A substantial insider sell was reported on February 28, by Andy L Nemeth, Chief Executive Officer at Patrick Industries (NASDAQ:PATK), based on the recent SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday outlined that Nemeth executed a sale of 15,000 shares of Patrick Industries with a total value of $1,732,538.
Patrick Industries's shares are actively trading at $116.52, experiencing a up of 0.14% during Wednesday's morning session.
All You Need to Know 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.
Patrick Industries's Economic Impact: An Analysis
Decline in Revenue: Over the 3 months period, Patrick Industries faced challenges, resulting in a decline ...