Raymond James initiated coverage on Patrick Industries with a new price target
$PATK
Auto Parts:O.E.M.
Consumer Discretionary
Raymond James initiated coverage of Patrick Industries with a rating of Outperform and set a new price target of $160.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/4/2025 | $96.00 | Outperform → Neutral | Robert W. Baird |
| 10/1/2024 | $160.00 | Outperform | Raymond James |
| 8/29/2024 | $145.00 | Buy | The Benchmark Company |
| 12/7/2023 | $105.00 | Outperform | BMO Capital Markets |
| 4/19/2023 | $80.00 | Overweight | KeyBanc Capital Markets |
| 8/26/2022 | $65.00 | Neutral | DA Davidson |
| 5/5/2022 | $93.00 | Buy | MKM Partners |
| 4/12/2022 | $75.00 | Buy | Truist |
8-K - PATRICK INDUSTRIES INC (0000076605) (Filer)
144 - PATRICK INDUSTRIES INC (0000076605) (Subject)
10-Q - PATRICK INDUSTRIES INC (0000076605) (Filer)
Robert W. Baird downgraded Patrick Industries from Outperform to Neutral and set a new price target of $96.00
Raymond James initiated coverage of Patrick Industries with a rating of Outperform and set a new price target of $160.00
The Benchmark Company initiated coverage of Patrick Industries with a rating of Buy and set a new price target of $145.00
4 - PATRICK INDUSTRIES INC (0000076605) (Issuer)
4 - PATRICK INDUSTRIES INC (0000076605) (Issuer)
4 - PATRICK INDUSTRIES INC (0000076605) (Issuer)
TEMPE, Ariz., July 18, 2025 /PRNewswire/ -- Rockford Fosgate (www.rockfordfosgate.com), the industry leader in high-performance audio systems, is thrilled to announce the appointment of Josh Berry as Regional Sales Manager, OEM Marine. In this role, Josh will collaborate with Rockford Fosgate's OEM Marine team to drive growth and strengthen partnerships within the marine audio sector. With 23 years of experience in 12-volt marine audio, Josh brings a wealth of expertise and a proven track record of fostering robust relationships with marine OEMs. "I'm excited to join Rockford
ELKHART, Ind., Feb. 24, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") announced today that it has completed the acquisition of Spring Lake, Michigan-based Medallion Instrumentation Systems, LLC ("Medallion"), a premier provider of customized instrumentation and vehicle electronics for marine, RV, powersports, on-highway and military markets. Medallion's engineering team provides complete systems solutions that cater to customer needs, including digital switching, lighting controls, integrated audio, sensor products, wire harnessing, gauges and LCD touchscreen displays. Medallion's 2024 revenue was approximately $38 million.
ROCKFORD FOSGATE® PASSES THE TORCH, PAVING THE WAY FOR CONTINUED STRENGTH AND INNOVATION FOR THE NEXT FUTURE. TEMPE, Ariz., Aug. 19, 2024 /PRNewswire/ -- Rockford Fosgate, the industry leader in high-performance audio systems, is thrilled to announce two significant leadership changes within the company. Bill Jackson, who has served as President and CEO for the past 18 years, will transition to the role of Sr. Operations Business Advisor to Patrick Industries. Succeeding him, Zach Luke, a seasoned leader with over 20 years of dedicated service at Rockford Fosgate, will step into the role of President.
SC 13G/A - PATRICK INDUSTRIES INC (0000076605) (Subject)
SC 13G/A - PATRICK INDUSTRIES INC (0000076605) (Subject)
SC 13G - PATRICK INDUSTRIES INC (0000076605) (Subject)
ELKHART, Ind., Aug. 15, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that on August 14, 2025, its Board of Directors (the "Board") declared a quarterly cash dividend on its common stock of $0.40 per share. The dividend is payable on September 8, 2025 to shareholders of record at the close of business on August 25, 2025. About Patrick Industries, Inc. Patrick (NASDAQ:PATK) is a leading component solutions provider serving the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers a
Second Quarter 2025 Highlights (compared to Second Quarter 2024 unless otherwise noted) Net sales increased 3% to $1.05 billion, driven by 7% growth in the Company's RV business and 3% growth in its Housing business, which more than offset reductions of 1% and 7% in the Company's Marine and Powersports businesses, respectively.Operating income increased 2% to $87 million, while operating margin was 8.3%, or flat versus the prior year.Net income was $32 million and diluted earnings per share (EPS) was $0.96.Excluding one-time expenses related to a legal settlement1, adjusted net income2 was $51 million and adjusted diluted EPS2 was $1.50 compared to $1.44 in the prior year period.Reported and
ELKHART, Ind, July 17, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that it will release its second quarter and six months 2025 financial results before the market opens on Thursday, July 31, 2025. Patrick Industries will host a conference call on Thursday, July 31, 2025 at 10:00 a.m. Eastern Time to discuss results and other business matters. Participation in the question-and-answer session of the call will be limited to institutional investors and analysts. The dial-in number for the live conference call is (877) 40
ELKHART, Ind., Aug. 15, 2025 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ:PATK) ("Patrick" or the "Company") today announced that on August 14, 2025, its Board of Directors (the "Board") declared a quarterly cash dividend on its common stock of $0.40 per share. The dividend is payable on September 8, 2025 to shareholders of record at the close of business on August 25, 2025. About Patrick Industries, Inc. Patrick (NASDAQ:PATK) is a leading component solutions provider serving the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers a
Second Quarter 2025 Highlights (compared to Second Quarter 2024 unless otherwise noted) Net sales increased 3% to $1.05 billion, driven by 7% growth in the Company's RV business and 3% growth in its Housing business, which more than offset reductions of 1% and 7% in the Company's Marine and Powersports businesses, respectively.Operating income increased 2% to $87 million, while operating margin was 8.3%, or flat versus the prior year.Net income was $32 million and diluted earnings per share (EPS) was $0.96.Excluding one-time expenses related to a legal settlement1, adjusted net income2 was $51 million and adjusted diluted EPS2 was $1.50 compared to $1.44 in the prior year period.Reported and
TEMPE, Ariz., July 25, 2025 /PRNewswire/ -- Rockford Fosgate (www.rockfordfosgate.com), the leader in high-performance audio systems, is now shipping the next generation of TMS direct replacement motorcycle speakers. Available in 6.5-inch (TMS24-65 for 2024+ Models), (TMS14-65 for 2014-2023 Models) and 6x9-inch (TMS24-69 for 1998+ in our existing Rockford Fosgate saddlebag kits), these speakers are engineered to deliver the ultimate riding experience with a perfectly balanced sound profile, featuring enhanced mids, deep, powerful bass, and crystal-clear highs. Built from premi
4 - PATRICK INDUSTRIES INC (0000076605) (Issuer)
4 - PATRICK INDUSTRIES INC (0000076605) (Issuer)
4 - PATRICK INDUSTRIES INC (0000076605) (Issuer)