Baird keeps Hold rating on Patrick Industries stock at USD 84 target

Published on 10/05/2026 at 13:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 0.60 percent to USD 1.04 billion in the second quarter. Patrick Industries stock costs EUR 59.75 on October 5, 2026 after EUR 59.75.

PATK, US7033431039, Illustration mit AI erstellt.

Patrick Industries (ISIN US7033431039) was trading at EUR 59.75 at Lang & Schwarz on October 5, 2026 at 1:36 p.m. CEST, unchanged versus the prior close of EUR 59.75. According to Markets Insider on October 2, 2026, Robert W. Baird analyst Craig Kennison maintained a Hold rating and set a USD 84.00 price target.

Baird sets a USD 84.00 target

The analyst action gives the stock a clearly dated valuation reference, but it does not erase the operating pressure visible in Patrick Industries' latest quarter. The Baird target was published after the company had reported revenue of USD 1.04 billion and net profit of USD 43.42 million for the quarter ending June 28, 2026, according to Markets Insider.

The same report put the prior-year revenue at USD 1.05 billion and prior-year net profit at USD 32.44 million. That combination means the top line contracted while profit increased, a useful distinction for investors assessing the business beyond the share-price chart.

Second-quarter revenue reaches USD 1.04 billion

MarketBeat reported that Patrick Industries posted adjusted earnings per share of USD 1.29 in the second quarter, above the USD 1.24 consensus estimate by USD 0.05. Revenue of USD 1.04 billion also exceeded the cited USD 994.95 million consensus estimate, although revenue fell 0.60 percent from the prior-year quarter.

That mixed result helps explain why the stock remains sensitive to shipment and margin expectations. MarketBeat reported a new 52-week low of USD 66.90 on October 1, 2026, while its analyst roundup cited seven Buy ratings, two Holds and one Sell rating alongside a USD 114.00 average target.

Euro quote stays flat before results

Investing.com lists NASDAQ as the primary exchange, confirms the PATK ticker and identifies the security as US7033431039. The same page lists October 22, 2026 as the next earnings date, giving the market a defined upcoming reporting point.

Patrick Industries serves recreational vehicle, marine, powersports, manufactured housing and industrial customers through manufacturing and distribution activities. Its market capitalization was USD 2.2 billion as of October 2, 2026, while the latest quarter generated USD 82.92 million in operating cash flow.

Stock holds at EUR 59.75

Patrick Industries stock was trading intraday at EUR 59.75 at Lang & Schwarz on October 5, 2026 at 1:36 p.m. CEST, flat versus the Lang & Schwarz prior close of EUR 59.75 on October 2, 2026. The reference quote is neutral, leaving the October 2 Baird target and the October 22 earnings date as the clearest dated markers.