Anchor Capital Fully Exits Patrick Industries Position
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 16 2026
0mins
Source: Fool
- Complete Liquidation: Anchor Capital fully exited its position in Patrick Industries by selling 116,967 shares in Q1, with an estimated transaction value of $14.46 million, reflecting a significant loss of confidence as the stock's allocation in the fund dropped from 11.3% to zero.
- Market Value Decline: The position's value decreased by $12.68 million due to trading activity and market fluctuations, indicating a weakening market sentiment towards the company, which could impact investor confidence.
- Financial Performance: Patrick Industries reported a slight revenue decline to $997 million in Q1, although marine and powersports revenues increased by 14% and 28% respectively, the overall demand weakness still pressured performance.
- Shareholder Returns: The company repurchased approximately $15 million of stock during the quarter and another $15 million in April, demonstrating management's commitment to shareholder returns despite facing macroeconomic pressures.
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Analyst Views on PATK
Wall Street analysts forecast PATK stock price to rise
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 92.320
Low
99.00
Averages
115.00
High
126.00
Current: 92.320
Low
99.00
Averages
115.00
High
126.00
About PATK
Patrick Industries, Inc. is a component solutions provider serving the recreational vehicle (RV), marine, powersports and housing markets. Its segments include Manufacturing and Distribution. The Manufacturing includes laminated products that are utilized to produce furniture, shelving, walls, countertops and cabinet products; cabinet doors; fiberglass bath fixtures and tile systems; hardwood furniture; vinyl printing; RV and marine furniture; audio systems and accessories, including amplifiers, soundbars, and subwoofers; decorative vinyl and paper laminated panels; solid surface, granite, and quartz countertop fabrication; RV painting; softwoods lumber; custom cabinetry; polymer-based and other flooring, and electrical systems. The Distribution segment distributes pre-finished wall and ceiling panels; drywall and drywall finishing products; electronics and audio systems components; appliances; marine accessories and components; wiring, electrical, and plumbing products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Patrick Industries to Participate in Global Conference
- Conference Participation: Patrick Industries will participate in the Baird 2026 Global Consumer, Technology & Services Conference in New York from June 2-4, 2026, where the management team will engage in a fireside chat and hold one-on-one meetings with institutional investors and analysts, aiming to enhance investor interaction and transparency.
- Market Positioning: As a leading component solutions provider for the Outdoor Enthusiast and Housing markets, Patrick has been serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports, and Housing sectors since 1959, showcasing its strong influence in the industry.
- Brand Strength: The company is home to over 85 leading brands, committed to quality, customer service, and innovation, creating a comprehensive solutions model that further solidifies its position as a trusted partner in the market.
- Employee Scale: Patrick Industries employs more than 10,000 skilled team members across the United States, reflecting its scale and capability in the industry, which supports its ongoing market competitiveness and business growth.
See More
Anchor Capital Fully Exits Patrick Industries Position
- Complete Liquidation: Anchor Capital fully exited its position in Patrick Industries by selling 116,967 shares in Q1, with an estimated transaction value of $14.46 million, reflecting a significant loss of confidence as the stock's allocation in the fund dropped from 11.3% to zero.
- Market Value Decline: The position's value decreased by $12.68 million due to trading activity and market fluctuations, indicating a weakening market sentiment towards the company, which could impact investor confidence.
- Financial Performance: Patrick Industries reported a slight revenue decline to $997 million in Q1, although marine and powersports revenues increased by 14% and 28% respectively, the overall demand weakness still pressured performance.
- Shareholder Returns: The company repurchased approximately $15 million of stock during the quarter and another $15 million in April, demonstrating management's commitment to shareholder returns despite facing macroeconomic pressures.
See More
Patrick Industries Declares Quarterly Dividend of $0.47 per Share
- Quarterly Dividend Announcement: Patrick Industries declares a quarterly dividend of $0.47 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is likely to attract more investor interest.
- Yield Information: The forward yield of 2.0% reflects the company's appeal in the current market environment, helping to enhance shareholder returns and bolster market confidence.
- Payment Schedule: The dividend will be payable on June 8, with a record date of May 26 and an ex-dividend date also on May 26, ensuring shareholders receive their earnings promptly and further solidifying shareholder relations.
- Future Cash Flow Outlook: Patrick projects operating cash flow for 2026 to be between $370 million and $390 million, demonstrating strong financial performance while evaluating merger talks with LCI, indicating strategic growth potential.
See More
Patrick Industries Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Patrick Industries announced a cash dividend of $0.47 per share on May 14, 2026, payable on June 8, 2026, to shareholders of record as of May 26, 2026, demonstrating the company's ongoing commitment to shareholder returns.
- Shareholder Return Strategy: This dividend reflects the company's robust financial health and profitability, aimed at enhancing investor confidence and attracting more long-term investors, thereby supporting sustained growth and market competitiveness.
- Company Background: Founded in 1959, Patrick Industries has become a leading component solutions provider in the RV, marine, powersports, and housing markets, boasting over 85 brands committed to quality, customer service, and innovation.
- Employee Scale and Market Positioning: Headquartered in Elkhart, Indiana, the company employs over 10,000 skilled team members, establishing Patrick as a trusted partner in the industry through its comprehensive solutions model.
See More
Patrick Industries Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Patrick Industries announced a cash dividend of $0.47 per share on May 14, 2026, payable on June 8, 2026, demonstrating the company's ongoing profitability and commitment to shareholder returns.
- Record Date for Shareholders: The record date for this dividend is set for May 26, 2026, ensuring that shareholders holding stock before this date will receive the dividend, reflecting the company's focus on shareholder rights.
- Company Background: Established in 1959, Patrick Industries has become a leading component solutions provider in the RV, marine, powersports, and housing markets, with over 85 brands committed to quality and customer service, enhancing its competitive position in the market.
- Employee Scale: Headquartered in Elkhart, Indiana, the company employs over 10,000 skilled team members, indicating its significant presence in the industry and investment in human resources to support business growth and innovation capabilities.
See More
Patrick Industries to Attend Upcoming Investor Conferences
- Investor Meeting Schedule: Patrick Industries will participate in two upcoming one-on-one meetings with investors and analysts in May, aimed at enhancing communication and trust with investors, thereby increasing market attention towards the company.
- Company Background: As a leading component solutions provider for the outdoor enthusiast and housing markets, Patrick has been committed to delivering high-quality products to manufacturers and outdoor enthusiasts since 1959, boasting over 85 well-known brands that showcase its strong market competitiveness.
- Employee Scale and Distribution: Patrick employs more than 10,000 skilled team members across the United States, reflecting the company's strength and influence in the industry while providing the necessary human resources for ongoing innovation and customer service.
- Forward-Looking Statements: The company's press release includes forward-looking projections regarding future performance, emphasizing confidence in future developments while cautioning investors about potential risks to ensure reasonable expectations regarding the company's future performance.
See More
Patrick Industries to Participate in Global Conference
- Conference Participation: Patrick Industries will participate in the Baird 2026 Global Consumer, Technology & Services Conference in New York from June 2-4, 2026, where the management team will engage in a fireside chat and hold one-on-one meetings with institutional investors and analysts, aiming to enhance investor interaction and transparency.
- Market Positioning: As a leading component solutions provider for the Outdoor Enthusiast and Housing markets, Patrick has been serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports, and Housing sectors since 1959, showcasing its strong influence in the industry.
- Brand Strength: The company is home to over 85 leading brands, committed to quality, customer service, and innovation, creating a comprehensive solutions model that further solidifies its position as a trusted partner in the market.
- Employee Scale: Patrick Industries employs more than 10,000 skilled team members across the United States, reflecting its scale and capability in the industry, which supports its ongoing market competitiveness and business growth.
See More
Anchor Capital Fully Exits Patrick Industries Position
- Complete Liquidation: Anchor Capital fully exited its position in Patrick Industries by selling 116,967 shares in Q1, with an estimated transaction value of $14.46 million, reflecting a significant loss of confidence as the stock's allocation in the fund dropped from 11.3% to zero.
- Market Value Decline: The position's value decreased by $12.68 million due to trading activity and market fluctuations, indicating a weakening market sentiment towards the company, which could impact investor confidence.
- Financial Performance: Patrick Industries reported a slight revenue decline to $997 million in Q1, although marine and powersports revenues increased by 14% and 28% respectively, the overall demand weakness still pressured performance.
- Shareholder Returns: The company repurchased approximately $15 million of stock during the quarter and another $15 million in April, demonstrating management's commitment to shareholder returns despite facing macroeconomic pressures.
See More
Patrick Industries Declares Quarterly Dividend of $0.47 per Share
- Quarterly Dividend Announcement: Patrick Industries declares a quarterly dividend of $0.47 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is likely to attract more investor interest.
- Yield Information: The forward yield of 2.0% reflects the company's appeal in the current market environment, helping to enhance shareholder returns and bolster market confidence.
- Payment Schedule: The dividend will be payable on June 8, with a record date of May 26 and an ex-dividend date also on May 26, ensuring shareholders receive their earnings promptly and further solidifying shareholder relations.
- Future Cash Flow Outlook: Patrick projects operating cash flow for 2026 to be between $370 million and $390 million, demonstrating strong financial performance while evaluating merger talks with LCI, indicating strategic growth potential.
See More
Patrick Industries Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Patrick Industries announced a cash dividend of $0.47 per share on May 14, 2026, payable on June 8, 2026, to shareholders of record as of May 26, 2026, demonstrating the company's ongoing commitment to shareholder returns.
- Shareholder Return Strategy: This dividend reflects the company's robust financial health and profitability, aimed at enhancing investor confidence and attracting more long-term investors, thereby supporting sustained growth and market competitiveness.
- Company Background: Founded in 1959, Patrick Industries has become a leading component solutions provider in the RV, marine, powersports, and housing markets, boasting over 85 brands committed to quality, customer service, and innovation.
- Employee Scale and Market Positioning: Headquartered in Elkhart, Indiana, the company employs over 10,000 skilled team members, establishing Patrick as a trusted partner in the industry through its comprehensive solutions model.
See More
Patrick Industries Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Patrick Industries announced a cash dividend of $0.47 per share on May 14, 2026, payable on June 8, 2026, demonstrating the company's ongoing profitability and commitment to shareholder returns.
- Record Date for Shareholders: The record date for this dividend is set for May 26, 2026, ensuring that shareholders holding stock before this date will receive the dividend, reflecting the company's focus on shareholder rights.
- Company Background: Established in 1959, Patrick Industries has become a leading component solutions provider in the RV, marine, powersports, and housing markets, with over 85 brands committed to quality and customer service, enhancing its competitive position in the market.
- Employee Scale: Headquartered in Elkhart, Indiana, the company employs over 10,000 skilled team members, indicating its significant presence in the industry and investment in human resources to support business growth and innovation capabilities.
See More
Patrick Industries to Attend Upcoming Investor Conferences
- Investor Meeting Schedule: Patrick Industries will participate in two upcoming one-on-one meetings with investors and analysts in May, aimed at enhancing communication and trust with investors, thereby increasing market attention towards the company.
- Company Background: As a leading component solutions provider for the outdoor enthusiast and housing markets, Patrick has been committed to delivering high-quality products to manufacturers and outdoor enthusiasts since 1959, boasting over 85 well-known brands that showcase its strong market competitiveness.
- Employee Scale and Distribution: Patrick employs more than 10,000 skilled team members across the United States, reflecting the company's strength and influence in the industry while providing the necessary human resources for ongoing innovation and customer service.
- Forward-Looking Statements: The company's press release includes forward-looking projections regarding future performance, emphasizing confidence in future developments while cautioning investors about potential risks to ensure reasonable expectations regarding the company's future performance.
See More
