Roth Capital Has Pessimistic Outlook of PATK FY2026 Earnings

Patrick Industries, Inc. (NASDAQ:PATK) – Research analysts at Roth Capital lowered their FY2026 EPS estimates for shares of Patrick Industries in a research report issued to clients and investors on Friday, November 1st. Roth Capital analyst S. Stember now expects that the construction company will earn $9.79 per share for the year, down from their previous estimate of $9.89. The consensus estimate for Patrick Industries’ current full-year earnings is $7.21 per share.

Several other research analysts have also recently issued reports on PATK. KeyCorp increased their price objective on Patrick Industries from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. BMO Capital Markets boosted their price target on shares of Patrick Industries from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Friday. Robert W. Baird lifted their price objective on shares of Patrick Industries from $120.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Raymond James dropped their target price on Patrick Industries from $160.00 to $136.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Benchmark restated a “buy” rating and set a $145.00 price objective on shares of Patrick Industries in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Patrick Industries has an average rating of “Moderate Buy” and a consensus target price of $139.88.

Patrick Industries Trading Down 0.6 %

Shares of PATK opened at $115.13 on Monday. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.19 and a beta of 1.62. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.41 and a quick ratio of 0.94. Patrick Industries has a 1-year low of $75.01 and a 1-year high of $148.35. The company has a 50-day moving average of $136.64 and a 200 day moving average of $121.96.

Patrick Industries (NASDAQ:PATK) last released its earnings results on Thursday, October 31st. The construction company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.03). The business had revenue of $919.44 million during the quarter, compared to analysts’ expectations of $935.75 million. Patrick Industries had a return on equity of 14.84% and a net margin of 4.24%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.81 EPS.

Patrick Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $2.20 dividend on an annualized basis and a yield of 1.91%. Patrick Industries’s dividend payout ratio is presently 31.61%.

Insider Buying and Selling at Patrick Industries

In other news, Director Todd M. Cleveland sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $131.05, for a total transaction of $982,875.00. Following the sale, the director now owns 82,374 shares of the company’s stock, valued at $10,795,112.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Todd M. Cleveland sold 7,500 shares of Patrick Industries stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $131.05, for a total value of $982,875.00. Following the completion of the transaction, the director now owns 82,374 shares in the company, valued at $10,795,112.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Hugo E. Gonzalez sold 1,911 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $130.11, for a total value of $248,640.21. Following the transaction, the chief operating officer now owns 23,759 shares in the company, valued at $3,091,283.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,411 shares of company stock valued at $3,858,915. 4.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Patrick Industries

Large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. purchased a new position in Patrick Industries in the 2nd quarter valued at $41,000. Sound Income Strategies LLC purchased a new position in shares of Patrick Industries in the third quarter worth about $46,000. GAMMA Investing LLC grew its stake in Patrick Industries by 76.2% during the 3rd quarter. GAMMA Investing LLC now owns 474 shares of the construction company’s stock valued at $67,000 after acquiring an additional 205 shares in the last quarter. UMB Bank n.a. raised its holdings in Patrick Industries by 176.6% in the 3rd quarter. UMB Bank n.a. now owns 567 shares of the construction company’s stock valued at $81,000 after acquiring an additional 362 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in Patrick Industries in the 3rd quarter worth approximately $157,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Patrick Industries Company Profile

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.