Patrick Industries Inc. (PATK) Director Joseph M. Cerulli Sells 1,980 Shares
Patrick Industries Inc. (NASDAQ:PATK) Director Joseph M. Cerulli sold 1,980 shares of Patrick Industries stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $67.65, for a total value of $133,947.00. Following the completion of the transaction, the director now owns 27,304 shares in the company, valued at $1,847,115.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Patrick Industries Inc. (NASDAQ:PATK) opened at 66.95 on Friday. Patrick Industries Inc. has a 52 week low of $29.28 and a 52 week high of $69.53. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 19.42 and a beta of 1.22. The company’s 50-day moving average price is $60.74 and its 200 day moving average price is $59.33.
Patrick Industries (NASDAQ:PATK) last released its earnings results on Thursday, October 27th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.03. Patrick Industries had a return on equity of 35.44% and a net margin of 4.60%. The firm earned $304.20 million during the quarter, compared to analysts’ expectations of $280.60 million. The business’s revenue for the quarter was up 41.6% on a year-over-year basis. On average, analysts predict that Patrick Industries Inc. will post $3.59 EPS for the current year.
Separately, CL King upgraded Patrick Industries from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 17th.
Patrick Industries Company Profile
Patrick Industries, Inc (Patrick) is a manufacturer of component products and distributor of building products and materials for the recreational vehicle (RV) and manufactured housing (MH) industries. The Company operates in two segments: Manufacturing and Distribution. The Company’s manufacturing segment’s lamination operations utilizes various materials, such as lauan, medium density fiberboard (MDF), gypsum, and particleboard, which are bonded by adhesives or a heating process to a number of products, including vinyl, paper, foil and high-pressure laminates.
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