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Patrick Industries (NASDAQ:PATK) 株価情報, 空売り情報

Patrick Industries

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.

Patrick Industries Inc

Keybanc analyst Noah Zatzkin analyzed the Leisure &amp; Performance Brands ahead of the first-quarter earnings.
The analyst remains cautious ahead of the first-quarter FY25 earnings, citing continued weakness in consumer demand across retail and leisure markets. 
Recent channel checks from February and March revealed sluggish conditions, prompting widespread estimate and price target reductions across the leisure sector. 
Also Read: <a href="https://www.benzinga.com/trading-ideas/dividends/25/04/44863342/retail-giant-costco-raises-dividend-by-12">Retail Giant Costco Raises Dividend By 12%</a>
Concerns have intensified due to recent tariff policy uncertainty, which is expected to further dampen demand, especially for big-ticket discretionary items, said the analyst.
To account for this shifting landscape, the analyst reassessed risk related to tariffs, liquidity, leverage, and covenant exposure across the sector. 
While the situation remains fluid, current policies are expected to directly affect earnings and dampen overall demand. 
Most companies issued cautious and conservative first-quarter guidance, anticipating a slow start to the year.
Expecting many firms to revise or withdraw forward guidance due to ongoing macroeconomic uncertainty and tariff concerns, Zatzkin adds.
Estimates for the following stocks were revised downward: Brunswick Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BC#NYSE">BC</a>), Acushnet Holdings Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLF#NYSE">GOLF</a>), Garmin Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>), Harley-Davidson Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>), Topgolf Callaway Brands Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MODG#NYSE">MODG</a>), OneWater Marine Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEW#NASDAQ">ONEW</a>), and Polaris Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>).
Price forecasts were also trimmed for names like Camping World Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWH#NYSE">CWH</a>), GOLF, Patrick Industries Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>), Thor Industries Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>), and Winnebago Industries Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>).
Meanwhile, Yeti Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YETI#NYSE">YETI</a>) received an upgrade from Underweight to Sector Weight despite tariff risks, as lowered estimates are now better aligned with current market conditions.
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Image: Shutterstock

Analyst Color

News

Analyst Ratings

General

GOLF

GRMN

MODG

ONEW

PATK

YETI

Retail Slowdown, Tariffs Jolt Leisure Stocks: Analyst Revises Estimates For Topgolf, Harley-Davidson And More

Keybanc analyst Eric Heath maintains Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) with a Overweight and lowers the price target from $110 to $100.

Price Target

Keybanc Maintains Overweight on Patrick Industries, Lowers Price Target to $100

Truist Securities analyst Michael Swartz maintains Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) with a Buy and lowers the price target from $120 to $110.

Truist Securities Maintains Buy on Patrick Industries, Lowers Price Target to $110

Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Patrick Industries, presenting an average target of $106.0, a high estimate of $120.00, and a low estimate of $96.00. Surpassing the previous average price target of $103.67, the current average has increased by 2.25%.
<img src="https://www.benzinga.com/files/images/story/2025/1743771657_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The analysis of recent analyst actions sheds light on the perception of Patrick Industries by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Craig Kennison</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$96.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$120.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Michael Albanese</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$102.00</td>
<td>$98.00</td>
</tr>
<tr>
<td>Joseph Altobello</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$103.00</td>
<td>$99.00</td>
</tr>
<tr>
<td>Noah Zatzkin</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$110.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$105.00</td>
<td>$110.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Patrick Industries. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Patrick Industries compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Patrick Industries's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PATK/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Patrick Industries analyst ratings.</a>
<h2>About Patrick Industries</h2>
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.
<h3>Patrick Industries's Financial Performance</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Patrick Industries's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2024, the company achieved a revenue growth rate of approximately 8.31%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Patrick Industries's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.72% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Patrick Industries's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.29% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Patrick Industries's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.47%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Patrick Industries's debt-to-equity ratio surpasses industry norms, standing at 1.35. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Analyst Ratings: Simplified</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Patrick Industries: 6 Analysts Share Their Views

Baird analyst Craig Kennison downgrades Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) from Outperform to Neutral and lowers the price target from $100 to $96.

Downgrades

Baird Downgrades Patrick Industries to Neutral, Lowers Price Target to $96

WIIM

ABNB

AENT

AGAE

BALY

CENN

CVCO

DECK

DENN

FIGS

GMBL

LIND

MBLY

MOND

NCLH

PENN

PRKS

PTON

SERV

SGHC

TDUP

UXIN

WOOF

Shares of stocks within the broader consumer discretionary sector are trading higher. The sector may be trading up amid the release of better-than-expected ADP employment data.

A significant insider buy by M. Scott Welch, Director at Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>), was executed on March 18, and reported in the recent SEC filing.
What Happened: In a recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000076605/000007660525000093//Archives/edgar/data/76605/000007660525000093/0000076605-25-000093-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday, Welch increased their investment in Patrick Industries by purchasing 2,500 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $211,562.
During Tuesday's morning session, Patrick Industries shares down by 0.24%, currently priced at $84.4.
<h3>About Patrick Industries</h3>
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.
<h3>Patrick Industries's Economic Impact: An Analysis</h3>
Positive Revenue Trend: Examining Patrick Industries's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 8.31% as of 31 December, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: With a low gross margin of 22.13%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Patrick Industries's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.45.
</li>
</ul>
Debt Management: Patrick Industries's debt-to-equity ratio stands notably higher than the industry average, reaching 1.35. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 20.58 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.77 is lower than the industry average, implying a discounted valuation for Patrick Industries's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 10.21 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
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<h3>Why Pay Attention to Insider Transactions</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000076605">Check Out The Full List Of Patrick Industries's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Director At Patrick Industries Buys $211K of Stock

M. Scott Welch, Board Member at Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>), disclosed an insider purchase on March 14, based on a new SEC filing.
What Happened: Welch's recent purchase of 10,000 shares of Patrick Industries, disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000076605/000007660525000090//Archives/edgar/data/76605/000007660525000090/0000076605-25-000090-index.htm">U.S. Securities and Exchange Commission</a> on Friday, reflects confidence in the company's potential. The total transaction value is $862,215.
At Friday morning, Patrick Industries shares are up by 1.83%, trading at $84.78.
<h3>About Patrick Industries</h3>
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.
<h3>Patrick Industries: A Financial Overview</h3>
Revenue Growth: Patrick Industries's remarkable performance in 3 months is evident. As of 31 December, 2024, the company achieved an impressive revenue growth rate of 8.31%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 22.13%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Patrick Industries's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.45.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 1.35, Patrick Industries faces challenges in effectively managing its debt levels, indicating potential financial strain.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 20.26, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 0.76 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 10.1 reflects market recognition of Patrick Industries's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000076605">Check Out The Full List Of Patrick Industries's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Bullish Move: M. Scott Welch Shows Confidence, Acquires $862K In Patrick Industries Stock

In a new SEC filing on February 28, it was revealed that Roeder, EVP and Chief Sales Officer at Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>), executed a significant exercise of company stock options.
What Happened: A notable Form 4 filing on Friday with the <a href="https://www.sec.gov/Archives/edgar/data/0000076605/000007660525000077//Archives/edgar/data/76605/000007660525000077/0000076605-25-000077-index.htm">U.S. Securities and Exchange Commission</a> revealed that Roeder, EVP and Chief Sales Officer at Patrick Industries, exercised stock options for 0 shares of PATK, resulting in a transaction value of $0.
Currently, Patrick Industries shares are trading down 0.0%, priced at $89.62 during Friday's morning. This values Roeder's 0 shares at $0.
<h3>Delving into Patrick Industries's Background</h3>
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.
<h3>Patrick Industries: A Financial Overview</h3>
Revenue Growth: Over the 3 months period, Patrick Industries showcased positive performance, achieving a revenue growth rate of 8.31% as of 31 December, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 22.13%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Patrick Industries exhibits below-average bottom-line performance with a current EPS of 0.45.
</li>
</ul>
Debt Management: Patrick Industries's debt-to-equity ratio surpasses industry norms, standing at 1.35. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 21.82, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 0.81 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 10.61 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
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<h3>Unmasking the Significance of Insider Transactions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000076605">Check Out The Full List Of Patrick Industries's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Decision Making Waves At Patrick Industries: Charles R Roeder Exercises Options, Realizing $0

A substantial insider activity was disclosed on February 28, as Nemeth, Chief Executive Officer at Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>), reported the exercise of a large sell of company stock options.
What Happened: A notable Form 4 filing on Friday with the <a href="https://www.sec.gov/Archives/edgar/data/0000076605/000007660525000081//Archives/edgar/data/76605/000007660525000081/0000076605-25-000081-index.htm">U.S. Securities and Exchange Commission</a> revealed that Nemeth, Chief Executive Officer at Patrick Industries, exercised stock options for 0 shares of PATK, resulting in a transaction value of $0.
The Friday morning market activity shows Patrick Industries shares down by 0.0%, trading at $89.62. This implies a total value of $0 for Nemeth's 0 shares.
<h3>Discovering Patrick Industries: A Closer Look</h3>
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.
<h3>A Deep Dive into Patrick Industries's Financials</h3>
Revenue Growth: Patrick Industries's remarkable performance in 3 months is evident. As of 31 December, 2024, the company achieved an impressive revenue growth rate of 8.31%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 22.13%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Patrick Industries's EPS is below the industry average. The company faced challenges with a current EPS of 0.45. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: With a high debt-to-equity ratio of 1.35, Patrick Industries faces challenges in effectively managing its debt levels, indicating potential financial strain.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 21.82 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.81 is lower than the industry average, implying a discounted valuation for Patrick Industries's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 10.61, Patrick Industries demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
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<h3>Why Insider Activity Matters in Finance</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>The Insider's Guide to Important Transaction Codes</h3>
Digging into the details of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000076605">Check Out The Full List Of Patrick Industries's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Update: Andy L Nemeth Engages In Options Exercise At Patrick Industries Realizing $0

Revealing a significant insider sell on February 12, Derrick B Mayes, Board Member at Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>), as per the latest SEC filing.
What Happened: Mayes's decision to sell 1,820 shares of Patrick Industries was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000076605/000007660525000045//Archives/edgar/data/76605/000007660525000045/0000076605-25-000045-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $169,750.
At Wednesday morning, Patrick Industries shares are down by 0.0%, trading at $93.64.
<h3>Get to Know Patrick Industries Better</h3>
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.
<h3>Patrick Industries: Delving into Financials</h3>
Revenue Growth: Patrick Industries displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 6.16%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 23.11%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Patrick Industries's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.253333.
</li>
</ul>
Debt Management: Patrick Industries's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.42, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 22.78 is lower than the industry average, implying a discounted valuation for Patrick Industries's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.85, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Patrick Industries's EV/EBITDA ratio, surpassing industry averages at 10.92, positions it with an above-average valuation in the market.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000076605">Check Out The Full List Of Patrick Industries's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Patrick Industries Board Member Sold $169K In Company Stock

Truist Securities analyst Michael Swartz maintains Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) with a Buy and raises the price target from $115 to $120.

Truist Securities Maintains Buy on Patrick Industries, Raises Price Target to $120

Benchmark analyst Michael Albanese maintains Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) with a Buy and raises the price target from $98 to $102.

Benchmark Maintains Buy on Patrick Industries, Raises Price Target to $102

Raymond James analyst Joseph Altobello maintains Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) with a Outperform and raises the price target from $99 to $103.

Raymond James Maintains Outperform on Patrick Industries, Raises Price Target to $103

Keybanc analyst Noah Zatzkin maintains Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) with a Overweight and raises the price target from $100 to $110.

Keybanc Maintains Overweight on Patrick Industries, Raises Price Target to $110

The Q4 earnings report for Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) was released on Thursday, February 6, 2025 at 08:00 AM.
Here's what investors need to know about the latest announcement.
<h3>Earnings</h3>
Patrick Industries missed estimated earnings by -2.0%, reporting an EPS of $0.52 versus an estimate of $0.53.
Revenue was up $64.94 million from the same period last year.
<h3>Performance in Previous Earnings</h3>
The company missed on EPS by $0.02 in the previous quarter, leading to a 8.0% drop share price change the next day.
Here's a look at Patrick Industries's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.22</td>
<td>1.37</td>
<td>0.88</td>
<td>0.90</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.20</td>
<td>1.44</td>
<td>1.19</td>
<td>0.99</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>933.97M</td>
<td>975.03M</td>
<td>839.69M</td>
<td>774.96M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>919.44M</td>
<td>1.02B</td>
<td>933.49M</td>
<td>781.19M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Patrick Industries <a href="https://www.benzinga.com/quote/PATK/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Earnings Summary: Patrick Industries Q4

Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.51 by 1.96 percent. The company reported quarterly sales of $846.12 million which beat the analyst consensus estimate of $815.59 million by 3.74 percent. This is a 8.31 percent increase over sales of $781.19 million the same period last year.

Earnings Beats

Patrick Industries Q4 2024 Adj EPS $0.52 Beats $0.51 Estimate, Sales $846.12M Beat $815.59M Estimate

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Earnings Scheduled For February 6, 2025

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Shares of companies within the broader consumer discretionary sector are trading higher following softer-than-expected December inflation data.

Truist Securities analyst Michael Swartz maintains Patrick Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) with a Buy and lowers the price target from $110 to $105.

Truist Securities Maintains Buy on Patrick Industries, Lowers Price Target to $105

Press Releases

Patrick Industries to Participate in Upcoming CJS Conference

Patrick Industries, Inc. Announces Fourth Quarter 2024 Earnings Release and Conference Call Webcast on February 6, 2025

Introducing the New Harley-Davidson® Audio Powered by Rockford Fosgate® Stage III Audio Systems

Patrick Industries, Inc. Completes Acquisition of Elkhart Composites, Inc.

Introducing the new M2 Element Ready™ Subwoofers from Rockford Fosgate

Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results and Declares Quarterly Cash Dividend

Patrick Industries, Inc. Completes Acquisition of Medallion Instrumentation Systems, LLC

Rockford Fosgate Introduces the Ultimate Rear Subwoofer Kit for Polaris RZR vehicles

Patrick Industries, Inc. to Participate in Upcoming Investor Conferences

Patrick Industries, Inc. Announces First Quarter 2025 Earnings Release and Conference Call Webcast on May 1, 2025

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