Patrick Industries major shareholder Sells $606,234 in Stock (PATK)
Patrick Industries (NASDAQ:PATK) major shareholder Jeffrey L. Et Al Gendell sold 13,800 shares of Patrick Industries stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $43.93, for a total value of $606,234.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Patrick Industries (NASDAQ:PATK) traded up 2.08% during mid-day trading on Tuesday, hitting $45.24. 78,248 shares of the company’s stock traded hands. Patrick Industries has a 52-week low of $21.80 and a 52-week high of $48.10. The stock has a 50-day moving average of $42.82 and a 200-day moving average of $39.82. The company has a market cap of $481.8 million and a P/E ratio of 19.10.
Patrick Industries (NASDAQ:PATK) last announced its earnings results on Thursday, April 24th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.05. The company had revenue of $170.10 million for the quarter, compared to the consensus estimate of $158.30 million. During the same quarter last year, the company posted $0.30 earnings per share. On average, analysts predict that Patrick Industries will post $2.68 earnings per share for the current fiscal year.
Patrick Industries, Inc (NASDAQ:PATK) is a manufacturer of component products and distributor of building products and materials to the recreational vehicle (RV) and manufactured housing (MH) industries.
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