Patrick Industries, Inc. (NASDAQ:PATK – Get Free Report) insider Charles Roeder bought 5,750 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was bought at an average price of $87.83 per share, for a total transaction of $505,022.50. Following the completion of the purchase, the insider owned 42,147 shares of the company’s stock, valued at approximately $3,701,771.01. The trade was a 15.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Patrick Industries Stock Up 6.5%
PATK opened at $95.90 on Thursday. The company has a quick ratio of 1.04, a current ratio of 2.71 and a debt-to-equity ratio of 1.16. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 24.59 and a beta of 1.12. Patrick Industries, Inc. has a twelve month low of $80.35 and a twelve month high of $148.50. The company’s 50-day moving average price is $110.81 and its two-hundred day moving average price is $113.96.
Patrick Industries (NASDAQ:PATK – Get Free Report) last released its earnings results on Thursday, April 30th. The construction company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. The firm had revenue of $997.17 million for the quarter, compared to analysts’ expectations of $989.06 million. Patrick Industries had a net margin of 3.46% and a return on equity of 13.24%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 earnings per share. As a group, equities analysts expect that Patrick Industries, Inc. will post 4.94 earnings per share for the current year.
Analyst Ratings Changes
Read Our Latest Research Report on Patrick Industries
Institutional Trading of Patrick Industries
Hedge funds and other institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new position in shares of Patrick Industries in the 3rd quarter worth $25,000. Advisory Services Network LLC bought a new position in shares of Patrick Industries in the 3rd quarter worth $25,000. Torren Management LLC bought a new position in shares of Patrick Industries in the 4th quarter worth $26,000. Cornerstone Planning Group LLC bought a new position in shares of Patrick Industries in the 3rd quarter worth $31,000. Finally, Allworth Financial LP increased its holdings in shares of Patrick Industries by 181.3% in the 4th quarter. Allworth Financial LP now owns 315 shares of the construction company’s stock worth $34,000 after buying an additional 203 shares during the last quarter. Institutional investors own 93.29% of the company’s stock.
Key Stories Impacting Patrick Industries
Here are the key news stories impacting Patrick Industries this week:
- Positive Sentiment: Large coordinated insider buying — insiders bought roughly $2.3M+ of stock last week, led by CEO Andy Nemeth (10,000 shares, ~$880k), director M. Scott Welch (10,050 shares, ~$887k) and Charles R. Roeder (President – RV; 5,750 shares, ~$505k). Market reaction appears driven by this show of leadership conviction in the company’s outlook. Quiver Quantitative coverage of insider cluster buying
- Positive Sentiment: Additional insider purchases include CFO Matthew S. Filer (1,000 shares) and director Blake Augsburger (400 shares), reinforcing the buy signal from multiple senior executives. SEC filings for these purchases provide direct confirmation. Filer SEC filing Augsburger SEC filing
- Neutral Sentiment: Analyst context — several firms maintain higher price targets (median ~$137.50 across recent notes), suggesting upside vs. current levels but also reflecting mixed views on cyclicality and near-term revenue trends. This background may support longer-term investor interest but is not the immediate catalyst. Quiver Quantitative analyst target summary
- Negative Sentiment: Offsetting factors — Quiver notes notable insider sales and sizable institutional trimming in recent quarters (e.g., large reductions by FMR, Macquarie, T. Rowe Price), which could keep selling pressure and volatility elevated despite the buy signal. Investors should weigh whether current insider buys represent new conviction or opportunistic accumulation amid broader selling. Quiver Quantitative institutional and insider activity
About Patrick Industries
Patrick Industries, Inc is a leading manufacturer and distributor of component products and building materials for the recreational vehicle (RV), manufactured housing, marine and industrial markets. The company supplies a broad array of interior and exterior products, including cabinetry, countertops, flooring, wall panels and decorative trim. Patrick Industries also offers engineered composites, adhesives, sealants and insulation solutions that cater to both original equipment manufacturers (OEMs) and aftermarket customers across North America.
Founded in 1959 and headquartered in Elkhart, Indiana, Patrick Industries began as a small distributor of hardwood and millwork products.
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