Patrick Industries (PATK)

• Market cap: $3.03B
• 1 day: -3.03%
• 5 days: -5.26%
• 1 month: -5.14%
• 3 months: 52.25%
• 6 months: 56.73%
• Year to date: 9.80%
• 1 year: 80.98%
• 5 years: 229.00%
• 10 years: 686.91%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

1,084% more repeat investments, than reductions

Existing positions increased: 225 | Existing positions reduced: 19

12% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 41

0.1% less ownership

Funds ownership: 99.6% [Q3] → 99.5% (-0.1%) [Q4]

2% less funds holding

Funds holding: 298 [Q3] → 293 (-5) [Q4]

12% less capital invested

Capital invested by funds: $3.18B [Q3] → $2.78B (-$396M) [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

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

• Low target: $102 13% upside
• Avg. target: $109 21% upside
• High target: $120 33% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

Truist Securities Michael Swartz 36% 1-year accuracy 17 / 47 met price target	33% upside $120	Buy Maintained	10 Feb 2025
Benchmark Michael Albanese 22% 1-year accuracy 5 / 23 met price target	13% upside $102	Buy Maintained	7 Feb 2025
Raymond James Joseph Altobello 45% 1-year accuracy 5 / 11 met price target	14% upside $103	Outperform Maintained	7 Feb 2025
Keybanc Noah Zatzkin 36% 1-year accuracy 5 / 14 met price target	22% upside $110	Overweight Maintained	7 Feb 2025