Todd M. Cleveland Sells 20,000 Shares of Patrick Industries Inc. (PATK) Stock
Patrick Industries Inc. (NASDAQ:PATK) CEO Todd M. Cleveland sold 20,000 shares of Patrick Industries stock in a transaction on Monday, November 21st. The stock was sold at an average price of $67.19, for a total transaction of $1,343,800.00. Following the sale, the chief executive officer now directly owns 385,481 shares of the company’s stock, valued at $25,900,468.39. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Patrick Industries Inc. (NASDAQ:PATK) traded up 1.34% during midday trading on Monday, hitting $67.85. 66,736 shares of the stock traded hands. Patrick Industries Inc. has a one year low of $29.28 and a one year high of $69.53. The company has a market cap of $1.04 billion, a PE ratio of 19.68 and a beta of 1.22. The company’s 50-day moving average is $61.07 and its 200-day moving average is $59.76.
Patrick Industries (NASDAQ:PATK) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.76 by $0.03. Patrick Industries had a net margin of 4.60% and a return on equity of 35.44%. The firm earned $304.20 million during the quarter, compared to analyst estimates of $280.60 million. The company’s revenue for the quarter was up 41.6% compared to the same quarter last year. Equities research analysts expect that Patrick Industries Inc. will post $3.59 EPS for the current fiscal year.
Separately, CL King raised shares of Patrick Industries from a “neutral” rating to a “buy” rating in a research report 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.
Receive News & Stock Ratings for Patrick Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patrick Industries Inc. and related stocks with our FREE daily email newsletter.