Patrick Industries (NASDAQ:PATK) Director Purchases $1,136,800.00 in Stock

12 Mar 2026, 22:20 by Renee Jackson · The Cerbat Gem

Patrick Industries, Inc. (NASDAQ:PATK – Get Free Report) Director M Scott Welch acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average cost of $113.68 per share, for a total transaction of $1,136,800.00. Following the acquisition, the director owned 146,000 shares of the company’s stock, valued at $16,597,280. This represents a 7.35% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

M Scott Welch also recently made the following trade(s):

On Friday, March 6th, M Scott Welch purchased 50 shares of Patrick Industries stock. The shares were bought at an average cost of $116.40 per share, with a total value of $5,820.00.
On Friday, February 27th, M Scott Welch bought 60 shares of Patrick Industries stock. The stock was purchased at an average price of $122.75 per share, with a total value of $7,365.00.

Patrick Industries Stock Performance

PATK stock traded down $1.91 during trading on Thursday, hitting $113.14. 293,558 shares of the company’s stock traded hands, compared to its average volume of 294,882. Patrick Industries, Inc. has a 52 week low of $72.99 and a 52 week high of $148.50. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 28.94 and a beta of 1.33. The company has a quick ratio of 0.80, a current ratio of 2.51 and a debt-to-equity ratio of 1.08. The stock has a fifty day moving average price of $127.34 and a two-hundred day moving average price of $113.66.

Patrick Industries (NASDAQ:PATK – Get Free Report) last issued its earnings results on Thursday, February 5th. The construction company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.10. The firm had revenue of $924.17 million during the quarter, compared to analysts’ expectations of $858.62 million. Patrick Industries had a net margin of 3.42% and a return on equity of 13.28%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. As a group, equities analysts anticipate that Patrick Industries, Inc. will post 5.33 EPS for the current fiscal year.

Patrick Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, February 23rd were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, February 23rd. Patrick Industries’s dividend payout ratio is 48.08%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp raised its holdings in shares of Patrick Industries by 4.0% during the fourth quarter. Mackenzie Financial Corp now owns 2,078 shares of the construction company’s stock valued at $231,000 after acquiring an additional 80 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Patrick Industries by 4.1% during the fourth quarter. CIBC Asset Management Inc now owns 2,256 shares of the construction company’s stock worth $245,000 after buying an additional 88 shares during the period. Arizona State Retirement System raised its stake in Patrick Industries by 1.1% in the third quarter. Arizona State Retirement System now owns 9,387 shares of the construction company’s stock valued at $971,000 after buying an additional 98 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Patrick Industries by 4.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 2,479 shares of the construction company’s stock worth $269,000 after buying an additional 98 shares during the last quarter. Finally, Strs Ohio boosted its position in shares of Patrick Industries by 11.1% in the 3rd quarter. Strs Ohio now owns 1,000 shares of the construction company’s stock valued at $103,000 after purchasing an additional 100 shares during the period. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PATK has been the subject of a number of recent analyst reports. KeyCorp reaffirmed an “overweight” rating and issued a $155.00 price objective (up from $135.00) on shares of Patrick Industries in a research report on Friday, February 6th. BMO Capital Markets reissued an “outperform” rating and set a $155.00 target price on shares of Patrick Industries in a research report on Friday, February 6th. Weiss Ratings upgraded Patrick Industries from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Wall Street Zen downgraded Patrick Industries from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Roth Mkm restated a “buy” rating and set a $157.00 price objective on shares of Patrick Industries in a research note on Monday, February 9th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Patrick Industries presently has an average rating of “Moderate Buy” and an average price target of $135.13.

View Our Latest Analysis on PATK

Patrick Industries Company Profile

(Get Free Report)

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.