Patrick Industries, Inc. (PATK) Director John A. Forbes Sells 1,000 Shares of Stock
Patrick Industries, Inc. (NASDAQ:PATK) Director John A. Forbes sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $65.80, for a total value of $65,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Patrick Industries, Inc. (PATK) traded up $1.35 on Friday, hitting $66.20. The stock had a trading volume of 351,583 shares, compared to its average volume of 128,142. The company has a market cap of $1,636.35, a P/E ratio of 22.26, a PEG ratio of 1.85 and a beta of 0.99. The company has a current ratio of 2.23, a quick ratio of 1.00 and a debt-to-equity ratio of 0.72. Patrick Industries, Inc. has a 12-month low of $40.07 and a 12-month high of $68.63.
Patrick Industries (NASDAQ:PATK) last issued its quarterly earnings results on Thursday, October 26th. The construction company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.10. The firm had revenue of $407.50 million during the quarter, compared to the consensus estimate of $371.98 million. Patrick Industries had a return on equity of 24.60% and a net margin of 4.73%. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. equities research analysts expect that Patrick Industries, Inc. will post 3.05 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP raised its holdings in shares of Patrick Industries by 13.7% during the 3rd quarter. GSA Capital Partners LLP now owns 20,980 shares of the construction company’s stock valued at $1,764,000 after buying an additional 2,530 shares in the last quarter. Algert Global LLC increased its stake in Patrick Industries by 26.3% in the 3rd quarter. Algert Global LLC now owns 35,155 shares of the construction company’s stock worth $2,957,000 after purchasing an additional 7,329 shares during the period. California Public Employees Retirement System increased its stake in Patrick Industries by 3.3% in the 3rd quarter. California Public Employees Retirement System now owns 34,103 shares of the construction company’s stock worth $2,868,000 after purchasing an additional 1,103 shares during the period. Stifel Financial Corp increased its stake in Patrick Industries by 6.8% in the 3rd quarter. Stifel Financial Corp now owns 228,182 shares of the construction company’s stock worth $19,189,000 after purchasing an additional 14,565 shares during the period. Finally, OxFORD Asset Management LLP increased its stake in Patrick Industries by 199.6% in the 3rd quarter. OxFORD Asset Management LLP now owns 36,504 shares of the construction company’s stock worth $3,063,000 after purchasing an additional 24,318 shares during the period. 89.33% of the stock is currently owned by institutional investors.
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About Patrick Industries
Patrick Industries, Inc is a manufacturer of component products and distributor of building products and materials for the recreational vehicle (RV) and manufactured housing (MH) industrial markets for customers throughout the United States and Canada. In addition, it is a supplier to certain other industrial markets, such as kitchen cabinet, office and household furniture, fixtures and commercial furnishings, marine, and other industrial markets.
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