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No insider purchase over the last 90 days. The latest was filed 12 Mar 2026.
Patrick Industries Inc: what insiders have been doing
This page follows insider dealings at Patrick Industries Inc as filed with SEC (Form 4), a company from the Industry sector. In the past year (18 October 2025 to 18 October 2026), 26 filings came from 11 insiders.
Open-market activity splits into 4 purchases totalling €1.1M and 5 sales totalling €4.9M; 2 insiders sit on the buying side and 5 insiders on the selling side. Sales outweigh purchases by €3.8M. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. Among those who bought: 1 senior executive. At €2.4M, the sale published on 18 December 2025 by Nemeth Andy l is the largest of the period.
With 26 filings in twelve months, the company is more active than the median of 19 filings across the 5,816 companies we follow on the same exchange. Our records for Patrick Industries Inc go back to 2016, with 10 purchases and 61 sales on the open market in total. For the fiscal year to 31 December 2025, the annual 10-K puts revenue at 3.95 bn USD and net income at 135.1 m USD.
Within a 30-day window, 2 purchases overlapped with buying by a second insider. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time. The clock since the last published purchase (12 March 2026) now reads 220 days. Filings reach the SEC (Form 4) feed a median of 2 days after the trade. Section 16 rules allow two business days to file each Form 4. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
In the same sector, recent insider purchases at Tennant Co and Butler National Corp also feature in our signals. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
232
Thresholds
n/a
Buy Volume
€2M
10 ops. · all time
Sell Volume
€47M
61 ops. · all time
Who traded when
BuySaleM. Scott Welch6 buys
Andy L. Nemeth3 sales
Joel D. Duthie3 sales
Derrick B. Mayes1 sale
Hugo E. Gonzalez1 sale
Jeff Rodino1 sale
+7 other insiders
Since the insiders bought
- -25.0%Entry US$114.31 · Close at T+90 US$85.72
- -33.3%Entry US$142.51 · Close at T+90 US$95.00
- -6.0%Entry US$90.59 · Close at T+365 US$85.12
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Patrick Industries Inc Buy (bullish), based on 10 analysts. Average price target: US$106.70.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 10,387 of 24,148 companies
55.1
score / 100
Value66
Quality44
FCF yld8.6%
Earn yld4.8%
EV/EBITDA10.2x
ROE13%
Gross mgn23%
Net mgn3.4%
Debt/EBITDA3.5x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$87.65
Analyst consensus
10 analystsBuy
US$85.00Target US$106.70(+22%)US$130.00
Income statement
RevenueUS$4B
Gross profitUS$912.9M23% margin
EBITDAUS$421.8M11% margin
Net incomeUS$135.1M3.7% margin
Valuation
PER (trailing)20.9x
PER (forward)16.3x
P/Book2.5x
Beta1.10
Balance sheet & cash
Market capUS$2.8B
Total debtUS$1.5B
Free Cash FlowUS$241.9M
Debt / Equity146%
Profitability & ownership
ROE13.0%
ROA5.3%
% insiders4.1%
% institutions116.9%
Last declaration on 13 March 2026
Declarations232 total
13,514 shares@ US$113.09666.3% of flowCommon StockSEC:0002010449-26-000009:0
10,000 shares@ US$113.682148.6% of flowCommon StockSEC:0001189422-26-000017:0
Canonical exit: 10 Jun 2026 (T+90)
50 shares@ US$116.400.2% of flowCommon StockSEC:0001189422-26-000013:0
Canonical exit: 4 Jun 2026 (T+90)
60 shares@ US$122.750.3% of flowCommon StockSEC:0001189422-26-000009:0
Canonical exit: 28 May 2026 (T+90)
2,660 shares@ US$141.0325.3% of flowCommon StockSEC:0001862958-26-000009:0
3,903 shares@ US$145.614892.4% of flowCommon StockSEC:0001658928-26-000008:0
1,000 shares@ US$139.91579.2% of flowCommon StockSEC:0001974819-26-000006:0
Canonical exit: 7 May 2026 (T+90)
2,704 shares@ US$140.750430.2% of flowCommon StockSEC:0001528477-26-000004:0
810 shares0Common StockSEC:0002015612-26-000004:0
945 shares0Common StockSEC:0001974819-26-000004:0
6,397 shares0Common StockSEC:0001862958-26-000004:0
3,839 shares0Common StockSEC:0001658928-26-000004:0
16,312 shares0Common StockSEC:0001491923-26-000004:0
1,350 shares0Common StockSEC:0002010449-26-000004:0
1,462 shares0Common StockSEC:0001834052-26-000002:0
38,383 shares0Common StockSEC:0001209929-26-000004:0
246 shares@ US$128.9225.7% of flowCommon StockSEC:0002015612-26-000002:0
410 shares@ US$128.922.2% of flowCommon StockSEC:0002010449-26-000002:0
287 shares@ US$128.9220.8% of flowCommon StockSEC:0001974819-26-000002:0
603 shares@ US$128.925.2% of flowCommon StockSEC:0001862958-26-000002:0
362 shares@ US$128.927.6% of flowCommon StockSEC:0001658928-26-000002:0
5,365 shares@ US$128.923.0% of flowCommon StockSEC:0001209929-26-000002:0
2,137 shares@ US$128.92100.0% of flowCommon StockSEC:0001491923-26-000002:0
25,000 shares@ US$115.0012.6% of flowCommon StockSEC:0001209929-25-000011:0
2,000 shares0Common StockSEC:0001443241-25-000004:0
25 of 232 declarations
About Patrick Industries Inc
Patrick Industries, Inc. (ticker: PATK) is a U.S.-listed industrial company trading on the NASDAQ in the United States, with a business model centered on component solutions for specialized end markets. Founded in 1959 and headquartered in Elkhart, Indiana, Patrick has evolved from a regional supplier into a major manufacturer and distributor serving the recreational vehicle (RV), marine, powersports, manufactured housing, and select industrial markets. Its strategic appeal lies in being embedded deep in customers’ supply chains, where value is created not only through manufacturing, but also through customization, assembly, distribution, and logistics. ([patrickind.com](https://www.patrickind.com/company/?utm_source=openai))
The company operates through two reporting segments, Manufacturing and Distribution. That structure allows Patrick to offer both produced components and sourced/distributed products to OEMs and other customers. Its portfolio spans interior and exterior RV components, marine parts and accessories, powersports-related products, and housing-related solutions used in manufactured housing and adjacent industrial applications. Management describes Patrick as a leading component solutions provider for the Outdoor Enthusiast and Housing markets, reflecting its concentration in lifestyle-oriented, highly fragmented, and relationship-driven niches. The company’s footprint is primarily coast-to-coast across the United States, with a smaller presence in Mexico, China, and Canada. ([sec.gov](https://www.sec.gov/Archives/edgar/data/76605/000007660525000115/patrick2024annualreport.pdf?utm_source=openai))
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From a competitive standpoint, Patrick’s strengths include scale, broad product breadth, a mix of manufacturing and distribution capabilities, and the ability to increase content per unit with major customers. The company has highlighted content gains in RV and marine over recent periods, which supports its strategy of deepening wallet share and moving into more value-added components. As of late 2025, Patrick employed roughly 10,000 team members, underscoring its operational scale within its niche industrial universe. ([ir.patrickind.com](https://ir.patrickind.com/sec-filings/all-sec-filings/content/0000076605-26-000013/patk-20251231.htm?utm_source=openai))
Recent developments have been notably active. In 2025, Patrick completed or announced several acquisitions, including QES, Egis, and Lillipad Marine, reinforcing its marine exposure and broadening its specialty component offering. In its first-quarter 2026 release, the company disclosed that it was in discussions with LCI Industries regarding a possible merger of equals, although no transaction terms or certainty of completion were provided. The same quarter showed essentially flat net sales overall, with marine and powersports growth offset by weaker RV and housing demand. For investors, Patrick remains a diversified, acquisition-driven industrial platform with meaningful exposure to cyclical end markets in the United States, but also with the ability to capture share through product innovation and cross-selling across its customer base. ([ir.patrickind.com](https://ir.patrickind.com/investor-news-events/press-releases/detail/296/patrick-industries-inc-expands-marine-market-presence-through-the-completion-of-two-acquisitions?utm_source=openai))
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