Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Patrick Industries, Inc. (NASDAQ:PATK). In a filing disclosed on April 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in Patrick Industries stock on March 3rd. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.
Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of MACOM Technology Solutions NASDAQ: MTSI on 3/27/2026.
- Purchased $1,001 - $15,000 in shares of StandardAero NYSE: SARO on 3/27/2026.
- Purchased $1,001 - $15,000 in shares of FirstService NASDAQ: FSV on 3/27/2026.
- Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 3/27/2026.
- Sold $1,001 - $15,000 in shares of Advanced Energy Industries NASDAQ: AEIS on 3/27/2026.
- Sold $1,001 - $15,000 in shares of Flex NASDAQ: FLEX on 3/27/2026.
- Purchased $1,001 - $15,000 in shares of LPL Financial NASDAQ: LPLA on 3/27/2026.
- Purchased $1,001 - $15,000 in shares of DoorDash NASDAQ: DASH on 3/27/2026.
- Sold $1,001 - $15,000 in shares of Viavi Solutions NASDAQ: VIAV on 3/27/2026.
- Purchased $15,001 - $50,000 in shares of Fabrinet NYSE: FN on 3/27/2026.
Patrick Industries Price Performance
Shares of Patrick Industries stock traded down $0.31 during trading hours on Thursday, reaching $120.79. 159,054 shares of the company's stock were exchanged, compared to its average volume of 344,622. The business has a fifty day moving average of $123.41 and a two-hundred day moving average of $113.78. The company has a market capitalization of $4.00 billion, a P/E ratio of 30.89 and a beta of 1.35. The company has a quick ratio of 0.80, a current ratio of 2.51 and a debt-to-equity ratio of 1.08. Patrick Industries, Inc. has a 1 year low of $75.26 and a 1 year high of $148.50.
Patrick Industries (NASDAQ:PATK - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The construction company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.10. Patrick Industries had a net margin of 3.42% and a return on equity of 13.28%. The firm had revenue of $924.17 million for the quarter, compared to the consensus estimate of $858.62 million. During the same period last year, the firm posted $0.52 earnings per share. The company's revenue for the quarter was up 9.2% on a year-over-year basis. As a group, research analysts predict that Patrick Industries, Inc. will post 5.33 earnings per share for the current fiscal year.
Patrick Industries Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.6%. Patrick Industries's dividend payout ratio is presently 48.08%.
Insiders Place Their Bets
In other news, Director John A. Forbes sold 2,704 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $140.75, for a total transaction of $380,588.00. Following the completion of the transaction, the director directly owned 49,272 shares in the company, valued at approximately $6,935,034. This represents a 5.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Hugo E. Gonzalez sold 13,514 shares of the business's stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $113.10, for a total transaction of $1,528,433.40. Following the completion of the sale, the chief operating officer owned 33,864 shares in the company, valued at approximately $3,830,018.40. This trade represents a 28.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have acquired 11,110 shares of company stock worth $1,289,895 and have sold 20,121 shares worth $2,477,337. Company insiders own 4.40% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on PATK shares. Weiss Ratings upgraded Patrick Industries from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, February 23rd. Truist Financial set a $126.00 price target on Patrick Industries in a report on Friday, January 9th. Wall Street Zen raised Patrick Industries from a "hold" rating to a "buy" rating in a research note on Saturday, April 4th. KeyCorp dropped their target price on Patrick Industries from $155.00 to $140.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Benchmark reaffirmed a "buy" rating on shares of Patrick Industries in a research note on Friday, February 6th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Patrick Industries currently has an average rating of "Moderate Buy" and a consensus price target of $133.25.
Check Out Our Latest Report on Patrick Industries
Institutional Trading of Patrick Industries
Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Patrick Industries by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,302 shares of the construction company's stock valued at $1,632,000 after buying an additional 851 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Patrick Industries by 5.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,446 shares of the construction company's stock worth $5,957,000 after acquiring an additional 3,748 shares during the last quarter. Strs Ohio acquired a new stake in Patrick Industries during the first quarter worth $42,000. Cetera Investment Advisers raised its position in Patrick Industries by 64.8% in the second quarter. Cetera Investment Advisers now owns 6,058 shares of the construction company's stock valued at $559,000 after purchasing an additional 2,381 shares during the period. Finally, Russell Investments Group Ltd. raised its position in Patrick Industries by 7.0% in the second quarter. Russell Investments Group Ltd. now owns 23,839 shares of the construction company's stock valued at $2,200,000 after purchasing an additional 1,568 shares during the period. Hedge funds and other institutional investors own 93.29% of the company's stock.
About Representative Cisneros
Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election.
Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.
About Patrick Industries
(
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.
Founded in 1959 and headquartered in Elkhart, Indiana, Patrick Industries began as a small distributor of hardwood and millwork products.
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