Patrick Industries Stock Drops to $80.55, 52-Week Low

Patrick Industries Inc. (PATK) saw its stock fall to a 52-week low of $80.55 on September 8, 2026, marking a 55% drop from its prior high of $148.50. The decline reflects a broader downturn of 27.93% over the past year. The company’s second-quarter 2026 earnings per share (EPS) of $1.29 fell short of Wall Street’s forecast of $1.38, despite revenue of $1.04 billion—above expectations. Revenue growth was driven by stronger performance in marine, powersports, and housing segments, though the recreational vehicle (RV) sector continued to underperform, with wholesale shipments down 16%. The company’s dividend, raised for seven consecutive years, carries a yield of 2.27%. Analysts revised price targets downward, with BofA Securities cutting its estimate to $85 from $88 and maintaining an Underperform rating. Benchmark lowered its target to $115 from $135, citing reduced shipment volumes in RVs and manufactured housing. Truist Securities reduced its fiscal 2026 and 2027 earnings estimates and adjusted its price target to $108 from $113.