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Insider Sale: President-RV Jeff Rodino Sells 20,000 Shares of Patrick Industries Inc (PATK)


Insider Sale: President-RV Jeff Rodino Sells 20,000 Shares of Patrick Industries Inc (PATK)

Patrick Industries Inc, headquartered in Elkhart, Indiana, is a major manufacturer of component products and distributor of building products serving the recreational vehicle, manufactured housing, and industrial markets. The company's products include decorative vinyl and paper laminated panels, countertops, wrapped profile mouldings, cabinet doors and components, hardwood furniture, fiberglass bath fixtures, fiberglass and plastic helm systems and component products, wiring and wire harnesses, aluminum products, and other miscellaneous products.

Over the past year, Jeff Rodino has sold a total of 50,000 shares and has not purchased any shares. The insider transaction history for Patrick Industries Inc shows no insider buys over the past year, with 23 insider sells recorded during the same timeframe.

On the day of the sale, shares of Patrick Industries Inc were trading at $131.37, giving the company a market cap of approximately $3.03 billion. The price-earnings ratio of the company stands at 19.42, which is above both the industry median of 17.635 and the companys historical median.

According to the GF Value, an intrinsic value estimate developed by GuruFocus, Patrick Industries Inc is significantly overvalued with a price-to-GF-Value ratio of 1.84. The GF Value of $71.56 is calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and future business performance estimates from Morningstar analysts.

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