Overview
Patrick Industries, Inc., based in the United States, operates prominently within the manufacturing sector, focusing primarily on building products and materials. Established in 1959 and headquartered in Elkhart, Indiana, the company specializes in components and building products for the recreational vehicle (RV), manufactured housing, marine, and certain industrial markets such as hospitality and institutional furniture. Patrick Industries has expanded its market reach and diversified its product offerings through strategic acquisitions and organic growth, aligning with industry demands and customer needs. The company’s key projects often involve innovations in RV and marine component solutions, reflecting its commitment to quality and efficiency in these niche markets, thereby underpinning its position as a vital player in the manufacturing sector.
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Basic Stats
The share price of Patrick Industries, Inc. as of September 5, 2025 is $113.56 / share. This is an increase of 1.53% from the prior week. The market cap (or net worth) of Patrick Industries, Inc. as of September 5, 2025 is $3,695.90 MM.
The Factor Analysis chart (below right) shows a view of Patrick Industries, Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 3,695.90 MM |
| EV | 4,946.47 MM |
| Shares Out. | 32.52 MM |
| Earnings Date | |
| EPS (TTM) | 3.88 |
| Dividend Yield | 1.41 % |
| Ex-Dividend Date | 2025-08-25 |
| Borrow Rate | 0.26 |
| Short Shares Avail. | 0.15 MM |
| Short Interest | 2.67 MM |
| Short Float | 8.38 % |
| Days to Cover | 13.35 days |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | -8.81 % |
| Volatility (1 yr) | 0.70 |
| Beta | 0.83 |
| Sharpe Ratio (1 yr) | -0.19 |
| Sortino Ratio (1 yr) | -0.34 |
| PE Ratio | 29.31 |
| Price/Book | 3.23 |
| Price/TBV | -8.70 |
| Book/Market | 0.31 |
| EBIT/EV | 0.03 |
| EBIT(3yr avg)/EV | 0.04 |
| ROA | 0.04 |
| ROE | 0.11 |
| ROIC | 0.05 |
| CROIC | -0.01 |
| OCROIC | 0.13 |
| Implied Volatility | 32.52 % |
| Put/Call OI Ratio | 1.38 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Patrick Industries, Inc. is $110.54. The forecasts range from a low of $95.95 to a high of $120.75. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Patrick Industries, Inc.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2022-10-28 | Baird | Outperform | Maintains | |
| 2022-10-05 | Truist Securities | Buy | Maintains | |
| 2022-10-03 | MKM Partners | Buy | Maintains | |
| 2022-09-23 | Truist Securities | Buy | Maintains | |
| 2022-08-26 | DA Davidson | Neutral | Initiate | |
| 2022-08-01 | Keybanc | Overweight | Maintains | |
| 2022-05-05 | MKM Partners | Buy | Initiate | |
| 2022-04-12 | Truist Securities | Buy | Initiate | |
| 2022-04-04 | B of A Securities | Underperform | Initiate | |
| 2021-10-26 | Keybanc | Overweight | Maintains | |
| 2021-04-30 | Baird | Outperform | Maintains | |
| 2020-08-17 | Wells Fargo | Equal-Weight | Maintains | |
| 2020-07-31 | KeyBanc | Overweight | Maintains | |
| 2020-07-31 | B of A Securities | Neutral | Buy | Upgrade |
| 2020-07-16 | B of A Securities | Underperform | Neutral | Upgrade |
| 2020-06-10 | KeyBanc | Overweight | Maintains | |
| 2020-05-21 | Sidoti & Co. | Buy | Maintains | |
| 2020-05-04 | KeyBanc | Overweight | Maintains | |
| 2020-04-14 | KeyBanc | Overweight | Maintains | |
| 2020-03-26 | Sidoti & Co. | Buy | Maintains | |
| 2020-02-14 | KeyBanc | Overweight | Maintains | |
| 2019-09-04 | Bank of America | Underperform | Maintains | |
| 2019-04-26 | Bank of America | Buy | Underperform | Downgrade |
| 2019-04-15 | KeyBanc | Overweight | Overweight | Maintains |
| 2019-02-27 | Wells Fargo | Market Perform | Market Perform | Maintains |
| 2018-10-23 | Sidoti & Co. | Buy | Buy | Maintains |
| 2018-04-10 | Wells Fargo | Market Perform | Market Perform | Maintains |
| 2018-03-15 | Bank of America | Buy | Buy | Maintains |
| 2018-01-24 | Bank of America | Buy | Buy | Maintains |
| 2017-12-15 | KeyBanc | Overweight | Initiate | |
| 2017-10-24 | Bank of America | Buy | Maintains | |
| 2017-04-21 | Baird | Outperform | Initiate | |
| 2016-08-17 | CL King | Neutral | Buy | Upgrade |
| 2016-06-16 | Sidoti & Co. | Buy | Initiate | |
| 2016-03-31 | CL King | Strong Buy | Neutral | Downgrade |
| 2015-05-19 | CL King | Buy | Initiate | |
| 2014-02-10 | Sidoti & Co. | Buy | Initiate | |
| 2013-10-28 | CJS Securities | Outperform | Initiate | |
| 2012-05-07 | Sidoti & Co. | Buy | Initiate | |
| 2023-02-10 | Truist Securities | Buy | Maintains | |
| 2023-02-10 | Baird | Outperform | Maintains | |
| 2023-05-25 | Truist Securities | Buy | Buy | Maintains |
| 2024-01-09 | Truist Securities | Buy | Buy | Maintains |
| 2023-07-28 | Baird | Outperform | Outperform | Maintains |
| 2023-07-31 | Keybanc | Overweight | Overweight | Maintains |
| 2023-10-17 | Truist Securities | Buy | Buy | Maintains |
| 2023-07-17 | Keybanc | Overweight | Overweight | Maintains |
| 2024-05-03 | BMO Capital | Outperform | Outperform | Maintains |
| 2023-09-15 | Truist Securities | Buy | Buy | Maintains |
| 2023-08-01 | DA Davidson | Neutral | Neutral | Maintains |
| 2023-07-14 | Truist Securities | Buy | Buy | Maintains |
| 2023-08-08 | B of A Securities | Underperform | Underperform | Maintains |
| 2023-12-07 | BMO Capital | Outperform | Initiate | |
| 2024-02-09 | Keybanc | Overweight | Overweight | Maintains |
| 2024-02-09 | Roth MKM | Buy | Buy | Maintains |
| 2024-01-12 | Roth MKM | Buy | Buy | Maintains |
| 2024-01-12 | Keybanc | Overweight | Overweight | Maintains |
| 2024-05-06 | Roth MKM | Buy | Buy | Reiterate |
| 2024-04-12 | Truist Securities | Buy | Buy | Maintains |
| 2024-08-02 | Truist Securities | Buy | Buy | Maintains |
| 2024-08-05 | DA Davidson | Neutral | Neutral | Maintains |
| 2025-08-01 | BMO Capital | Outperform | Outperform | Maintains |
| 2025-08-01 | Benchmark | Buy | Buy | Maintains |
| 2025-08-01 | Raymond James | Outperform | Outperform | Maintains |
| 2025-08-01 | Keybanc | Overweight | Overweight | Maintains |
| 2024-08-29 | Benchmark | Buy | Initiate | |
| 2024-09-20 | Truist Securities | Buy | Buy | Maintains |
| 2024-09-17 | Benchmark | Buy | Buy | Reiterate |
| 2025-02-07 | Keybanc | Overweight | Overweight | Maintains |
| 2025-02-07 | Raymond James | Outperform | Outperform | Maintains |
| 2025-02-07 | Benchmark | Buy | Buy | Maintains |
| 2024-11-01 | BMO Capital | Outperform | Outperform | Maintains |
| 2024-11-01 | Raymond James | Outperform | Outperform | Maintains |
| 2024-08-02 | Keybanc | Overweight | Overweight | Maintains |
| 2024-08-02 | BMO Capital | Outperform | Outperform | Maintains |
| 2024-08-02 | Baird | Outperform | Outperform | Maintains |
| 2024-10-23 | Keybanc | Overweight | Overweight | Maintains |
| 2024-10-01 | Raymond James | Outperform | Initiate | |
| 2024-11-04 | Benchmark | Buy | Buy | Reiterate |
| 2025-01-07 | Truist Securities | Buy | Buy | Maintains |
| 2025-02-10 | Truist Securities | Buy | Buy | Maintains |
| 2025-04-04 | Baird | Outperform | Neutral | Downgrade |
| 2025-04-14 | Truist Securities | Buy | Buy | Maintains |
| 2025-04-17 | Keybanc | Overweight | Overweight | Maintains |
| 2025-06-20 | Baird | Neutral | Neutral | Maintains |
| 2025-05-02 | Raymond James | Outperform | Outperform | Maintains |
| 2025-05-02 | Roth MKM | Buy | Buy | Reiterate |
| 2025-05-02 | Baird | Neutral | Neutral | Maintains |
| 2025-06-03 | Truist Securities | Buy | Buy | Maintains |
