Patrick Industries (PATK) Expected to Release Quarterly Earnings on Thursday

Patrick Industries (NASDAQ:PATK) is expected to announce its Q2 2026 results before the market opens on Thursday, July 30th. Analysts expect the company to announce earnings of $1.23 per share and revenue of $994.9470 million for the quarter. Investors are encouraged to explore the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Thursday, July 30, 2026 at 10:00 AM ET.

Patrick Industries (NASDAQ:PATK) last released its quarterly earnings results on Thursday, April 30th. The construction company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.08 by $0.02. Patrick Industries had a return on equity of 13.24% and a net margin of 3.46%.The company had revenue of $997.17 million during the quarter, compared to analyst estimates of $989.06 million. During the same quarter last year, the business posted $1.11 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. On average, analysts expect Patrick Industries to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Patrick Industries Trading Up 3.8%

Shares of PATK stock opened at $87.88 on Wednesday. Patrick Industries has a 1 year low of $81.29 and a 1 year high of $148.50. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.71 and a quick ratio of 1.04. The stock’s 50 day simple moving average is $87.63 and its two-hundred day simple moving average is $106.41. The company has a market cap of $2.89 billion, a PE ratio of 22.53 and a beta of 1.11.

Patrick Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were issued a $0.47 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.1%. Patrick Industries’s payout ratio is 48.21%.

Insiders Place Their Bets

In related news, Director Blake Augsburger purchased 400 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were purchased at an average cost of $85.19 per share, for a total transaction of $34,076.00. Following the completion of the acquisition, the director owned 2,125 shares in the company, valued at approximately $181,028.75. This trade represents a 23.19% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director M Scott Welch purchased 10,050 shares of Patrick Industries stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average cost of $88.23 per share, for a total transaction of $886,711.50. Following the purchase, the director directly owned 156,000 shares in the company, valued at $13,763,880. This trade represents a 6.89% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 28,700 shares of company stock valued at $2,532,880. Insiders own 3.80% of the company’s stock.

Hedge Funds Weigh In On Patrick Industries

A number of hedge funds have recently added to or reduced their stakes in PATK. Wellington Management Group LLP raised its stake in shares of Patrick Industries by 19.9% during the fourth quarter. Wellington Management Group LLP now owns 2,217,107 shares of the construction company’s stock valued at $240,401,000 after acquiring an additional 367,802 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Patrick Industries by 17.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 748,904 shares of the construction company’s stock worth $81,205,000 after purchasing an additional 112,766 shares in the last quarter. Nuveen LLC increased its holdings in Patrick Industries by 6.3% during the 4th quarter. Nuveen LLC now owns 418,749 shares of the construction company’s stock worth $45,405,000 after purchasing an additional 24,795 shares during the period. Goldman Sachs Group Inc. increased its holdings in Patrick Industries by 19.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 392,150 shares of the construction company’s stock worth $42,521,000 after purchasing an additional 64,081 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Patrick Industries by 14.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 239,638 shares of the construction company’s stock valued at $22,111,000 after purchasing an additional 29,344 shares in the last quarter. 93.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PATK has been the topic of several analyst reports. KeyCorp cut their target price on Patrick Industries from $125.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Wall Street Zen downgraded Patrick Industries from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Benchmark dropped their price objective on shares of Patrick Industries from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Roth Capital set a $128.00 target price on shares of Patrick Industries in a report on Tuesday, May 5th. Finally, Weiss Ratings cut shares of Patrick Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 29th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $119.75.

Patrick Industries Company Profile

Patrick Industries, Inc is a leading manufacturer and distributor of component products and building materials for the recreational vehicle (RV), manufactured housing, marine and industrial markets. The company supplies a broad array of interior and exterior products, including cabinetry, countertops, flooring, wall panels and decorative trim. Patrick Industries also offers engineered composites, adhesives, sealants and insulation solutions that cater to both original equipment manufacturers (OEMs) and aftermarket customers across North America.

Founded in 1959 and headquartered in Elkhart, Indiana, Patrick Industries began as a small distributor of hardwood and millwork products.