On November 25, 2024, Andy Nemeth, the CEO of Patrick Industries Inc (PATK, Financial), sold 30,000 shares of the company, according to a recent SEC Filing. Following this transaction, the insider now owns 243,119 shares of the company.
Patrick Industries Inc (PATK) is a major manufacturer and distributor of component products and building materials for the recreational vehicle, manufactured housing, marine, and industrial markets. The company operates through various segments, providing a wide range of products including decorative vinyl and paper panels, cabinet doors, countertops, and other related products.
Over the past year, Andy Nemeth has sold a total of 115,000 shares and has not purchased any shares. The insider transaction history for Patrick Industries Inc shows that there have been no insider buys in total over the past year, while there have been 21 insider sells during the same period.
As of the day of the recent sale, shares of Patrick Industries Inc were trading at $136.88 each, giving the stock a market cap of $3.06 billion. The company's price-earnings ratio stands at 19.63, which is higher than the industry median of 18.97 and also higher than the company’s historical median price-earnings ratio.
With a trading price of $136.88 and a GF Value of $70.66, Patrick Industries Inc has a price-to-GF-Value ratio of 1.94, indicating that the stock is significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company’s past returns and growth, and future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
