Patrick Industries stock faces a key LCI merger test

Published on 10/06/2026 at 11:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Patrick Industries stock was last at USD 66.59 on October 5, 2026, as the LCI merger approached a DOJ review date. Q2 net income rose 34 percent to USD 43 million.

PATK, US7033431039, Illustration mit AI erstellt.

Patrick Industries stock (ISIN US7033431039) was last at USD 66.59 on Nasdaq on October 5, 2026, at 4:00 p.m. ET, down 0.85 percent on the session. The proposed LCI Industries merger now has an October 9 regulatory milestone, with Patrick targeting completion in the first half of 2027, according to StockTitan on September 29, 2026.

LCI review sets the next milestone

Patrick and LCI Industries withdrew their initial Hart-Scott-Rodino submissions and refiled them on September 9, 2026, restarting the antitrust waiting period. The transaction remains subject to regulatory and shareholder approvals, and the proposed combination would bring together businesses serving RV, marine, powersports and housing markets, according to Patrick Industries in its September 10, 2026 filing.

The October 9 waiting-period date is the next concrete checkpoint for the deal. Patrick has said the merger is targeted for completion in the first half of 2027, leaving the regulatory process as a central near-term variable for the stock.

Q2 earnings show mixed end markets

For Q2 2026, Patrick reported USD 1.04 billion in revenue, net income of USD 43 million and diluted EPS of USD 1.28. Net income increased 34 percent from USD 32 million in the prior-year quarter, while revenue was down less than 1 percent, according to Yahoo Finance.

The operating mix explains the contrast. Marine revenue increased 22 percent, powersports revenue rose 28 percent and housing revenue gained 2 percent, while a 16 percent decline in RV wholesale shipments weighed on the quarter, according to Yahoo Finance.

Analyst targets remain above the stock

The analyst consensus is Buy among 11 analysts, with eight Buy ratings, two Holds and one Sell. The average 12-month price target is USD 106.91, with a high of USD 130.00 and a low of USD 84.00, according to Investing.com as of October 5, 2026.

Against the USD 66.59 Nasdaq price, the average target lies 60.5 percent above the price. That gap contrasts with the stock's operating challenge: growth in marine, powersports and housing is offsetting softer RV demand, while the LCI transaction adds a separate regulatory risk.

PATK stock stays near its yearly low

At USD 66.59 on October 5, 2026, Patrick Industries stock stood USD 0.92 above its 52-week low of USD 65.67 and USD 81.91 below its 52-week high of USD 148.50. The market capitalization was USD 2.2 billion and trading volume was 566,636 shares on the same date.