billion
• Optionable: Optionable
• Beta: 1.22