Patrick Industries (PATK)

• Market cap: $3.12B
• 1 day: 0.55%
• 5 days: 12.69%
• 1 month: 5.36%
• 3 months: 43.13%
• 6 months: 71.16%
• Year to date: 12.89%
• 1 year: 120.13%
• 5 years: 281.56%
• 10 years: 1,041.87%
• Sector: Consumer Discretionary
• Industry: Motor Vehicle Parts & Accessories

About: Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured housing industries. One of the firm's RV customers makes up a portion of revenue.

Employees: 10,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

200% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 3 (+2) [Q3]

185% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 20

32% more capital invested

Capital invested by funds: $2.41B [Q2] → $3.17B (+$761M) [Q3]

13% more funds holding

Funds holding: 263 [Q2] → 297 (+34) [Q3]

6% more repeat investments, than reductions

Existing positions increased: 102 | Existing positions reduced: 96

0.29% more ownership

Funds ownership: 99.27% [Q2] → 99.56% (+0.29%) [Q3]

51% less call options, than puts

Call options by funds: $4.74M | Put options by funds: $9.66M

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $91 2% downside
• Avg. target: $101 9% upside
• High target: $111 20% upside

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

Truist Securities Michael Swartz 40% 1-year accuracy 20 / 50 met price target	13% upside $105	Buy Maintained	7 Jan 2025
Benchmark Michael Albanese 16% 1-year accuracy 3 / 19 met price target	4% upside $97	Buy Reiterated	4 Nov 2024
DA Davidson Brandon Rolle 10% 1-year accuracy 1 / 10 met price target	20% upside $111	Neutral Maintained	4 Nov 2024
Raymond James Joseph Altobello 50% 1-year accuracy 6 / 12 met price target	2% downside $91	Outperform Maintained	1 Nov 2024
BMO Capital Tristan Thomas-Martin 44% 1-year accuracy 4 / 9 met price target	11% upside $103	Outperform Maintained	1 Nov 2024