Patrick Industries (NASDAQ:PATK) Stock Gets Downgrade from Wall Street Zen

Patrick Industries (NASDAQ:PATK) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday, Wall Street Zen reports.

PATK has been the subject of a number of other research reports. Raymond James Financial reaffirmed an “outperform” rating on shares of Patrick Industries in a report on Thursday. Northcoast Research set a $121.00 price objective on shares of Patrick Industries and gave the company a “buy” rating in a report on Tuesday, September 1st. Weiss Ratings lowered shares of Patrick Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, September 29th. Roth Capital restated a “buy” rating and set a $96.00 target price on shares of Patrick Industries in a research report on Tuesday. 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, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $103.00.

Patrick Industries Stock Up 3.3%

Shares of PATK stock opened at $77.68 on Friday. The stock’s fifty day moving average price is $72.35 and its 200 day moving average price is $95.93. Patrick Industries has a 1-year low of $63.00 and a 1-year high of $148.50. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 20.18 and a beta of 1.16. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.51 and a quick ratio of 0.96.

Patrick Industries (NASDAQ:PATK) last issued its quarterly earnings results on Thursday, October 29th. The construction company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.06. Patrick Industries had a return on equity of 12.61% and a net margin of 3.38%. The business had revenue of $975.28 million during the quarter, compared to the consensus estimate of $938.49 million. During the same quarter last year, the company earned $1.01 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, research analysts expect that Patrick Industries will post 4.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Patrick Industries

A number of hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in shares of Patrick Industries during the 2nd quarter worth approximately $65,138,000. Copeland Capital Management LLC increased its stake in shares of Patrick Industries by 17.6% during the first quarter. Copeland Capital Management LLC now owns 563,507 shares of the construction company’s stock worth $62,589,000 after purchasing an additional 84,508 shares in the last quarter. Bank of America Corp DE acquired a new stake in Patrick Industries in the 2nd quarter worth about $30,646,000. The Manufacturers Life Insurance Company purchased a new position in shares of Patrick Industries in the second quarter valued at approximately $27,166,000. Finally, Lodge Hill Capital LLC boosted its stake in shares of Patrick Industries by 13.9% in the first quarter. Lodge Hill Capital LLC now owns 205,000 shares of the construction company’s stock worth $22,769,000 after acquiring an additional 25,000 shares during the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Patrick Industries News Summary

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

• Positive Sentiment: Patrick reported third-quarter adjusted EPS of $1.03, above the $0.97 consensus estimate, while revenue of $975.3 million exceeded expectations near $938.5 million. Adjusted results were also slightly ahead of the $1.01 earned in the year-ago quarter. Patrick Industries Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Diversification supported the quarter: Marine revenue rose 14% to $171 million, Powersports revenue surged 30% to $128 million, and Housing revenue grew 4% to $314 million. Powersports strength was a key contributor to the earnings outperformance. Patrick Industries Q3 2026 Earnings
• Positive Sentiment: The company ended the quarter with approximately $716 million of available liquidity and returned $15 million to shareholders through regular dividends, supporting financial flexibility. Patrick Industries Reports Solid Q3 Results
• Neutral Sentiment: Shareholders are scheduled to vote November 18 on Patrick’s planned all-stock merger with LCI Industries, creating a potential strategic catalyst but also leaving investors focused on deal approval and execution. Patrick Industries Reports Third-Quarter Results
• Negative Sentiment: RV revenue declined 15% to $362 million. GAAP net income fell to $21.1 million, or $0.64 per diluted share, from $35.3 million, or $1.01, a year earlier, while operating income decreased to $49.8 million from $66.3 million. Patrick Industries Third-Quarter Financial Results

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.