Equities Analysts Issue Forecasts for Patrick Industries, Inc.’s Q2 2025 Earnings (NASDAQ:PATK)

Patrick Industries, Inc. (NASDAQ:PATK) – Analysts at Roth Capital cut their Q2 2025 EPS estimates for Patrick Industries in a research report issued on Monday, October 7th. Roth Capital analyst S. Stember now forecasts that the construction company will earn $2.53 per share for the quarter, down from their previous forecast of $2.61. The consensus estimate for Patrick Industries’ current full-year earnings is $7.31 per share.

Patrick Industries (NASDAQ:PATK) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.11. Patrick Industries had a net margin of 4.26% and a return on equity of 15.06%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $972.06 million. During the same period in the prior year, the company posted $1.94 EPS. Patrick Industries’s revenue was up 10.8% compared to the same quarter last year.

Other analysts have also issued reports about the company. DA Davidson boosted their price objective on Patrick Industries from $108.00 to $114.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Raymond James started coverage on Patrick Industries in a research report on Tuesday, October 1st. They set an “outperform” rating and a $160.00 price target on the stock. Robert W. Baird raised their price objective on shares of Patrick Industries from $120.00 to $128.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. KeyCorp upped their target price on shares of Patrick Industries from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Truist Financial raised their price target on shares of Patrick Industries from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, September 20th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $138.50.

Patrick Industries Trading Down 0.5 %

NASDAQ:PATK opened at $143.55 on Wednesday. Patrick Industries has a 1 year low of $70.15 and a 1 year high of $148.35. The stock’s fifty day moving average price is $132.20 and its two-hundred day moving average price is $119.06. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.29 and a quick ratio of 0.94. The company has a market cap of $3.22 billion, a P/E ratio of 21.27, a P/E/G ratio of 1.22 and a beta of 1.61.

Patrick Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Monday, August 26th. Patrick Industries’s dividend payout ratio (DPR) is currently 32.59%.

Insider Transactions at Patrick Industries

In related news, insider Jeff Rodino sold 20,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $131.37, for a total value of $2,627,400.00. Following the transaction, the insider now owns 139,109 shares of the company’s stock, valued at $18,274,749.33. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Patrick Industries news, insider Jeff Rodino sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $131.37, for a total value of $2,627,400.00. Following the completion of the sale, the insider now owns 139,109 shares of the company’s stock, valued at $18,274,749.33. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Todd M. Cleveland sold 7,500 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,411 shares of company stock valued at $3,858,915. Insiders own 4.70% of the company’s stock.

Hedge Funds Weigh In On Patrick Industries

A number of large investors have recently added to or reduced their stakes in PATK. Pacer Advisors Inc. grew its stake in shares of Patrick Industries by 20.1% during the second quarter. Pacer Advisors Inc. now owns 1,325,556 shares of the construction company’s stock valued at $143,889,000 after buying an additional 221,904 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Patrick Industries during the 2nd quarter worth approximately $22,460,000. Price T Rowe Associates Inc. MD increased its stake in Patrick Industries by 10.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 276,870 shares of the construction company’s stock worth $33,078,000 after purchasing an additional 26,389 shares during the period. Anchor Capital Management Company LLC lifted its position in Patrick Industries by 18.0% in the second quarter. Anchor Capital Management Company LLC now owns 146,088 shares of the construction company’s stock valued at $15,858,000 after purchasing an additional 22,279 shares during the last quarter. Finally, Peregrine Capital Management LLC boosted its stake in shares of Patrick Industries by 29.8% during the second quarter. Peregrine Capital Management LLC now owns 92,865 shares of the construction company’s stock valued at $10,080,000 after purchasing an additional 21,329 shares during the period. Hedge funds and other institutional investors own 93.29% of the company’s stock.

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.