MHProNews has learned from hilltopmhc that Chief Operating Officer (COO) of Patrick Industries, Inc. (NASDAD:PATK) Jeff Rodino sold 20,000 shares of company stock, as disclosed in a filing with the Securities and Exchange Commission (SEC). Sold at an average price of $43.94, the transaction was valued at $878,000.00.

The COO now owns 86,530 shares of Patrick stock valued at $3,802,128.20. Patrick closed down -!.23 percent at $42.81 on Fri., March 11.

At its last announcement of quarterly earnings on Feb. 18, 2016, Patrick reported earnings per share (EPS) of $0.78 for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.23. While analysts estimated $241.70 million revenue for the quarter, actual revenue was $248.70 million.

Headquartered in Elkhart, IN, Patrick is a component supplier to the manufactured housing and recreational vehicle industries. ##

(Photo credit: elkharttruth/Emily Pfund–Patrick Industries, Inc. headquarters)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews..