Making a noteworthy insider sell on February 15, Todd M Cleveland, Director at Patrick Industries (NASDAQ:PATK), is reported in the latest SEC filing.
What Happened: Cleveland's decision to sell 118,542 shares of Patrick Industries was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $13,335,975.
Monitoring the market, Patrick Industries's shares down by 0.0% at $109.44 during Thursday's morning.
About Patrick Industries
Patrick Industries Inc makes and sells building products and materials for recreational vehicles and manufactured housing. The company is organized into two segments based on product type: manufacturing and distribution. The manufacturing segment, which generates the majority of revenue, sells laminated and vinyl products that include furniture, shelving, cabinets, bath fixtures, and countertops. The distribution segment sells prefinished wall and ceiling panels, as well as electrical and plumbing products for the RV and manufactured-housing industries. One of the firm's RV customers makes up a significant portion of revenue. Nearly all of Patrick Industries' revenue comes from North America.
A Deep Dive into Patrick Industries's Financials
Revenue Challenges: Patrick Industries's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -9.8%. ...