Patrick Industries (PATK) Expected to Announce Quarterly Earnings on Thursday

Patrick Industries (NASDAQ:PATK - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, July 31st. Analysts expect the company to announce earnings of $1.41 per share and revenue of $1.03 billion for the quarter.

Patrick Industries (NASDAQ:PATK - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The construction company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.98 by $0.13. Patrick Industries had a net margin of 3.74% and a return on equity of 12.90%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $959.46 million. During the same period in the prior year, the company earned $1.79 earnings per share. The firm's revenue was up 7.5% on a year-over-year basis. On average, analysts expect Patrick Industries to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Patrick Industries Stock Performance

NASDAQ:PATK traded up $2.42 during mid-day trading on Friday, hitting $100.00. The company's stock had a trading volume of 231,986 shares, compared to its average volume of 276,873. Patrick Industries has a 1 year low of $72.99 and a 1 year high of $102.83. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.41 and a quick ratio of 1.04. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 1.44 and a beta of 1.22. The business's fifty day moving average is $92.46 and its two-hundred day moving average is $88.86.

Patrick Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, May 27th. Patrick Industries's payout ratio is 38.37%.

Analyst Ratings Changes

Several research firms have commented on PATK. KeyCorp lowered their price target on shares of Patrick Industries from $110.00 to $100.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Wall Street Zen raised shares of Patrick Industries from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Baird R W lowered shares of Patrick Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird increased their target price on shares of Patrick Industries from $84.00 to $90.00 and gave the stock a "neutral" rating in a research note on Friday, June 20th. Finally, Truist Financial increased their target price on shares of Patrick Industries from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $96.42.

Insider Transactions at Patrick Industries

In related news, Director Todd M. Cleveland purchased 6,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average cost of $85.80 per share, with a total value of $514,800.00. Following the purchase, the director owned 125,286 shares of the company's stock, valued at $10,749,538.80. This represents a 5.03% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John A. Forbes sold 2,875 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $91.62, for a total transaction of $263,407.50. Following the completion of the sale, the director owned 52,591 shares of the company's stock, valued at approximately $4,818,387.42. The trade was a 5.18% decrease in their position. The disclosure for this sale can be found here. Insiders purchased a total of 14,071 shares of company stock worth $1,205,964 over the last ninety days. 4.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Patrick Industries

A number of hedge funds have recently bought and sold shares of PATK. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Patrick Industries by 5.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,446 shares of the construction company's stock valued at $5,957,000 after acquiring an additional 3,748 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Patrick Industries by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,302 shares of the construction company's stock valued at $1,632,000 after acquiring an additional 851 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Patrick Industries in the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 93.29% of the company's stock.

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.