Patrick Industries CFO Unloads $417,500 in Stock (PATK)
Patrick Industries (NASDAQ:PATK) CFO Andy L. Nemeth unloaded 10,000 shares of Patrick Industries stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $41.75, for a total transaction of $417,500.00. Following the transaction, the chief financial officer now directly owns 71,559 shares of the company’s stock, valued at approximately $2,987,588. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Patrick Industries (NASDAQ:PATK) traded down 1.78% during mid-day trading on Friday, hitting $41.43. The stock had a trading volume of 51,877 shares. Patrick Industries has a 52-week low of $24.08 and a 52-week high of $48.10. The stock has a 50-day moving average of $44.01 and a 200-day moving average of $41.13. The company has a market cap of $438.5 million and a price-to-earnings ratio of 17.01.
Patrick Industries (NASDAQ:PATK) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.82 by $0.04. Analysts expect that Patrick Industries will post $2.75 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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