(PATK) Patrick Industries - Ratings and Ratios

Patrick Industries, Inc. (NASDAQ: PATK) is a leading manufacturer and distributor of component products and materials for the recreational vehicle (RV), marine, powersports, manufactured housing, and industrial markets. Operating across the United States, Mexico, China, and Canada, the company serves a diverse range of industries with a broad portfolio of products. Its Manufacturing segment produces laminated products for furniture, shelving, and countertops; fiberglass bath fixtures; tile systems; vinyl printing; amplifiers; soundbars; 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. Additionally, this segment offers 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 Distribution segment focuses on supplying 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 provides transportation and logistics services. Established in 1959 and headquartered in Elkhart, Indiana, Patrick Industries has grown significantly through strategic acquisitions and organic expansion, solidifying its position as a key player in the building products industry.

Based on current technical and fundamental data, Patrick Industries, Inc. (NASDAQ: PATK) is expected to experience a mixed outlook over the next three months. Technically, the stock is trading below its 20-day, 50-day, and 200-day simple moving averages (SMA), which may indicate short-term weakness. However, with an Average True Range (ATR) of 3.68, volatility is moderate, suggesting potential stabilization if the stock holds above the $75 support level. From a fundamental perspective, the companys forward P/E of 15.17 indicates improving earnings expectations, while its current P/E of 19.74 reflects a premium valuation. The price-to-sales ratio of 0.73 suggests the stock may be undervalued relative to its revenue, providing a potential bullish case if earnings growth materializes. Overall, the stock is likely to remain range-bound in the near term, with upside potential tied to stronger-than-expected Q3 earnings and continued demand in its core markets.