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Director Michael A. Kitson of Patrick Industries Inc (NASDAQ:PATK), a $3.7 billion market cap company that has shown impressive momentum with a 36% gain year-to-date, sold 4,572 shares of common stock on August 19, 2025. According to InvestingPro analysis, the stock is currently trading near its 52-week high of $114.26, with a "GOOD" financial health rating. The shares were sold at a weighted average price of $112.67, for a total value of $515,127. Prices ranged from $112.657 to $112.96.
Following the transaction, Kitson directly owns 11,850 shares of Patrick Industries Inc.
In other recent news, Patrick Industries reported its second-quarter 2025 earnings, showcasing an adjusted earnings per share (EPS) of $1.50, which surpassed the forecasted $1.40. The company also reported a revenue of $1.05 billion, exceeding expectations by 1.94%. In addition, Patrick Industries announced a quarterly cash dividend of $0.40 per share, payable on September 8, 2025. BMO Capital raised its price target for Patrick Industries to $110 from $100, maintaining an Outperform rating on the stock. This adjustment followed the company’s better-than-expected second-quarter results, despite unchanged guidance except for assumptions related to the recreational vehicle industry. These developments highlight the company’s recent financial performance and analyst outlook.
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