Roth Capital Has Negative Estimate for PATK FY2026 Earnings

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

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

PATK has been the subject of a number of other reports. Truist Financial upped 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. DA Davidson raised their target price on Patrick Industries from $108.00 to $114.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Raymond James cut their price target on Patrick Industries from $160.00 to $136.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Robert W. Baird upped their target price on shares of Patrick Industries from $120.00 to $128.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets increased their target price on shares of Patrick Industries from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Patrick Industries presently has an average rating of “Moderate Buy” and an average target price of $139.88.

Patrick Industries Stock Performance

NASDAQ:PATK opened at $118.50 on Monday. The firm has a market capitalization of $2.65 billion, a PE ratio of 16.73, a PEG ratio of 1.09 and a beta of 1.62. Patrick Industries has a 1 year low of $75.01 and a 1 year high of $148.35. The company has a current ratio of 2.41, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. The firm’s fifty day simple moving average is $136.30 and its 200 day simple moving average is $122.05.

Patrick Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Monday, August 26th. Patrick Industries’s dividend payout ratio is 31.61%.

Insider Buying and Selling at Patrick Industries

In other news, insider Jeff Rodino sold 20,000 shares of the 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 transaction, the insider now directly owns 139,109 shares of the company’s stock, valued at approximately $18,274,749.33. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Patrick Industries news, Director Todd M. Cleveland sold 7,500 shares of the company’s stock in a transaction dated 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 directly owns 82,374 shares of the company’s stock, valued at approximately $10,795,112.70. 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 can be accessed through this link. Also, insider Jeff Rodino sold 20,000 shares of Patrick Industries stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $131.37, for a total transaction of $2,627,400.00. Following the completion of the transaction, the insider now owns 139,109 shares of the company’s stock, valued at $18,274,749.33. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,411 shares of company stock valued at $3,858,915. 4.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Patrick Industries

A number of large investors have recently bought and sold shares of the business. Xponance Inc. boosted its stake in Patrick Industries by 4.1% in the second quarter. Xponance Inc. now owns 2,118 shares of the construction company’s stock worth $230,000 after purchasing an additional 83 shares in the last quarter. Trust Point Inc. lifted its position in Patrick Industries by 1.1% during the 3rd quarter. Trust Point Inc. now owns 8,964 shares of the construction company’s stock worth $1,276,000 after buying an additional 96 shares in the last quarter. FORA Capital LLC grew its holdings in Patrick Industries by 2.9% during the 1st quarter. FORA Capital LLC now owns 4,492 shares of the construction company’s stock worth $537,000 after acquiring an additional 128 shares during the last quarter. SummerHaven Investment Management LLC increased its position in Patrick Industries by 1.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 9,000 shares of the construction company’s stock valued at $977,000 after acquiring an additional 135 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Patrick Industries by 2.1% in the third quarter. Amalgamated Bank now owns 6,573 shares of the construction company’s stock worth $936,000 after acquiring an additional 136 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors.

About Patrick Industries

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.