Truist Financial Corp Grows Stake in Patrick Industries, Inc. $PATK

Truist Financial Corp boosted its stake in Patrick Industries, Inc. (NASDAQ:PATK) by 133.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,812 shares of the construction company’s stock after buying an additional 9,616 shares during the quarter. Truist Financial Corp’s holdings in Patrick Industries were worth $1,739,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Strs Ohio raised its holdings in shares of Patrick Industries by 11.1% during the third quarter. Strs Ohio now owns 1,000 shares of the construction company’s stock valued at $103,000 after acquiring an additional 100 shares during the last quarter. Bank of Montreal Can increased its position in shares of Patrick Industries by 2.1% during the second quarter. Bank of Montreal Can now owns 5,200 shares of the construction company’s stock worth $480,000 after purchasing an additional 106 shares in the last quarter. Atria Investments Inc raised its stake in Patrick Industries by 3.0% in the 2nd quarter. Atria Investments Inc now owns 3,806 shares of the construction company’s stock valued at $351,000 after purchasing an additional 112 shares during the last quarter. Inspire Investing LLC lifted its holdings in Patrick Industries by 2.9% in the 3rd quarter. Inspire Investing LLC now owns 5,367 shares of the construction company’s stock valued at $555,000 after purchasing an additional 151 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in Patrick Industries by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 29,535 shares of the construction company’s stock valued at $2,725,000 after purchasing an additional 154 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Andy L. Nemeth sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $115.00, for a total value of $2,875,000.00. Following the completion of the sale, the chief executive officer directly owned 301,641 shares of the company’s stock, valued at approximately $34,688,715. This represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PATK. Truist Financial set a $126.00 price target on shares of Patrick Industries in a research report on Friday, January 9th. Loop Capital started coverage on Patrick Industries in a report on Friday, October 31st. They set a “hold” rating and a $99.00 price target on the stock. Weiss Ratings lowered shares of Patrick Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. KeyCorp reiterated an “overweight” rating and issued a $155.00 price objective (up from $135.00) on shares of Patrick Industries in a research report on Friday. Finally, Robert W. Baird set a $140.00 target price on shares of Patrick Industries in a research note on Friday. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Patrick Industries currently has an average rating of “Moderate Buy” and an average price target of $129.88.

Key Patrick Industries News

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

• Positive Sentiment: Q4 results beat expectations — PATK posted $0.84 EPS vs. ~$0.74 consensus and revenue of $924.2M vs. ~$858.6M, with revenue up ~9% year-over-year; investors typically reward beats like this. Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results and Declares Quarterly Cash Dividend
• Positive Sentiment: Management expects 70–90 basis points of operating-margin improvement in 2026 and is expanding composite and aftermarket strategies — this guidance points to margin leverage and higher long-term profitability if execution holds. Patrick Industries outlines 70–90 bps operating margin improvement for 2026 while expanding composite and aftermarket strategies
• Positive Sentiment: Market commentary says recent stock surge has alleviated valuation doubts — momentum and positive sentiment from results/guidance are reinforcing investor confidence. Patrick Industries’ Surge Removes Doubts About Its Valuation
• Positive Sentiment: Quarterly dividend declared (next record/ex-div dates set) — a cash return and yield (~1.3% annualized) can support investor demand from income-focused holders. Patrick Industries, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results and Declares Quarterly Cash Dividend
• Neutral Sentiment: Quarterly earnings snapshot and call highlights provide color on sales strength across end markets but no major change to long-term guidance beyond margin targets. Patrick Industries: Q4 Earnings Snapshot
• Neutral Sentiment: Media earnings summaries and call highlights emphasize strong sales growth but suggest investors should watch execution on composites and aftermarket rollouts. Patrick Industries Inc (PATK) Q4 2025 Earnings Call Highlights: Strong Sales Growth Amid Market …
• Neutral Sentiment: Analyst notes (Zacks et al.) compare key metrics to Street estimates and prior-year results — consensus still expects ~5.33 EPS for the year, but that depends on margin recovery. Patrick Industries (PATK) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
• Negative Sentiment: Valuation and balance-sheet metrics are risk factors — PATK trades at a high P/E (~40x) with leverage (debt/equity ~1.13) and modest net margin (~3.1%); if margin improvement stalls, valuation could come under pressure. Patrick Industries Earnings Report & Materials

Patrick Industries Stock Up 0.2%

Shares of NASDAQ PATK opened at $140.85 on Friday. The business has a 50-day moving average of $118.40 and a two-hundred day moving average of $109.59. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 36.02, a price-to-earnings-growth ratio of 1.47 and a beta of 1.34. Patrick Industries, Inc. has a 1 year low of $72.99 and a 1 year high of $144.40. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.51 and a quick ratio of 0.86.

Patrick Industries (NASDAQ:PATK) last posted its earnings results on Thursday, February 5th. The construction company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.10. The firm had revenue of $924.17 million during the quarter, compared to analysts’ expectations of $858.62 million. Patrick Industries had a return on equity of 13.28% and a net margin of 3.42%.The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 earnings per share. On average, analysts forecast that Patrick Industries, Inc. will post 5.33 earnings per share for the current fiscal year.

Patrick Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, February 23rd will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.3%. Patrick Industries’s dividend payout ratio is 53.71%.

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.