Patrick Industries, Inc. (NASDAQ:PATK) released its quarterly earnings results on Thursday. The company reported $0.89 EPS for the quarter, meeting analysts’ consensus estimates of $0.89. Patrick Industries had a return on equity of 35.44% and a net margin of 4.60%. The firm had revenue of $323.90 million for the quarter, compared to analyst estimates of $302.05 million. During the same quarter in the previous year, the company posted $0.78 EPS. The business’s revenue was up 30.3% on a year-over-year basis.

Shares of Patrick Industries (NASDAQ:PATK) opened at 81.00 on Friday. The firm has a 50 day moving average price of $80.97 and a 200-day moving average price of $68.72. Patrick Industries has a 52-week low of $40.00 and a 52-week high of $86.10. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 23.49 and a beta of 1.20.

Earnings History for Patrick Industries (NASDAQ:PATK)

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In related news, CEO Todd M. Cleveland sold 10,000 shares of Patrick Industries stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the completion of the sale, the chief executive officer now owns 352,227 shares of the company’s stock, valued at $30,044,963.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey L. Et Al Gendell sold 400 shares of Patrick Industries stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $82.75, for a total value of $33,100.00. The disclosure for this sale can be found here. Insiders sold 207,854 shares of company stock valued at $15,393,509 over the last ninety days. Corporate insiders own 6.20% of the company’s stock.

About Patrick Industries

Patrick Industries, Inc (Patrick) is a manufacturer of component products and distributor of building products and materials for the recreational vehicle (RV) and manufactured housing (MH) industries. The Company operates in two segments: Manufacturing and Distribution. The Company’s manufacturing segment’s lamination operations utilizes various materials, such as lauan, medium density fiberboard (MDF), gypsum, and particleboard, which are bonded by adhesives or a heating process to a number of products, including vinyl, paper, foil and high-pressure laminates.

5 Day Chart for NASDAQ:PATK

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