Patrick Industries (NASDAQ:PATK) Stock Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Patrick Industries shares moved above their 50-day moving average, trading as high as $76.49 and last changing hands at $75.18, although the stock remains below its 200-day average of $96.13.
• Third-quarter adjusted EPS of $1.03 and revenue of $975.3 million exceeded estimates, supported by growth in marine, powersports and housing; however, RV revenue fell 15%, contributing to lower GAAP earnings and operating income.
• The planned all-stock merger with LCI Industries remains on track, with a shareholder vote scheduled for November 18. Analysts maintain a “Moderate Buy” consensus and an average price target of $102.56.

Patrick Industries, Inc. (NASDAQ:PATK - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $72.51 and traded as high as $76.49. Patrick Industries shares last traded at $75.18, with a volume of 1,632,335 shares changing hands.

Patrick Industries News Roundup

Here are the key news stories impacting Patrick Industries this week:

• Positive Sentiment: Quarterly earnings and revenue topped estimates. Adjusted earnings per share were $1.03, ahead of the $0.97 consensus estimate, while revenue of $975.3 million exceeded expectations of approximately $938.5 million. Patrick Industries Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Marine, powersports and housing provided meaningful growth. Marine revenue rose 14% to $171 million, powersports revenue surged 30% to $128 million, and housing revenue increased 4% to $314 million. The powersports performance was a key contributor to the earnings beat. Patrick Industries Q3 2026 Earnings
• Positive Sentiment: Management cited solid execution despite RV weakness. The company ended the quarter with approximately $716 million of available liquidity and a 2.9x total net leverage ratio, supporting financial flexibility. Patrick also returned $15 million to shareholders through regular dividends. Patrick Industries Posts Resilient Q3 Results
• Positive Sentiment: The planned all-stock merger with LCI Industries NYSE: LCII remains on track. Patrick reaffirmed the agreement, and a shareholder vote is scheduled for November 18, providing a potential catalyst while investors assess the strategic combination. Patrick Reaffirms Merger Agreement with LCI Industries
• Neutral Sentiment: Patrick promoted Tammy Lowe to vice president of marketing at its Rockford Fosgate brand. The move is intended to strengthen partnerships and support brand growth, but it is unlikely to materially affect near-term financial results. Rockford Fosgate Promotes Tammy Lowe
• Negative Sentiment: RV remains a significant headwind. RV revenue declined 15% year over year to $362 million. GAAP net income fell to $21.1 million, or $0.64 per diluted share, from $35.3 million, or $1.01, while operating income declined to $49.8 million from $66.3 million. Patrick Industries Third Quarter 2026 Results

Analysts Set New Price Targets

Several brokerages have commented on PATK. Weiss Ratings lowered shares of Patrick Industries from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 29th. Roth Capital reiterated a "buy" rating and issued a $96.00 target price on shares of Patrick Industries in a research note on Tuesday. Truist Financial set a $88.00 target price on shares of Patrick Industries and gave the company a "buy" rating in a research report on Friday, October 23rd. Northcoast Research set a $121.00 price target on shares of Patrick Industries and gave the stock a "buy" rating in a research note on Tuesday, September 1st. Finally, Benchmark reaffirmed a "buy" rating and issued a $115.00 price target (down from $135.00) on shares of Patrick Industries in a report on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $102.56.

Patrick Industries Trading Up 7.5%

The firm's fifty day moving average price is $72.51 and its two-hundred day moving average price is $96.13. The stock has a market cap of $2.41 billion, a P/E ratio of 17.82 and a beta of 1.16. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.67 and a quick ratio of 0.96.

Patrick Industries (NASDAQ:PATK - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.97 by $0.06. Patrick Industries had a return on equity of 12.69% and a net margin of 3.74%. The company had revenue of $975.28 million during the quarter, compared to analyst estimates of $938.49 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share. Patrick Industries's revenue was up .0% on a year-over-year basis. As a group, equities research analysts forecast that Patrick Industries, Inc. will post 4.11 EPS for the current year.

Patrick Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were given a $0.47 dividend. The ex-dividend date was Monday, August 24th. This represents a $1.88 annualized dividend and a yield of 2.5%. Patrick Industries's payout ratio is 44.55%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in shares of Patrick Industries by 1.2% during the third quarter. Nisa Investment Advisors LLC now owns 15,490 shares of the construction company's stock worth $1,050,000 after acquiring an additional 182 shares in the last quarter. Persistent Asset Partners Ltd bought a new stake in shares of Patrick Industries in the 2nd quarter worth approximately $25,000. Inspire Investing LLC lifted its holdings in shares of Patrick Industries by 5.4% in the 1st quarter. Inspire Investing LLC now owns 5,613 shares of the construction company's stock worth $623,000 after acquiring an additional 289 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Patrick Industries in the 2nd quarter valued at $34,000. Finally, Pictet Asset Management Holding SA boosted its stake in shares of Patrick Industries by 9.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 5,245 shares of the construction company's stock valued at $583,000 after purchasing an additional 453 shares in the last quarter. Institutional investors own 93.29% of the company's stock.

Patrick Industries Company Profile

Patrick Industries, Inc is a manufacturer and distributor of component products and building materials serving the recreational vehicle, marine, manufactured housing, and industrial markets. The company supplies products used in the construction, furnishing, and finishing of recreational and residential vehicles, boats, homes, and other manufactured structures.

Its product offerings include cabinetry, furniture, countertops, flooring, interior and exterior components, electronics, audio systems, lighting, plumbing products, hardware, adhesives, and related materials.

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