Patrick Industries, Inc. (NASDAQ:PATK) EVP Jeff Rodino sold 3,511 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $102.22, for a total transaction of $358,894.42. Following the transaction, the executive vice president now owns 75,315 shares in the company, valued at approximately $7,698,699.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Jeff Rodino also recently made the following trade(s):
- On Friday, December 8th, Jeff Rodino sold 11,500 shares of Patrick Industries stock. The shares were sold at an average price of $99.00, for a total transaction of $1,138,500.00.
Patrick Industries, Inc. (NASDAQ PATK) opened at $98.75 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.00 and a current ratio of 2.23. Patrick Industries, Inc. has a 1 year low of $60.10 and a 1 year high of $102.95. The firm has a market cap of $1,643.50, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 2.04 and a beta of 0.99.
Patrick Industries’s stock is set to split on Monday, December 11th. The 3-2 split was announced on Thursday, November 9th. The newly created shares will be issued to shareholders after the market closes on Friday, December 8th.
Patrick Industries (NASDAQ:PATK) last posted its quarterly earnings data on Thursday, October 26th. The construction company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.10. Patrick Industries had a net margin of 4.73% and a return on equity of 24.60%. The business had revenue of $407.50 million for the quarter, compared to analysts’ expectations of $371.98 million. During the same quarter in the previous year, the business posted $0.53 earnings per share. The business’s revenue was up 34.0% compared to the same quarter last year. equities research analysts expect that Patrick Industries, Inc. will post 4.53 EPS for the current fiscal year.
A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Patrick Industries from a “hold” rating to a “buy” rating and set a $62.67 price objective on the stock in a research report on Friday, September 29th. Robert W. Baird reiterated a “buy” rating on shares of Patrick Industries in a research report on Thursday, October 12th. Finally, Bank of America boosted their price objective on shares of Patrick Industries from $56.67 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $56.33.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP grew its holdings in shares of Patrick Industries by 13.7% in the third quarter. GSA Capital Partners LLP now owns 20,980 shares of the construction company’s stock worth $1,764,000 after purchasing an additional 2,530 shares during the last quarter. Algert Global LLC grew its holdings in shares of Patrick Industries by 26.3% in the third 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 last quarter. California Public Employees Retirement System grew its holdings in shares of Patrick Industries by 3.3% in the third 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 last quarter. Stifel Financial Corp grew its holdings in shares of Patrick Industries by 6.8% in the third 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 last quarter. Finally, OxFORD Asset Management LLP grew its holdings in shares of Patrick Industries by 199.6% in the third 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 last quarter. Hedge funds and other institutional investors own 89.33% of the company’s stock.
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Patrick Industries Company Profile
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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