Patrick Industries (NASDAQ:PATK) Stock Breaks Above 50-Day Moving Average – What’s Next?

Patrick Industries, Inc. (NASDAQ:PATK)’s stock price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $72.51 and traded as high as $76.49. Patrick Industries shares last traded at $75.18, with a volume of 1,632,335 shares trading hands.

Trending Headlines about Patrick Industries

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

• Positive Sentiment: Patrick reported third-quarter adjusted EPS of $1.03, above the $0.97 consensus estimate, while revenue of $975.3 million exceeded expectations near $938.5 million. Adjusted results were also slightly ahead of the $1.01 earned in the year-ago quarter. Patrick Industries Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Diversification supported the quarter: Marine revenue rose 14% to $171 million, Powersports revenue surged 30% to $128 million, and Housing revenue grew 4% to $314 million. Powersports strength was a key contributor to the earnings outperformance. Patrick Industries Q3 2026 Earnings
• Positive Sentiment: The company ended the quarter with approximately $716 million of available liquidity and returned $15 million to shareholders through regular dividends, supporting financial flexibility. Patrick Industries Reports Solid Q3 Results
• Neutral Sentiment: Shareholders are scheduled to vote November 18 on Patrick’s planned all-stock merger with LCI Industries, creating a potential strategic catalyst but also leaving investors focused on deal approval and execution. Patrick Industries Reports Third-Quarter Results
• Negative Sentiment: RV revenue declined 15% to $362 million. GAAP net income fell to $21.1 million, or $0.64 per diluted share, from $35.3 million, or $1.01, a year earlier, while operating income decreased to $49.8 million from $66.3 million. Patrick Industries Third-Quarter Financial Results

Analysts Set New Price Targets

PATK has been the subject of several recent analyst reports. Northcoast Research set a $121.00 price target on Patrick Industries and gave the stock a “buy” rating in a report on Tuesday, September 1st. BMO Capital Markets cut their price objective on shares of Patrick Industries from $120.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, October 13th. Truist Financial set a $88.00 price objective on shares of Patrick Industries and gave the company a “buy” rating in a research report on Friday, October 23rd. Raymond James Financial reiterated an “outperform” rating on shares of Patrick Industries in a research note on Thursday. Finally, KeyCorp dropped their target price on shares of Patrick Industries from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.00.

Patrick Industries Trading Up 3.3%

The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.96 and a current ratio of 2.51. The company has a 50 day simple moving average of $72.35 and a two-hundred day simple moving average of $95.93. The firm has a market cap of $2.50 billion, a PE ratio of 20.18 and a beta of 1.16.

Patrick Industries (NASDAQ:PATK) last announced its quarterly earnings data on Thursday, October 29th. The construction company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.06. Patrick Industries had a return on equity of 12.61% and a net margin of 3.38%. The firm had revenue of $975.28 million during the quarter, compared to analysts’ expectations of $938.49 million. During the same period last year, the business posted $1.01 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Analysts expect that Patrick Industries, Inc. will post 4.11 EPS for the current fiscal year.

Patrick Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, August 24th. Patrick Industries’s dividend payout ratio is 44.55%.

Institutional Trading of Patrick Industries

Several large investors have recently made changes to their positions in the business. Persistent Asset Partners Ltd acquired a new position in Patrick Industries during the second quarter valued at $25,000. Integrated Wealth Concepts LLC purchased a new stake in Patrick Industries in the second quarter valued at $34,000. State of Wyoming purchased a new stake in Patrick Industries in the second quarter valued at $52,000. Versant Capital Management Inc grew its position in Patrick Industries by 5,431.2% during the 3rd quarter. Versant Capital Management Inc now owns 885 shares of the construction company’s stock worth $60,000 after purchasing an additional 869 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Patrick Industries during the 2nd quarter worth about $74,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

About Patrick Industries

Patrick Industries, Inc is a manufacturer and distributor of component products and building materials serving the recreational vehicle, marine, manufactured housing, and industrial markets. The company supplies products used in the construction, furnishing, and finishing of recreational and residential vehicles, boats, homes, and other manufactured structures.

Its product offerings include cabinetry, furniture, countertops, flooring, interior and exterior components, electronics, audio systems, lighting, plumbing products, hardware, adhesives, and related materials.