Patrick Industries (NASDAQ:PATK) Director Blake Augsburger Purchases 400 Shares

Patrick Industries, Inc. (NASDAQ:PATK) Director Blake Augsburger purchased 400 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average price of $85.19 per share, with a total value of $34,076.00. Following the completion of the transaction, the director owned 2,125 shares of the company’s stock, valued at $181,028.75. The trade was a 23.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Patrick Industries Stock Up 6.5%

Shares of PATK opened at $95.90 on Thursday. The company has a market cap of $3.18 billion, a PE ratio of 24.59 and a beta of 1.12. The business has a fifty day moving average of $110.81 and a 200 day moving average of $113.96. Patrick Industries, Inc. has a 52-week low of $80.35 and a 52-week high of $148.50. The company has a quick ratio of 1.04, a current ratio of 2.71 and a debt-to-equity ratio of 1.16.

Patrick Industries (NASDAQ:PATK) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. Patrick Industries had a return on equity of 13.24% and a net margin of 3.46%.The company had revenue of $997.17 million during the quarter, compared to the consensus estimate of $989.06 million. During the same period last year, the company earned $1.11 earnings per share. Patrick Industries’s revenue was down .6% on a year-over-year basis. On average, sell-side analysts expect that Patrick Industries, Inc. will post 4.94 EPS for the current year.

Key Patrick Industries News

Here are the key news stories impacting Patrick Industries this week:

• Positive Sentiment: Large coordinated insider buying — insiders bought roughly $2.3M+ of stock last week, led by CEO Andy Nemeth (10,000 shares, ~$880k), director M. Scott Welch (10,050 shares, ~$887k) and Charles R. Roeder (President – RV; 5,750 shares, ~$505k). Market reaction appears driven by this show of leadership conviction in the company’s outlook. Quiver Quantitative coverage of insider cluster buying
• Positive Sentiment: Additional insider purchases include CFO Matthew S. Filer (1,000 shares) and director Blake Augsburger (400 shares), reinforcing the buy signal from multiple senior executives. SEC filings for these purchases provide direct confirmation. Filer SEC filing Augsburger SEC filing
• Neutral Sentiment: Analyst context — several firms maintain higher price targets (median ~$137.50 across recent notes), suggesting upside vs. current levels but also reflecting mixed views on cyclicality and near-term revenue trends. This background may support longer-term investor interest but is not the immediate catalyst. Quiver Quantitative analyst target summary
• Negative Sentiment: Offsetting factors — Quiver notes notable insider sales and sizable institutional trimming in recent quarters (e.g., large reductions by FMR, Macquarie, T. Rowe Price), which could keep selling pressure and volatility elevated despite the buy signal. Investors should weigh whether current insider buys represent new conviction or opportunistic accumulation amid broader selling. Quiver Quantitative institutional and insider activity

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Copeland Capital Management LLC grew its holdings in Patrick Industries by 17.6% during the 1st quarter. Copeland Capital Management LLC now owns 563,507 shares of the construction company’s stock worth $62,589,000 after acquiring an additional 84,508 shares in the last quarter. Bessemer Group Inc. grew its holdings in Patrick Industries by 24.3% during the 1st quarter. Bessemer Group Inc. now owns 186,271 shares of the construction company’s stock worth $20,690,000 after acquiring an additional 36,359 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in Patrick Industries by 6.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 18,206 shares of the construction company’s stock worth $2,022,000 after acquiring an additional 1,122 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Patrick Industries during the 1st quarter worth about $5,220,000. Finally, Fifth Third Bancorp grew its holdings in Patrick Industries by 2,460.9% during the 1st quarter. Fifth Third Bancorp now owns 11,780 shares of the construction company’s stock worth $1,308,000 after acquiring an additional 11,320 shares in the last quarter. 93.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Raymond James Financial set a $108.00 target price on Patrick Industries in a research report on Friday, May 1st. BMO Capital Markets restated an “outperform” rating and issued a $150.00 target price (down from $155.00) on shares of Patrick Industries in a research note on Monday, April 20th. Zacks Research downgraded shares of Patrick Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Truist Financial set a $126.00 price target on Patrick Industries in a report on Friday, January 9th. Finally, Robert W. Baird set a $110.00 price objective on Patrick Industries in a report on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.63.

Patrick Industries Company Profile

Patrick Industries, Inc is a leading manufacturer and distributor of component products and building materials for the recreational vehicle (RV), manufactured housing, marine and industrial markets. The company supplies a broad array of interior and exterior products, including cabinetry, countertops, flooring, wall panels and decorative trim. Patrick Industries also offers engineered composites, adhesives, sealants and insulation solutions that cater to both original equipment manufacturers (OEMs) and aftermarket customers across North America.

Founded in 1959 and headquartered in Elkhart, Indiana, Patrick Industries began as a small distributor of hardwood and millwork products.