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