Principal Financial Group Inc. Has $18.33 Million Holdings in Patrick Industries, Inc. $PATK

Principal Financial Group Inc. grew its holdings in Patrick Industries, Inc. (NASDAQ:PATK) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 177,260 shares of the construction company’s stock after buying an additional 11,492 shares during the period. Principal Financial Group Inc. owned 0.53% of Patrick Industries worth $18,334,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PATK. Salomon & Ludwin LLC acquired a new stake in Patrick Industries during the 3rd quarter valued at $25,000. Strs Ohio acquired a new stake in shares of Patrick Industries during the 1st quarter worth about $42,000. Parkside Financial Bank & Trust boosted its holdings in shares of Patrick Industries by 87.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 478 shares of the construction company’s stock worth $49,000 after buying an additional 223 shares during the period. Quent Capital LLC bought a new stake in shares of Patrick Industries during the 3rd quarter worth about $66,000. Finally, EverSource Wealth Advisors LLC grew its stake in Patrick Industries by 671.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the construction company’s stock valued at $107,000 after buying an additional 1,007 shares during the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

Patrick Industries Stock Up 0.2%

PATK stock opened at $140.85 on Monday. The company has a market cap of $4.69 billion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 1.48 and a beta of 1.34. The company has a quick ratio of 0.80, a current ratio of 2.51 and a debt-to-equity ratio of 1.08. Patrick Industries, Inc. has a 52 week low of $72.99 and a 52 week high of $144.40. The business has a 50-day simple moving average of $118.40 and a 200 day simple moving average of $109.66.

Patrick Industries (NASDAQ:PATK) last issued its earnings results on Thursday, February 5th. The construction company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.74 by $0.10. The company had revenue of $924.17 million during the quarter, compared to analysts’ expectations of $858.62 million. Patrick Industries had a net margin of 3.42% and a return on equity of 13.28%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS. Sell-side analysts anticipate that Patrick Industries, Inc. will post 5.33 EPS for the current fiscal year.

Patrick Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, February 23rd will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $1.88 annualized dividend and a yield of 1.3%. Patrick Industries’s dividend payout ratio (DPR) is 48.08%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Loop Capital began coverage on Patrick Industries in a report on Friday, October 31st. They set a “hold” rating and a $99.00 price objective for the company. Roth Mkm set a $115.00 price target on Patrick Industries and gave the company a “buy” rating in a research note on Friday, October 31st. BMO Capital Markets reissued an “outperform” rating and set a $155.00 target price on shares of Patrick Industries in a report on Friday. KeyCorp reissued an “overweight” rating and issued a $155.00 target price (up previously from $135.00) on shares of Patrick Industries in a research report on Friday. Finally, Weiss Ratings lowered shares of Patrick Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Patrick Industries has an average rating of “Moderate Buy” and an average target price of $129.88.

Insider Activity at Patrick Industries

In other news, CEO Andy L. Nemeth sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $115.00, for a total value of $2,875,000.00. Following the sale, the chief executive officer directly owned 301,641 shares in the company, valued at approximately $34,688,715. This trade represents a 7.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.70% of the company’s stock.

Patrick Industries News Roundup

Here are the key news stories impacting Patrick Industries this week:

• Positive Sentiment: Q4 results beat expectations — PATK posted $0.84 EPS vs. ~$0.74 consensus and revenue of $924.2M vs. ~$858.6M, with revenue up ~9% year-over-year; investors typically reward beats like this. Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results and Declares Quarterly Cash Dividend
• Positive Sentiment: Management expects 70–90 basis points of operating-margin improvement in 2026 and is expanding composite and aftermarket strategies — this guidance points to margin leverage and higher long-term profitability if execution holds. Patrick Industries outlines 70–90 bps operating margin improvement for 2026 while expanding composite and aftermarket strategies
• Positive Sentiment: Market commentary says recent stock surge has alleviated valuation doubts — momentum and positive sentiment from results/guidance are reinforcing investor confidence. Patrick Industries’ Surge Removes Doubts About Its Valuation
• Positive Sentiment: Quarterly dividend declared (next record/ex-div dates set) — a cash return and yield (~1.3% annualized) can support investor demand from income-focused holders. Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results and Declares Quarterly Cash Dividend
• Neutral Sentiment: Quarterly earnings snapshot and call highlights provide color on sales strength across end markets but no major change to long-term guidance beyond margin targets. Patrick Industries: Q4 Earnings Snapshot
• Neutral Sentiment: Media earnings summaries and call highlights emphasize strong sales growth but suggest investors should watch execution on composites and aftermarket rollouts. Patrick Industries Inc (PATK) Q4 2025 Earnings Call Highlights: Strong Sales Growth Amid Market …
• Neutral Sentiment: Analyst notes (Zacks et al.) compare key metrics to Street estimates and prior-year results — consensus still expects ~5.33 EPS for the year, but that depends on margin recovery. Patrick Industries (PATK) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
• Negative Sentiment: Valuation and balance-sheet metrics are risk factors — PATK trades at a high P/E (~40x) with leverage (debt/equity ~1.13) and modest net margin (~3.1%); if margin improvement stalls, valuation could come under pressure. Patrick Industries Earnings Report & Materials

Patrick Industries Company Profile

Patrick Industries, Inc is a leading manufacturer and distributor of component products and building materials for the recreational vehicle (RV), manufactured housing, marine and industrial markets. The company supplies a broad array of interior and exterior products, including cabinetry, countertops, flooring, wall panels and decorative trim. Patrick Industries also offers engineered composites, adhesives, sealants and insulation solutions that cater to both original equipment manufacturers (OEMs) and aftermarket customers across North America.

Founded in 1959 and headquartered in Elkhart, Indiana, Patrick Industries began as a small distributor of hardwood and millwork products.