Insider Sell: Joel Duthie Sells Shares of Patrick Industries Inc (PATK)

On December 9, 2024, Joel Duthie, Chief Legal Officer/Secretary of Patrick Industries Inc, sold 718 shares of the company. Following this transaction, the insider now owns 31,459 shares of Patrick Industries Inc.
Patrick Industries Inc (PATK, Financial) is a major manufacturer and distributor of component products and building materials for the recreational vehicle, manufactured housing, marine, and industrial markets. The company operates through various segments, providing a wide range of products including decorative vinyl and paper panels, cabinet doors, countertops, and other related products.

The insider transaction history for Patrick Industries Inc indicates that there have been no insider buys over the past year, while there have been 21 insider sells during the same period. This recent sale by Joel Duthie is part of this trend, with the insider having sold a total of 718 shares over the past year and not purchasing any shares.
On the day of the sale, shares of Patrick Industries Inc were trading at $137.11, giving the stock a market cap of $3.062 billion. The company’s price-earnings ratio stands at 19.64, which is higher than the industry median of 18.89 and also higher than the company’s historical median price-earnings ratio.

The GF Value for Patrick Industries Inc is estimated at $70.43, resulting in a price-to-GF-Value ratio of 1.95. This suggests that the stock is significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also incorporates a GuruFocus adjustment factor based on the company’s past returns and growth, along with future estimates of business performance from Morningstar analysts.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.