RankAlpha logo
Back to Rankings

PATK

Patrick IndustriesC
Nasdaq / Automobiles & Components
Last Price
Quote time unavailable
View Chart
Current thesis
Diversified end markets cushion RV weakness, margins and cash conversion recover, and the LCI transaction ultimately clears review. Q2 Marine, Powersports and Housing growth provides support, but neither recovery nor merger completion is established.
Posture
Mixed
Lead driver
Value
What changed
2 setup hits (3d) with net bullish as of 2026-10-26.
What can break
Q2 RV revenue declined 15%, adjusted operating margin fell year over year, and first-half operating cash flow declined to $69 million from $189 million. [#SEC-8K-2026-07-30]
Momentum
28
Value
58
Sentiment
53
Setup hits (3d)
2 · Net Bullish
AI TargetsBase $68.00 · Bull $85.00 · Bear $52.00Analysis 2026-10-23; returns require an exact persisted reference.
Earnings
2026-10-29 · BMO
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-26 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-23 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Bullish
Target $100.36
Why
Momentum28 · Δ7d -2.3
Value58 · Δ7d -0.4
Sentiment53 · Δ7d -3.2
So what
Balanced signals (Net Bullish). Wait for confirmation before sizing up.

Confirming evidence

  • • 2 setup hits (3d) with net bullish as of 2026-10-26.
  • • Next scheduled catalyst: earnings 2026-10-29 · BMO.
  • • Value remains the lead driver in the composite, 7D delta -0.4.

Contradictions & invalidation

  • • Q2 RV revenue declined 15%, adjusted operating margin fell year over year, and first-half operating cash flow declined to $69 million from $189 million. [#SEC-8K-2026-07-30]
  • • Q2 net leverage was 3.0x, limiting tolerance for prolonged demand or cash-flow weakness. [#SEC-8K-2026-07-30]
  • • RV demand remains weak, margin and cash-flow pressure persists, and the DOJ second request delays or jeopardizes the merger.

Catalyst clock

2026-10-29 · BMO

October 29 earnings: margin and cash-conversion test

Lead driver: Value · See fundamentals
Momentum
28
8% active weight
Current posture
7d trendSoftening
Δ7d
-2.3
Δ21d
+1.0
Value
58
47% active weight
Current posture
7d trendFlat
Δ7d
-0.4
Δ21d
-0.7
Sentiment
53
45% active weight
Current posture
7d trendSoftening
Δ7d
-3.2
Δ21d
-12.1
Why this grade

Composite grade C. Momentum 27.9 / Value 57.9 / Sentiment 53.1

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-23. Scenario method

B+
Bull case
0%
Probability
Target price
$85.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
Most likely
B
Base case
0%
Probability
Target price
$68.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
B-
Bear case
0%
Probability
Target price
$52.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-26
Market Cap
$2.26B
Beta
1.33
Shares Out
32.12M
P/E (TTM)
31.7
P/S (TTM)
0.95
P/FCF (TTM)
23.38
Rev YoY
-0.6%
EPS YoY
+33.3%
Gross Margin
+20.6%
Op Margin
+7.0%
Net Debt
$1.47B
Current Ratio
2.67
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data