Q2 EPS Estimates for Patrick Industries Cut by Roth Capital

Patrick Industries, Inc. (NASDAQ:PATK) – Equities researchers at Roth Capital lowered their Q2 2026 earnings estimates for Patrick Industries in a research note issued to investors on Friday, May 2nd. Roth Capital analyst S. Stember now anticipates that the construction company will earn $1.64 per share for the quarter, down from their previous forecast of $1.68. The consensus estimate for Patrick Industries’ current full-year earnings is $5.33 per share.

Patrick Industries (NASDAQ:PATK) last released its earnings results on Thursday, May 1st. The construction company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.13. Patrick Industries had a return on equity of 13.25% and a net margin of 3.72%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $959.46 million. During the same quarter in the prior year, the firm posted $1.79 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis.

PATK has been the subject of several other research reports. Baird R W cut shares of Patrick Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Robert W. Baird reduced their price objective on shares of Patrick Industries from $96.00 to $84.00 and set a “neutral” rating for the company in a research note on Friday. KeyCorp lowered their target price on Patrick Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Raymond James reduced their price target on Patrick Industries from $103.00 to $95.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Benchmark boosted their price target on Patrick Industries from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Patrick Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.29.

Patrick Industries Stock Up 1.5 %

Patrick Industries stock opened at $82.83 on Monday. The company has a 50 day moving average of $83.07 and a 200-day moving average of $87.15. The company has a quick ratio of 0.77, a current ratio of 2.33 and a debt-to-equity ratio of 1.16. Patrick Industries has a twelve month low of $67.72 and a twelve month high of $98.90. The stock has a market capitalization of $2.78 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 1.41 and a beta of 2.05.

Insider Transactions at Patrick Industries

In other news, Director M Scott Welch bought 10,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $86.22 per share, with a total value of $862,200.00. Following the transaction, the director now owns 136,000 shares of the company’s stock, valued at $11,725,920. This trade represents a 7.94 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stacey L. Neu sold 2,885 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $85.53, for a total transaction of $246,754.05. Following the completion of the transaction, the executive vice president now owns 18,044 shares in the company, valued at $1,543,303.32. This trade represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. 4.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Patrick Industries

A number of hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its position in shares of Patrick Industries by 49.8% during the 4th quarter. Quadrant Capital Group LLC now owns 328 shares of the construction company’s stock worth $27,000 after buying an additional 109 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Patrick Industries by 49.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 344 shares of the construction company’s stock worth $29,000 after purchasing an additional 114 shares during the period. James Investment Research Inc. increased its stake in Patrick Industries by 0.8% in the first quarter. James Investment Research Inc. now owns 15,654 shares of the construction company’s stock valued at $1,324,000 after purchasing an additional 125 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Patrick Industries by 35.1% during the fourth quarter. UMB Bank n.a. now owns 766 shares of the construction company’s stock valued at $64,000 after purchasing an additional 199 shares during the period. Finally, Global Retirement Partners LLC boosted its position in shares of Patrick Industries by 44.8% during the 4th quarter. Global Retirement Partners LLC now owns 643 shares of the construction company’s stock worth $53,000 after purchasing an additional 199 shares in 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.