Patrick Industries stock faces merger hurdle near yearly low
Published on 10/05/2026 at 18:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Patrick Industries stock (ISIN US7033431039) was trading at USD 66.86 on Nasdaq at 12:31 p.m. ET on October 5, 2026, only 1.8 percent above its USD 65.67 52-week low. The central company issue is the proposed combination with LCI Industries, whose antitrust filing process entered a new waiting period in September.
Merger filing resets regulatory clock
Patrick Industries and LCI Industries withdrew their Hart-Scott-Rodino notification on September 4 and refiled it on September 9, starting a new waiting period under U.S. antitrust rules. The transaction still requires the waiting period to expire or terminate, alongside other closing conditions, according to Patrick Industries in its September 10, 2026 Form 8-K.
The proposed transaction links the manufacturer of recreational vehicle, marine, powersports and housing components with LCI. That mix makes regulatory timing an important company-specific variable because the merger is designed to combine businesses serving overlapping outdoor and manufactured-housing markets.
Q2 revenue held near prior year
Patrick Industries reported USD 1.04 billion of Q2 2026 revenue, down 0.6 percent from the same quarter a year earlier, while adjusted EPS fell to USD 1.29 from USD 1.50. Revenue exceeded the USD 994.95 million estimate, but the earnings figure trailed the USD 1.38 consensus, according to Investing.com on October 5, 2026.
The operating picture is uneven. Recreational vehicle wholesale shipments declined 16 percent in Q2 2026, while marine, powersports and housing activity supported revenue, according to the same reported results. Patrick's latest quarterly operating profit was USD 77.035 million, equal to a 7.0 percent operating margin, for the period ended June 28, 2026.
Analysts see a wide valuation gap
MarketBeat reports a Moderate Buy consensus from 10 brokerages, comprising seven Buy ratings, two Holds and one Sell. The average 12-month target is USD 114.00, which places the target 70.5 percent above the USD 66.86 Nasdaq price, according to MarketBeat on September 27, 2026.
The dispersion in individual views remains material. Benchmark maintained a Buy rating while reducing its target from USD 135.00 to USD 115.00 on August 11, and Baird maintained Hold with a USD 84.00 target on October 2, according to Investing.com.
Patrick Industries stock stays near yearly low
Patrick Industries stock was last at USD 66.86 on Nasdaq on October 5, 2026, with a 52-week range of USD 65.67 to USD 148.50, a market capitalization of USD 2.2 billion and volume of 124,117 shares. The next scheduled earnings date is October 22, 2026.
Patrick Industries stock facts
- Company: Patrick Industries, Inc.
- ISIN: US7033431039
- Ticker: PATK
- Trading venue: NASDAQ
- Price as of October 5, 2026, 12:31 p.m. ET: USD 66.86
- Market capitalization: USD 2.2 billion (as of October 5, 2026)
- 52-week range: USD 65.67-148.50 (as of October 5, 2026)
- Sector / Industry: Consumer Cyclicals / Homebuilding and Construction Supplies
Upcoming dates for Patrick Industries stock
- October 22, 2026: Q3 2026 earnings release
