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Patrick Industries NASDAQ:PATK Chief Executive Officer Andy L. Nemeth sold 25,000 shares of common stock on August 13, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as the stock trades near its 52-week high of $114.26, having surged 12.1% in the past week. The sales were executed in two tranches at prices ranging from $110.0 to $113.3854, netting a total of $2,766,927.
Nemeth sold 20,000 shares at $110.0 per share, for a total of $2,200,000. An additional 5,000 shares were sold at a weighted average price of $113.3854, resulting in $566,927.
Following the transactions, Nemeth directly owns 328,641 shares of Patrick Industries Inc., representing a significant stake in the company, which currently has a market capitalization of $3.76 billion. For comprehensive insider trading analysis and 12 additional exclusive insights, check out the detailed Patrick Industries report on InvestingPro.
In other recent news, Patrick Industries reported its second-quarter 2025 earnings, delivering an adjusted earnings per share (EPS) of $1.50, which surpassed analysts’ expectations of $1.40. The company also achieved a revenue of $1.05 billion, exceeding projections by 1.94%. Following these results, BMO Capital raised its price target for Patrick Industries to $110 from the previous $100, maintaining an Outperform rating. BMO highlighted that the earnings results were slightly better than anticipated, although the company’s guidance remained mostly unchanged, with adjustments only in the recreational vehicle industry assumptions. These developments indicate a positive performance for Patrick Industries, despite a mixed market reaction.
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