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Upturn AI SWOT - About
PATK 
Patrick Industries Inc (PATK)
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Upturn Advisory Summary
08/29/2025: PATK (3-star) is a STRONG-BUY. BUY since 75 days. Profits (30.19%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
9 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $108
1 Year Target Price $108
| 3 | Strong Buy |
| 4 | Buy |
| 1 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 90.92% | Avg. Invested days 67 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 08/29/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.74B USD | Price to earnings Ratio 30.39 | 1Y Target Price 108 |
Price to earnings Ratio 30.39 | 1Y Target Price 108 | ||
Volume (30-day avg) 9 | Beta 1.21 | 52 Weeks Range 72.41 - 116.38 | Updated Date 08/30/2025 |
52 Weeks Range 72.41 - 116.38 | Updated Date 08/30/2025 | ||
Dividends yield (FY) 1.39% | Basic EPS (TTM) 3.68 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 3.3% | Operating Margin (TTM) 8.28% |
Management Effectiveness
Return on Assets (TTM) 5.47% | Return on Equity (TTM) 11.25% |
Valuation
Trailing PE 30.39 | Forward PE 29.59 | Enterprise Value 5167665910 | Price to Sales(TTM) 0.98 |
Enterprise Value 5167665910 | Price to Sales(TTM) 0.98 | ||
Enterprise Value to Revenue 1.35 | Enterprise Value to EBITDA 12.55 | Shares Outstanding 33278700 | Shares Floating 31821070 |
Shares Outstanding 33278700 | Shares Floating 31821070 | ||
Percent Insiders 4.15 | Percent Institutions 110.93 |
Upturn AI SWOT
Patrick Industries Inc
Company Overview
History and Background
Patrick Industries, Inc. was founded in 1959. Initially a distributor of hardwood lumber, it evolved into a major manufacturer and distributor of component solutions for the Recreational Vehicle (RV), Manufactured Housing (MH), and Industrial markets. It grew significantly through strategic acquisitions.
Core Business Areas
- RV Segment: Manufactures and distributes a wide range of components for RVs, including interior components, exterior components, and chassis components.
- MH Segment: Supplies various products used in the construction and finishing of manufactured homes, such as wall panels, roofing materials, and doors.
- Industrial Segment: Offers products for various industrial applications, including marine, kitchen cabinet, and furniture.
Leadership and Structure
Todd Cleveland serves as the Chairman of the Board and Chief Executive Officer. The company has a typical corporate structure with various vice presidents and directors overseeing different functional areas and business segments.
Top Products and Market Share
Key Offerings
- Wall Panels: Manufactured for RV and MH industries. Market share is difficult to pinpoint exactly, but Patrick is a significant supplier in this space. Competitors include companies specializing in wood and composite panel manufacturing.
- Cabinet Doors and Components: Supplied to RV, MH, and cabinet industries. Market share is a substantial portion, with other players being smaller, privately-held suppliers.
- Furniture: RV furniture, including sofas, chairs, and beds. Exact market share information is fragmented, and the competitive landscape includes smaller furniture manufacturers specialized for RVs.
- Awnings and Exterior Products: Products provided for RV exteriors with no specific market share but significant revenue generation. Lippert Components is a major competitor.
Market Dynamics
Industry Overview
The RV and MH industries are cyclical, affected by economic conditions and consumer confidence. Demand for RVs and MHs can fluctuate significantly based on interest rates, fuel prices, and overall economic growth.
Positioning
Patrick Industries is a leading supplier in the RV and MH component markets, benefiting from its scale, broad product portfolio, and established relationships with major manufacturers.
Total Addressable Market (TAM)
The total addressable market encompasses the total value of components and materials used in RV, MH, and industrial construction. Estimations vary, but represent tens of billions of dollars annually. Patrick is well-positioned to capture a significant portion, with plenty of growth potential from the TAM.
Upturn SWOT Analysis
Strengths
- Leading market position in RV and MH component markets
- Diversified product portfolio
- Strong customer relationships
- Extensive distribution network
- Proven acquisition strategy
Weaknesses
- Cyclical business model, susceptible to economic downturns
- Reliance on RV and MH markets
- Integration risks associated with acquisitions
- Exposure to raw material price fluctuations
Opportunities
- Expansion into new markets (e.g., international)
- Product innovation and development
- Increased penetration of existing markets
- Strategic acquisitions
- Increasing outdoor lifestyle trends.
Threats
- Economic recession or downturn
- Increased competition
- Changes in consumer preferences
- Raw material price increases
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- LCI
- THO
- WGO
Competitive Landscape
Patrick Industries competes primarily on product breadth, service, and price. Its scale and diversified product portfolio provide a competitive advantage. However, other companies are specialized in some RV and MH products and may be able to compete in those niches.
Major Acquisitions
Dicor Products
- Year: 2021
- Acquisition Price (USD millions): 195
- Strategic Rationale: To expand Patrick Industries' product portfolio in the RV aftermarket and expand its distribution capabilities.
Tealand Solutions Group
- Year: 2023
- Acquisition Price (USD millions): 28
- Strategic Rationale: To expand Patrick Industries' product offerings in surface solutions to marine, RV, and other leisure lifestyle markets.
Growth Trajectory and Initiatives
Historical Growth: Patrick Industries has grown historically through organic expansion and acquisitions. Revenue growth rates have fluctuated with the RV and MH markets.
Future Projections: Analyst estimates for future growth will depend on projections for the RV and MH markets, as well as the company's ability to execute its strategy. Review analyst reports from credible sources to gain insight.
Recent Initiatives: Recent initiatives include acquisitions to expand product offerings and market reach. Also important are internal efficiency improvements and capital allocation decisions.
Summary
Patrick Industries is a leading supplier of components for the RV and MH industries, benefiting from a diversified product portfolio and a strong market position. However, its cyclical business model makes it vulnerable to economic downturns. Strategic acquisitions have contributed to growth, but integration risks must be managed. Future success depends on expanding into new markets, product innovation, and navigating economic cycles effectively.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company 10-K and 10-Q filings
- Investor presentations
- Press releases
- Industry reports
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. The data provided is based on publicly available information and may not be entirely accurate or complete. Market share data is approximate and may vary depending on the source. Investment decisions should be made after consulting with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Patrick Industries Inc
Exchange NASDAQ | Headquaters Elkhart, IN, United States | ||
IPO Launch date 1978-01-13 | CEO & Chairman of the Board Mr. Andy L. Nemeth | ||
Sector Consumer Cyclical | Industry Furnishings, Fixtures & Appliances | Full time employees 10000 | Website https://ir.patrickind.com |
Full time employees 10000 | Website https://ir.patrickind.com | ||
Patrick Industries, Inc. manufactures and distributes component products and materials for the recreational vehicle, marine, powersports, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada. Its Manufacturing segment manufactures and sells laminated products for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum products; fiberglass and plastic components; RV paintings; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinetry; polymer-based and other flooring products; and dash panels. This segment also provides wrapped vinyl, paper, and hardwood profile mouldings; interior passage doors; air handling products; slide-out trim and fascia; treated, untreated, and laminated plywood; fiberglass and plastic helm systems and components; boat towers, tops, trailers, and frames; adhesives and sealants; thermoformed shower surrounds; specialty bath, and closet building products; wiring and wire harnesses; aluminum and plastic fuel tanks; CNC molds, composite parts, and marine hardware and accessories; slotwall panels and components; and other products. The company's Distribution segment distributes pre-finished wall and ceiling panels, drywall and finishing products, electronic and audio system components, appliances, and marine accessories; wiring, electrical, and plumbing products; fiber reinforced polyester products; and cement siding, raw and processed lumber, interior passage, roofing, laminate, and ceramic flooring products, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, and other products. This segment also offers transportation and logistics services. Patrick Industries, Inc. was incorporated in 1959 and is based in Elkhart, Indiana.
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