Patrick IndustriesPATK
PATK
About: Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured housing industries. One of the firm's RV customers makes up a portion of revenue.
Employees: 10,000
0
Funds holding %
of 7,296 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q4 2024] → 3 (+1) [Q1 2025]
39% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 33
7% more capital invested
Capital invested by funds: $2.78B [Q4 2024] → $2.98B (+$198M) [Q1 2025]
5.1% more ownership
Funds ownership: 99.68% [Q4 2024] → 104.78% (+5.1%) [Q1 2025]
3% more funds holding
Funds holding: 300 [Q4 2024] → 308 (+8) [Q1 2025]
3% more repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 109
25% less call options, than puts
Call options by funds: $909K | Put options by funds: $1.21M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$84
7%
downside
Avg. target
$97
8%
upside
High target
$105
17%
upside
5 analyst ratings
4 positive
80%
1 neutral
20%
0 negative
0%
Truist Securities Michael Swartz | 17%upside $105 | Buy Maintained | 3 Jun 2025 |
Roth MKM Scott Stember | 11%upside $100 | Buy Reiterated | 2 May 2025 |
Raymond James Joseph Altobello | 6%upside $95 | Outperform Maintained | 2 May 2025 |
Baird Craig Kennison | 7%downside $84 | Neutral Maintained | 2 May 2025 |
Keybanc Eric Heath | 11%upside $100 | Overweight Maintained | 17 Apr 2025 |
Financial journalist opinion
Based on 3 articles about PATK published over the past 30 days
Neutral
PRNewsWire
2 weeks ago
Patrick Industries, Inc. to Participate in Upcoming Baird Conference
ELKHART, Ind. , May 27, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in the upcoming Baird 2025 Global Consumer, Technology & Services Conference to be held in New York, NY from June 3-5, 2025.
Neutral
PRNewsWire
3 weeks ago
Patrick Industries Welcomes Back Jake Petkovich as President - Marine; Rick Reyenger Transitions to Strategic Advisory Role
ELKHART, Ind. , May 19, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, announced that Jake Petkovich will rejoin Patrick as President – Marine, succeeding Rick Reyenger, effective May 19, 2025.
Neutral
PRNewsWire
4 weeks ago
Patrick Industries, Inc. Declares Quarterly Cash Dividend
ELKHART, Ind. , May 16, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) today announced that on May 15, 2025, its Board of Directors (the "Board") declared a quarterly cash dividend on its common stock of $0.40 per share.
Positive
Seeking Alpha
1 month ago
Patrick Industries: A Long-Term Play After Its Pullback
Buying during tough times can yield strong long-term returns; Patrick Industries, despite recent challenges, remains a solid 'buy' candidate for long-term investors. Patrick Industries has shown strong performance, with a 97.2% stock increase since January 2022, outperforming the broader market's 27.1% gain. Despite mixed recent financial results and economic challenges, Patrick Industries' shares are considered cheap and potentially lucrative for long-term investors.
Neutral
Seeking Alpha
1 month ago
Patrick Industries, Inc. (PATK) Q1 2025 Earnings Call Transcript
Patrick Industries, Inc. (NASDAQ:PATK ) Q1 2025 Results Conference Call May 1, 2025 10:00 AM ET Company Participants Steve O'Hara - VP of Investor Relations Andy Nemeth - Chief Executive Officer Jeffrey Rodino - President Andrew Roeder - EVP, Finance, CFO, & Treasurer Conference Call Participants Mike Swartz - Truist Securities Joe Altobello - Raymond James Noah Zatzkin - KeyBanc Capital Markets Tristan Thomas-Martin - BMO Capital Markets Alex Perry - Bank of America Alice Wycklendt - Baird Daniel Moore - CJS Securities Scott Stember - ROTH MKM Operator Good morning, ladies and gentlemen, and welcome to Patrick Industries First Quarter 2025 Earnings Conference Call. My name is Shamali, and I'll be your operator for today's call.
Positive
Zacks Investment Research
1 month ago
Patrick Industries (PATK) Q1 Earnings and Revenues Beat Estimates
Patrick Industries (PATK) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.19 per share a year ago.
Neutral
PRNewsWire
1 month ago
Patrick Industries, Inc. Reports First Quarter 2025 Financial Results
First Quarter 2025 Highlights (compared to First Quarter 2024 unless otherwise noted) Net sales increased 7% to $1.0 billion, driven by revenue growth of 14% and 7% in the Company's RV and Housing markets, respectively, which more than offset a 4% decline in Marine revenue and a 2% decline in Powersports revenue. Operating margin increased 10 basis points to 6.5%.
Negative
Zacks Investment Research
1 month ago
Analysts Estimate Patrick Industries (PATK) to Report a Decline in Earnings: What to Look Out for
Patrick Industries (PATK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
PRNewsWire
1 month ago
Patrick Industries, Inc. Announces First Quarter 2025 Earnings Release and Conference Call Webcast on May 1, 2025
ELKHART, Ind. , April 17, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that it will release its first quarter 2025 financial results before the market opens on Thursday, May 1, 2025.
Neutral
PRNewsWire
3 months ago
Patrick Industries, Inc. to Participate in Upcoming Investor Conferences
ELKHART, Ind. , Feb. 27, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company"), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, will participate in three upcoming investor conferences in March.
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