Today, the CEO of Patrick Industries (PATK), Todd Cleveland, bought shares of PATK for $925.5K.
This recent transaction increases Todd Cleveland’s holding in the company by 5.05% to a total of $18.57 million. In addition to Todd Cleveland, 5 other PATK executives reported Buy trades in the last month.
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Based on Patrick Industries’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $575 million and quarterly net profit of $27.93 million. In comparison, last year the company earned revenue of $408 million and had a net profit of $17.95 million. PATK’s market cap is $726.9M and the company has a P/E ratio of 5.90. Currently, Patrick Industries has an average volume of 783.7K.
In the last 30 days, insiders have sold $4.38M worth of PATK shares and purchased $1.3M worth of PATK shares. The insider sentiment on Patrick Industries has been neutral according to 39 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Patrick Industries, Inc. engages in the manufacture of components products and distribution of building products for industrial markets. It operates through the Manufacturing and Distribution segments.
