Research Analysts’ Weekly Ratings Changes for Patrick Industries (PATK)

Several analysts have recently updated their ratings and price targets for Patrick Industries (NASDAQ: PATK):

• 5/7/2026 – Patrick Industries was downgraded by Weiss Ratings from “buy (b-)” to “hold (c+)”.
• 5/5/2026 – Patrick Industries was given a new $128.00 price target by Roth Mkm.
• 5/5/2026 – Patrick Industries was downgraded by Zacks Research from “hold” to “strong sell”.
• 5/1/2026 – Patrick Industries was given a new $110.00 price target by Robert W. Baird.
• 5/1/2026 – Patrick Industries was given a new $108.00 price target by Raymond James Financial, Inc..
• 5/1/2026 – Patrick Industries had its price target lowered by KeyCorp from $140.00 to $125.00. They now have an “overweight” rating on the stock.
• 5/1/2026 – Patrick Industries had its price target lowered by Benchmark Co. from $150.00 to $135.00. They now have a “buy” rating on the stock.
• 4/20/2026 – Patrick Industries had its “outperform” rating reaffirmed by BMO Capital Markets. They now have a $150.00 price target on the stock, down from $155.00.
• 4/16/2026 – Patrick Industries had its “buy” rating reaffirmed by Roth Mkm. They now have a $140.00 price target on the stock, down from $157.00.
• 4/12/2026 – Patrick Industries was downgraded by Wall Street Zen from “buy” to “hold”.
• 4/9/2026 – Patrick Industries had its price target lowered by KeyCorp from $155.00 to $140.00. They now have an “overweight” rating on the stock.
• 4/4/2026 – Patrick Industries was upgraded by Wall Street Zen from “hold” to “buy”.

Insider Activity at Patrick Industries

In related news, insider Charles R. Roeder acquired 5,750 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were bought at an average price of $87.83 per share, for a total transaction of $505,022.50. Following the acquisition, the insider owned 42,147 shares in the company, valued at $3,701,771.01. This trade represents a 15.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andy L. Nemeth acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were bought at an average price of $88.00 per share, for a total transaction of $880,000.00. Following the acquisition, the chief executive officer owned 287,745 shares in the company, valued at approximately $25,321,560. This trade represents a 3.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 37,310 shares of company stock worth $3,541,295. Insiders own 3.80% of the company’s stock.

Patrick Industries, Inc is a leading manufacturer and distributor of component products and building materials for the recreational vehicle (RV), manufactured housing, marine and industrial markets. The company supplies a broad array of interior and exterior products, including cabinetry, countertops, flooring, wall panels and decorative trim. Patrick Industries also offers engineered composites, adhesives, sealants and insulation solutions that cater to both original equipment manufacturers (OEMs) and aftermarket customers across North America.

Founded in 1959 and headquartered in Elkhart, Indiana, Patrick Industries began as a small distributor of hardwood and millwork products.