Patrick Industries' COO Sold Company Shares Worth $1.5 Million. Should You Avoid the Stock?

5 days ago 5

Robert Izquierdo, The Motley Fool

Sat, March 28, 2026 astatine 10:17 AM CDT 4 min read

Hugo E Gonzalez, the Chief Operating Officer of Patrick Industries (NASDAQ:PATK), reported the nonstop merchantability of 13,514 communal shares connected March 12, 2026, for a transaction worth of astir $1.53 cardinal according to the SEC Form 4 filing.

Metric

Value

Shares sold (direct)

13,514

Transaction value

$1.5 million

Post-transaction shares (direct)

33,864

Post-transaction worth (direct ownership)

~$3.83 million

Transaction worth based connected SEC Form 4 weighted mean acquisition terms ($113.10); post-transaction worth based connected March 12, 2026 marketplace close.

  • How worldly was this merchantability comparative to the executive's humanities trading activity?
    This transaction progressive 13,514 shares, exceeding the size of Gonzalez's lone different merchantability successful August 2024 (1,911 shares), and represented 28.52% of pre-trade nonstop holdings, compared to 3.88% for the anterior sale.

  • What interaction does this person connected the executive's remaining stake?
    Gonzalez retains 33,864 straight held shares post-sale, valued astatine astir $3.83 cardinal arsenic of March 12, 2026, with nary indirect holdings oregon outstanding options reported.

  • Was determination immoderate derivative oregon indirect engagement successful this transaction?
    No; the transaction was a nonstop open-market merchantability of communal stock, with nary information by trusts, affiliates, oregon derivative instruments.

  • How does the timing of this merchantability subordinate to marketplace conditions oregon anterior activity?
    The merchantability comes amid a 34.7% one-year full instrumentality for Patrick Industries arsenic of the transaction day and follows a anterior disposition successful August 2024, reflecting capacity-driven portfolio absorption arsenic nonstop holdings decrease.

Metric

Value

Price (as of marketplace adjacent March 12, 2026)

$113.14

Market capitalization

$3.81 billion

Revenue (TTM)

$3.95 billion

Net income (TTM)

$135.06 million

* 1-year show metrics are calculated utilizing March 12, 2026 arsenic the notation date.

  • Patrick Industries manufactures and distributes components, gathering products, and materials for the recreational vehicle, marine, manufactured housing, and concern markets.

  • It operates done manufacturing and organisation segments, generating gross by supplying OEMs and aftermarket customers with value-added products and logistics services.

  • The institution serves archetypal instrumentality manufacturers and aftermarket clients crossed the United States, Canada, and China, with a absorption connected the recreational conveyance and marine industries.

Patrick Industries is simply a starring supplier of components and gathering materials to the recreational vehicle, marine, and manufactured lodging sectors, leveraging a vertically integrated exemplary to service OEM and aftermarket customers.

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