Patrick Industries stock sits 31.96 percent below BMO's USD 100.00 target
Published on 10/17/2026 at 22:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSScheduled reporting date
- BMO Capital set a USD 100.00 target for Patrick Industries on October 13, 2026.
- Patrick Industries plans to publish third-quarter 2026 results on October 29, 2026.
- Patrick Industries stock closed at USD 68.04 on Nasdaq on October 16, 2026, down 0.13 percent versus the prior close of USD 68.13.
- Patrick Industries had a market capitalization of USD 2.2 billion and a price-to-earnings ratio of 16.16.
On October 13, 2026, BMO Capital's USD 100.00 target stood 46.97 percent above Patrick Industries stock's USD 68.04 Nasdaq close, according to MarketBeat. Patrick Industries stock closed at USD 68.04 on Nasdaq on October 16, 2026, down 0.13 percent from USD 68.13.
October 29 results set next marker
Patrick Industries will publish its third-quarter and nine-month 2026 results before the market opens on October 29, 2026, according to Stockwatch. The company scheduled its conference call for 10:00 a.m. Eastern Time on the same date.
Stock remains near yearly low
The October 16 close was USD 5.04, or 8.00 percent, above the USD 63.00 52-week low and USD 80.46, or 54.18 percent, below the USD 148.50 high. Trading volume reached 724,307 shares against an average of 550,960, a 31.46 percent premium.
The latest reported quarter ended June 28, 2026. Revenue was USD 1.04 billion versus USD 1.05 billion a year earlier, while net profit rose to USD 43.42 million from USD 32.44 million, according to Markets Insider.
Valuation adds a market frame
Patrick Industries carried a market capitalization of USD 2.2 billion and a price-to-earnings ratio of 16.16. The valuation will be tested against the October 29 report, when investors receive the next period update.
Comparison with peers
Patrick Industries: minus 0.13 percent, price-to-earnings ratio 16.16, market capitalization USD 2.2 billion.
Installed Building Products (NYSE, USD): minus 1.15 percent, price-to-earnings ratio 20.00, market capitalization USD 4.9 billion.
Winnebago Industries (NYSE, USD): minus 2.68 percent, price-to-earnings ratio 17.65, market capitalization USD 678.5 million.
The next stock catalyst
The October 29 results will provide the next dated operating checkpoint for Patrick Industries after a quarter with lower revenue and higher net profit. The stock's 52-week position leaves the earnings release as the next concrete test for the valuation.
Patrick Industries stock details
- Company: Patrick Industries, Inc.
- ISIN: US7033431039
- Ticker: PATK
- Primary exchange: Nasdaq
- Price Nasdaq (closing price as of October 16, 2026): USD 68.04
- Daily change on Nasdaq: minus 0.13 percent versus USD 68.13
- Market capitalization: USD 2.2 billion (as of October 16, 2026)
- 52-week range: USD 63.00-148.50 (as of October 16, 2026)
- Sector / Industry: Consumer Discretionary / Furnishings, Fixtures & Appliances
Market context: Market report Nasdaq Composite.
