Patrick Industries Appoints New Marine Division President

An update from Patrick Industries ( (PATK) ) is now available.

On May 19, 2025, Patrick Industries announced that Jake Petkovich will rejoin the company as President of the Marine division, succeeding Rick Reyenger, who will transition to a strategic advisory role. Petkovich’s return is expected to drive growth and innovation in Patrick’s Marine businesses, leveraging his previous experience as CFO and his strategic and operational expertise. The appointment is part of Patrick’s ongoing efforts to enhance operational efficiency and deliver value to shareholders through strategic diversification.

The most recent analyst rating on (PATK) stock is a Buy with a $99.00 price target. To see the full list of analyst forecasts on Patrick Industries stock, see the PATK Stock Forecast page.

Spark’s Take on PATK Stock

According to Spark, TipRanks’ AI Analyst, PATK is a Outperform.

Patrick Industries’ overall stock score reflects solid financial performance, driven by efficient operations and profitability. Positive technical trends support further growth potential, while valuation metrics suggest fair pricing. The earnings call provided mixed insights, balancing strong segment performance with macroeconomic challenges.

To see Spark’s full report on PATK stock, click here.

More about Patrick Industries

Patrick Industries, Inc. (NASDAQ: PATK) is a leading component solutions provider serving the RV, Marine, Powersports, and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences through a customer-focused approach that integrates design, manufacturing, distribution, and transportation. Headquartered in Elkhart, IN, the company employs approximately 10,000 skilled team members across the United States.

Average Trading Volume: 401,786

Technical Sentiment Signal: Buy

Current Market Cap: $2.88B

For an in-depth examination of PATK stock, go to TipRanks’ Stock Analysis page.