Patrick Industries Intrinsic Stock Value – Patrick Industries CEO Sells $1.94M in Stock
December 30, 2023
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Patrick Industries ($NASDAQ:PATK), Inc., is a leading manufacturer and distributor of building products and materials in the United States. The company provides a comprehensive range of products for the recreational vehicle, manufactured housing, small-scale local builders, and other industries. Recently, the CEO of Patrick Industries, Inc., Timothy E. Hassinger, has sold $1,940,000.00 worth of the company’s stock. The sale is part of a larger plan to diversify the executive’s investment portfolio. Though the amount of the sale is significant, it is only a small fraction of Mr. Hassinger’s overall equity stake in Patrick Industries, Inc. The company’s stock price was not affected by this sale, and Patrick Industries remains financially solid.
Mr. Hassinger’s sale of stock has been approved by the board and is in line with the company’s insider trading policy. Patrick Industries remains committed to providing its shareholders with a high level of corporate governance and transparency. Going forward, the company looks to continue to grow and expand its operations in the future.
Share Price
On Tuesday, the stock of PATRICK INDUSTRIES opened at 100.5 and closed at 100.8, up by 1.0% from the previous closing price of 99.7. This could indicate that he believes the stock could decline in future and is selling off at a good price before that happens. It is also possible that the funds generated from the sale would be used for other purposes such as research and development, or paying off debt. Whatever the case, it is a sign of confidence in the company’s future prospects from its most senior executive. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Patrick Industries. More…
| Total Revenues | Net Income | Net Margin |
| 3.64k | 152.26 | 4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Patrick Industries. More…
| Operations | Investing | Financing |
| 475.76 | -188.05 | -324.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Patrick Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.66k | 1.62k | 46.59 |
Key Ratios Snapshot
Some of the financial key ratios for Patrick Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.1% | 22.5% | 7.4% |
| FCF Margin | ROE | ROA |
| 11.2% | 16.7% | 6.4% |
Analysis – Patrick Industries Intrinsic Stock Value
As GoodWhale, we have done an analysis of PATRICK INDUSTRIES‘s wellbeing. Our proprietary Valuation Line has estimated the intrinsic value of PATRICK INDUSTRIES share to be around $69.8. However, currently the stock is traded at $100.8, overvalued by 44.4%. This indicates that, despite the current market state, PATRICK INDUSTRIES may not be a suitable investment for those looking for long-term gains. More…
Peers
The Company’s segments include Recreational Vehicle Products, Manufactured Housing Products, Marine Products, and Commercial Products. Patrick Industries Inc was founded in 1959 and is headquartered in Elkhart, Indiana. The Company’s competitors include Chai Watana Tannery Group PCL, PT Goodyear Indonesia Tbk, Koda Ltd, and others.
– Chai Watana Tannery Group PCL ($SET:CWT)
Chai Watana Tannery Group PCL is a publicly traded company with a market capitalization of 1.76B as of 2022. The company’s return on equity is 11.99%. Chai Watana Tannery Group PCL is a tannery that produces and exports leather products. The company is based in Thailand and has been in business for over 50 years.
– PT Goodyear Indonesia Tbk ($IDX:GDYR)
The company’s market capitalization is 533 billion as of 2022, and its return on equity is 3.59%. The company produces and sells tires and other rubber products. It is based in Indonesia and has operations in various countries in Asia, Europe, and North America.
– Koda Ltd ($SGX:BJZ)
Koda Ltd is a market leader in providing innovative software solutions to the energy sector. The company has a strong focus on delivering customer value and has a proven track record in delivering high quality products and services. Koda Ltd has a market capitalisation of $39.05 million as of 2022 and a return on equity of 8.61%. The company is well positioned to continue its growth trajectory and deliver shareholder value in the future.
Summary
This is an important signal for investors as it indicates that the CEO may be taking profits from the company’s current stock price, or that they have different views on the company’s future prospects. Analysts will want to take a closer look at the fundamentals of the company to determine if it is a good time to buy or sell. They will examine PATRICK’s financials, cash flow, and management practices to see whether there are any red flags that could indicate a potential downturn, or if current market conditions will continue to support the company’s growth prospects. Ultimately, investors will need to decide for themselves if they should hold or sell PATRICK Industries, Inc. stock.
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