Patrick posted a 52-week low of $34.74 and a 52-week high of $64.88, with a market cap of $609.45 million. As MHProNews reported Friday, May 22, 2015 the stock closed at $59.19, down -1.51 percent on the day. The company’s P/E ratio is 18.99. For its most recent quarterly report, Patrick posted earnings of $0.89 per share, beating the Thomson Reuters estimate of $0.75 EPS by $0.14.
In a related development, a legal filing with the Securities & Exchange Commission (SEC) revealed that major shareholder Jeffrey L. Et Al Gendell sold 18,783 shares of company stock on May 20 at an average price of $60.92 for a total value of $1,144,260.36.
Patrick Industries is headquartered in Elkhart, Indiana. ##
(Image credit: Patrick Industries, Inc.)
