Patrick Industries (PATK)

• Market cap: $2.66B
• 1 day: 0.06%
• 5 days: -0.05%
• 1 month: -6.29%
• 3 months: -14.50%
• 6 months: 22.38%
• Year to date: -3.47%
• 1 year: 71.19%
• 5 years: 467.10%
• 10 years: 591.19%
• Sector: Consumer Discretionary
• Industry: Furnishings, Fixtures & Appliances

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 Q4 regulatory disclosures by fund managers ($100M+ AUM)

1,172% more repeat investments, than reductions

Existing positions increased: 229 | Existing positions reduced: 18

20% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 41

0.66% more ownership

Funds ownership: 99.02% [Q3] → 99.68% (+0.66%) [Q4]

0% more funds holding

Funds holding: 298 [Q3] → 299 (+1) [Q4]

12% less capital invested

Capital invested by funds: $3.16B [Q3] → $2.78B (-$373M) [Q4]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]

44% less call options, than puts

Call options by funds: $1.47M | Put options by funds: $2.63M

Research analyst outlook

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

• Low target: $96 21% upside
• Avg. target: $104 31% upside
• High target: $110 39% upside

6 analyst ratings

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

Keybanc Eric Heath 46% 1-year accuracy 17 / 37 met price target	26% upside $100	Overweight Maintained	17 Apr 2025
Truist Securities Michael Swartz 2% 1-year accuracy 1 / 57 met price target	39% upside $110	Buy Maintained	14 Apr 2025
Baird Craig Kennison 24% 1-year accuracy 7 / 29 met price target	21% upside $96	Neutral Downgraded	4 Apr 2025
Benchmark Michael Albanese 9% 1-year accuracy 2 / 22 met price target	29% upside $102	Buy Maintained	7 Feb 2025
Raymond James Joseph Altobello 25% 1-year accuracy 3 / 12 met price target	30% upside $103	Outperform Maintained	7 Feb 2025