Trade Report: Today, 28,247 Shares of Patrick Industries Inc. (PATK) Stock are sold by Jeffrey L. Et Al Gendell

Today, 28,247 Shares of Patrick Industries Inc. (PATK) Stock are sold by Jeffrey L. Et Al Gendell

Patrick Industries Inc. (NASDAQ:PATK) Director Jeffrey L. Et Al Gendell sold 28,247 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $69.20, for a total value of $1,954,692.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Patrick Industries Inc. (NASDAQ:PATK) opened at 69.90 on Friday. The firm’s 50-day moving average price is $61.55 and its 200 day moving average price is $60.16. The stock has a market capitalization of $1.07 billion, a P/E ratio of 20.27 and a beta of 1.22. Patrick Industries Inc. has a 12-month low of $29.28 and a 12-month high of $70.00.

Patrick Industries (NASDAQ:PATK) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.03. The firm had revenue of $304.20 million for the quarter, compared to analyst estimates of $280.60 million. Patrick Industries had a return on equity of 35.44% and a net margin of 4.60%. The firm’s revenue was up 41.6% compared to the same quarter last year. Analysts predict that Patrick Industries Inc. will post $3.59 EPS for the current fiscal year.

Separately, CL King upgraded Patrick Industries from a “neutral” rating to a “buy” rating in a report on Wednesday, August 17th.

Patrick Industries Company Profile

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