BMO cuts target for Patrick Industries stock to USD 100.00

Published on 10/15/2026 at 20:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 1.04 billion on June 28, 2026. Patrick Industries stock costs EUR 60.25 on October 15, 2026 at 8:42 p.m. CEST.

Analyst view and company figures

BMO Capital lowered its Patrick Industries target to USD 100.00 from USD 120.00 on October 13, 2026.
Patrick Industries generated USD 1.04 billion in second-quarter 2026 revenue.
Patrick Industries stock costs EUR 60.25 at Lang & Schwarz on October 15, 2026 at 8:42 p.m. CEST.
Patrick Industries had a USD 2.2 billion market capitalization and a 16.00 price-to-earnings ratio on October 15, 2026.

PATK, US7033431039, Illustration mit AI erstellt.

Patrick Industries (ISIN US7033431039) became the subject of a lower analyst target after Markets Insider reported on October 13, 2026 that BMO Capital cut its target to USD 100.00 from USD 120.00 while retaining an Outperform rating. The stock was trading at EUR 60.25 at Lang & Schwarz on October 15, 2026 at 8:42 p.m. CEST.

Second-quarter revenue reached USD 1.04 billion

Patrick Industries reported USD 1.04 billion in revenue for the second quarter of 2026, while diluted earnings per share came to USD 1.28. The quarter ended June 28, 2026, and net income attributable to common shareholders was USD 43.42 million. MarketBeat reported the revenue and earnings-per-share figures in its October 8, 2026 coverage.

Price position and trading scale

The Lang & Schwarz quote places the euro price above EUR 60.00 in after-hours trading. The primary Nasdaq quote stood at USD 67.24 on October 15, 2026 at 2:49 p.m. ET, with a session gain of USD 3.93, or 6.21 percent, against USD 63.31.

Patrick Industries traded between USD 63.00 and USD 148.50 over the 52 weeks through October 15, 2026. Volume was 791,022 shares against an average of 548,792 shares, while the market capitalization was USD 2.2 billion.

Valuation and analyst expectations

The finance figures put Patrick Industries at a price-to-earnings ratio of 16.00 and a trailing dividend yield of 0.03 percent on October 15, 2026. BMO Capital's new USD 100.00 target is USD 32.76 above the Nasdaq price of USD 67.24, a 48.72 percent difference calculated in the same currency.

The target change matters because BMO cited soft retail demand and cost inflation as concerns ahead of third-quarter results. That assessment leaves the latest quarterly revenue and the next earnings update as the main company-specific markers for the stock.

Comparison with peers

Patrick Industries: P/E 16.00, market capitalization USD 2.2 billion.

Thor Industries (NYSE, USD): plus 6.34 percent, P/E 20.60, market capitalization USD 3.6 billion.

LCI Industries (NYSE, USD): plus 6.08 percent, P/E 9.64, market capitalization USD 2.0 billion.

Price and investor perspective

The combination of a USD 100.00 analyst target, a USD 2.2 billion market value and second-quarter revenue of USD 1.04 billion gives the stock a clear set of reference points. The latest quote remains the immediate market measure for investors tracking the company from Germany.

The further course of trading is shown by the continuously updated real-time quote of Patrick Industries stock.