Insider Selling: Andy L. Nemeth Unloads 10,000 Shares of Patrick Industries Stock (PATK)
Patrick Industries (NASDAQ:PATK) CFO Andy L. Nemeth unloaded 10,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $43.13, for a total value of $431,300.00. Following the completion of the transaction, the chief financial officer now directly owns 61,559 shares in the company, valued at approximately $2,655,040. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Patrick Industries (NASDAQ:PATK) opened at 42.09 on Friday. Patrick Industries has a 52 week low of $25.31 and a 52 week high of $48.10. The stock has a 50-day moving average of $43.55 and a 200-day moving average of $41.38. The company has a market cap of $445.4 million and a price-to-earnings ratio of 16.94.
Patrick Industries (NASDAQ:PATK) last released its 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 EPS 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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