Patrick Industries (NASDAQ:PATK) Cut to Sell at Wall Street Zen

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

PATK has been the subject of several other reports. Roth Capital reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Patrick Industries in a research note on Tuesday. Northcoast Research set a $121.00 target price on Patrick Industries and gave the company a “buy” rating in a research report on Tuesday, September 1st. Benchmark restated a “buy” rating and set a $115.00 price target (down from $135.00) on shares of Patrick Industries in a report on Tuesday, August 11th. KeyCorp lowered their price target on Patrick Industries from $115.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. Finally, 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. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Patrick Industries presently has a consensus rating of “Moderate Buy” and an average price target of $103.00.

Patrick Industries Price Performance

Patrick Industries stock opened at $77.68 on Friday. 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 firm’s fifty day moving average is $72.35 and its 200 day moving average is $95.93. The company has a quick ratio of 0.96, a current ratio of 2.51 and a debt-to-equity ratio of 1.20. Patrick Industries has a 52-week low of $63.00 and a 52-week high of $148.50.

Patrick Industries (NASDAQ:PATK) last issued its quarterly earnings data on Thursday, October 29th. The construction company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The business had revenue of $975.28 million during the quarter, compared to analysts’ expectations of $938.49 million. Patrick Industries had a net margin of 3.38% and a return on equity of 12.61%. The business’s revenue was up .0% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. Sell-side analysts forecast that Patrick Industries will post 4.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Patrick Industries

Several hedge funds and other institutional investors have recently modified their holdings of PATK. ARGA Investment Management LP purchased a new position in shares of Patrick Industries during the third quarter valued at $997,000. Evergreen Capital Management LLC lifted its position in shares of Patrick Industries by 41.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 3,407 shares of the construction company’s stock worth $231,000 after purchasing an additional 995 shares during the period. James Investment Research Inc. increased its holdings in Patrick Industries by 5.3% during the third quarter. James Investment Research Inc. now owns 19,204 shares of the construction company’s stock valued at $1,302,000 after buying an additional 975 shares during the period. Inspire Investing LLC raised its stake in Patrick Industries by 26.8% in the third quarter. Inspire Investing LLC now owns 10,976 shares of the construction company’s stock worth $744,000 after buying an additional 2,317 shares in the last quarter. Finally, Wavvest Wealth LLC bought a new stake in Patrick Industries during the 3rd quarter valued at $326,000. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Patrick Industries

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.