Blake Augsburger Buys 400 Shares of Patrick Industries (NASDAQ:PATK) Stock

Key Points

• Insiders buying: Multiple insiders have recently purchased shares, including Director Blake Augsburger who bought 400 shares at $85.19 (a ~23.2% boost to his holding, now 2,125 shares), alongside large buys by the CEO, another director and the CFO, signaling insider confidence.
• Recent performance and fundamentals: PATK shares rose ~5.6% to $95.11; the company beat Q1 EPS expectations ($1.10 vs. $1.08) with $997.2M in revenue (down 0.6% YoY), a market cap of ~$3.15B and a P/E around 24.3.
• Analyst view: Analysts give a consensus rating of "Moderate Buy" (seven Buys, two Holds) with a consensus price target of $122.63, though several firms have recently trimmed their targets.

Patrick Industries, Inc. (NASDAQ:PATK - Get Free Report) Director Blake Augsburger bought 400 shares of the stock in a transaction on Tuesday, May 5th. The shares were bought at an average price of $85.19 per share, for a total transaction of $34,076.00. Following the acquisition, the director owned 2,125 shares in the company, valued at $181,028.75. The trade was a 23.19% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Patrick Industries Stock Up 5.6%

NASDAQ PATK traded up $5.05 during trading hours on Wednesday, hitting $95.11. The company had a trading volume of 124,784 shares, compared to its average volume of 423,305. The firm's 50 day moving average is $111.49 and its 200 day moving average is $113.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.71 and a quick ratio of 1.04. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 24.31 and a beta of 1.12. Patrick Industries, Inc. has a fifty-two week low of $80.35 and a fifty-two week high of $148.50.

Patrick Industries (NASDAQ:PATK - Get Free Report) last issued its earnings results on Thursday, April 30th. The construction company reported $1.10 EPS for the quarter, beating 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 in the previous year, the firm posted $1.11 earnings per share. Patrick Industries's quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts anticipate that Patrick Industries, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on PATK. KeyCorp lowered their price target on shares of Patrick Industries from $140.00 to $125.00 and set an "overweight" rating on the stock in a report on Friday, May 1st. Benchmark decreased their price target on shares of Patrick Industries from $150.00 to $135.00 and set a "buy" rating for the company in a report on Friday, May 1st. Weiss Ratings upgraded shares of Patrick Industries from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, February 23rd. Robert W. Baird set a $110.00 price target on shares of Patrick Industries in a report on Friday. Finally, BMO Capital Markets restated an "outperform" rating and set a $150.00 price target (down from $155.00) on shares of Patrick Industries in a report on Monday, April 20th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Patrick Industries has an average rating of "Moderate Buy" and a consensus price target of $122.63.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new position in Patrick Industries in the 3rd quarter valued at $25,000. Advisory Services Network LLC acquired a new stake in Patrick Industries during the 3rd quarter worth $25,000. Torren Management LLC acquired a new stake in Patrick Industries during the 4th quarter worth $26,000. Cornerstone Planning Group LLC acquired a new stake in Patrick Industries during the 3rd quarter worth $31,000. Finally, Allworth Financial LP grew its holdings in shares of Patrick Industries by 181.3% in the 4th quarter. Allworth Financial LP now owns 315 shares of the construction company's stock valued at $34,000 after buying an additional 203 shares during the period. 93.29% of the stock is currently owned by institutional investors.

More Patrick Industries News

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

• Positive Sentiment: CEO Andy L. Nemeth bought 10,000 shares at an average price of $88.00, increasing his stake to 287,745 shares (≈3.6% increase). This is a large, high-profile purchase by the CEO that can signal confidence in the company’s outlook. SEC Filing
• Positive Sentiment: Director M. Scott Welch acquired 10,050 shares at about $88.23, bringing his holding to 156,000 shares (≈6.9% increase) — another sizable director purchase reinforcing insider support. SEC Filing
• Positive Sentiment: Insider Charles R. Roeder bought 5,750 shares at $87.83 (≈$505k), raising his holding to 42,147 shares (≈15.8% increase). Multiple insiders buying at similar prices strengthens the signal. SEC Filing
• Positive Sentiment: CFO Matthew S. Filer purchased 1,000 shares at $85.50, increasing his stake to 21,614 shares (≈4.9% increase) — an insider buy from finance leadership often carries weight with investors. SEC Filing
• Positive Sentiment: Director Blake Augsburger bought 400 shares at $85.19, boosting his holding to 2,125 shares (≈23.2% increase) — smaller dollar value but a meaningful percentage bump for the director. SEC Filing
• Positive Sentiment: Analysts collectively give PATK a “Moderate Buy” consensus, which supports the insider-driven sentiment and may encourage investor interest. Analyst Note

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.

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