Ellis, president at Patrick Industries, sells $2.36 million in stock

Kip B. Ellis, President-Powersports/Housing at Patrick Industries Inc (NASDAQ:PATK), sold 21,452 shares of common stock on August 13, 2025. The shares were sold at a weighted average price of $110.0053, for a total transaction value of $2.36 million. The prices for the shares sold ranged from $109.030 to $111.105. The sale comes as PATK trades near its 52-week high of $114.26, with the stock showing significant momentum, gaining nearly 12% in the past week. According to InvestingPro analysis, the stock’s RSI indicates overbought conditions, while five analysts have recently revised their earnings expectations upward.

Following the transaction, Ellis directly owns 125,379 shares of Patrick Industries Inc. For deeper insights into insider trading patterns and comprehensive analysis of PATK’s valuation metrics, InvestingPro subscribers can access the detailed Pro Research Report, one of 1,400+ available company deep-dives.

In other recent news, Patrick Industries reported its second-quarter 2025 earnings, showcasing an adjusted earnings per share (EPS) of $1.50, which exceeded analyst forecasts of $1.40. The company also reported revenue of $1.05 billion, surpassing expectations by 1.94%. Following these results, BMO Capital raised its price target for Patrick Industries to $110 from $100, while maintaining an Outperform rating. The firm noted that the earnings came in slightly better than anticipated, although the guidance remained mostly unchanged except for assumptions related to the recreational vehicle industry. Additionally, Patrick Industries’ Board of Directors declared a quarterly cash dividend of $0.40 per share, payable on September 8, 2025, to shareholders recorded by August 25, 2025. These developments reflect the company’s ongoing financial activities and market perceptions.

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