Acquisition Completed: Patrick Industries has finalized the acquisitions of Quality Engineered Services and Egis Group, with a combined annual revenue of approximately $39 million, significantly enhancing the company's competitive position in the marine and RV markets.
Market Expansion: QES focuses on manufacturing electrical systems for the marine and RV industries, while Egis provides engineered electrical components, and their integration will enhance Patrick's capability to deliver innovative solutions for OEMs and the aftermarket in the outdoor enthusiast space.
Strategic Integration: This acquisition allows Patrick to leverage QES's strategic location near major pontoon and RV OEMs, while also expanding its engineering talent and capabilities, driving innovation in electrical components and system-level integration.
Brand Continuity: QES and Egis will continue to operate under their existing brand names, ensuring continuity in customer service, while Patrick aims to enhance overall service levels through resource integration, thereby increasing customer satisfaction.
PATK
$110.96+Infinity%1D
Analyst Views on PATK
Wall Street analysts forecast PATK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PATK is 111.00 USD with a low forecast of 99.00 USD and a high forecast of 115.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
Wall Street analysts forecast PATK stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PATK is 111.00 USD with a low forecast of 99.00 USD and a high forecast of 115.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 111.640
Low
99.00
Averages
111.00
High
115.00
Current: 111.640
Low
99.00
Averages
111.00
High
115.00
KeyBanc
Overweight
maintain
$115 -> $120
2025-12-10
Reason
KeyBanc
Price Target
$115 -> $120
2025-12-10
maintain
Overweight
Reason
KeyBanc raised the firm's price target on Patrick Industries to $120 from $115 and keeps an Overweight rating on the shares. The firm recently hosted meetings with Patrick's management and came away incrementally positive on the company's long-term opportunity and ability to both ramp production and meaningfully leverage expenses once improvements in end-market dynamics take hold. KeyBanc maintains that the setup for leisure vehicles remains challenging, but favors Patrick given its diversified exposure and consistent track record of organic plus M&A growth and margin execution.
KeyBanc
Overweight
maintain
$110 -> $115
2025-10-31
Reason
KeyBanc
Price Target
$110 -> $115
2025-10-31
maintain
Overweight
Reason
KeyBanc raised the firm's price target on Patrick Industries to $115 from $110 on slightly higher estimates, while keeping an Overweight rating on the shares. The firm notes the company delivered a solid top- and bottom-line beat, tweaking its FY25 outlook and introducing an initial outlook for FY26.
Roth Capital
Scott Stember
Buy
maintain
$108 -> $115
2025-10-31
Reason
Roth Capital
Scott Stember
Price Target
$108 -> $115
2025-10-31
maintain
Buy
Reason
Roth Capital analyst Scott Stember raised the firm's price target on Patrick Industries to $115 from $108 and keeps a Buy rating on the shares. The company posted solid and growing results with content per unit growing in all categories, the analyst tells investors in a research note. Despite still unsettled end-markets, Patrick is positioned to grow, aided by ongoing streamlining efforts, the firm added.
Loop Capital
Hold
initiated
$99
2025-10-30
Reason
Loop Capital
Price Target
$99
2025-10-30
initiated
Hold
Reason
Loop Capital initiated coverage of Patrick Industries with a Hold rating and $99 price target as part of a broader research note on RV sector. The North American RV industry is in the late innings of a prolonged inventory restocking period, though retail demand remains challenged with demand skewed towards more affordable, entry-level products, the analyst tells investors in a research note. Loop adds that the company's long-term story is attractive with strong market share positions in key industry verticals, but shares are up over 30% over the past six months amid an uncertain macro backdrop, and the firm struggles to find near-term upside catalysts that would drive significant share appreciation in the near-term.
About PATK
Patrick Industries, Inc. is a component solutions provider for the recreational vehicle (RV), marine, powersports, manufactured housing (MH) and various industrial markets. Its Manufacturing segment 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, tower speakers, soundbars, and subwoofers; and other products. Its Distribution segment includes the distribution of pre-finished wall and ceiling panels; drywall and drywall finishing products; electronics and audio systems components; appliances; marine accessories and components; and other products. It also operates RecPro, which is an e-commerce business and aftermarket platform specializing in creating and marketing component products, systems, and solutions for the RV and marine end markets.
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.
