PATK Patrick Industries Inc

Kip Ellis has resigned from his position as President – Powersports and Housing at Patrick Industries, effective immediately, to pursue other interests. Hugo E. Gonzalez, previously Executive Vice President – Operations and Chief Operating Officer, has been appointed to fill Ellis's role. This appointment is part of the company's succession plan.

Patrick Industries' CEO recently sold 7.7% of their stock, amounting to US$2.9m, at US$115 per share. While this single sale doesn't necessarily indicate a lack of conviction, the company has seen significantly more insider selling (US$12m) than buying (US$2.3m) over the past year. Despite high insider ownership, this selling trend raises some caution for potential investors.

Patrick Industries (NASDAQ:PATK) recently saw its CEO & Chairman of the Board, Andy Nemeth, sell US$2.9m worth of stock, which accounted for a small portion of his holdings. Over the past year, insider selling in the company has outweighed buying, with insiders selling 113.29k shares worth US$12m compared to buying 26.57k shares worth US$2.3m. Despite high insider ownership of 4.3%, the pattern of insider sales suggests caution for potential investors.

The CEO & Chairman of Patrick Industries, Andy Nemeth, recently sold US$2.9m worth of stock, which accounted for only 7.7% of his holding. While insiders bought US$2.3m worth of shares over the last year, insiders sold US$12m, indicating more selling activity than buying. Despite high insider ownership (4.3% of the company), the history of share sales suggests caution for potential investors.

Patrick Industries, a manufacturer of components and accessories, has acquired Quality Engineered Services (QES) and Egis Group. These acquisitions are part of Patrick's long-term strategy to expand its component solutions for OEMs in the outdoor-enthusiast space, enhance its capabilities in wiring and electrical components, and strengthen its engineering talent. The combined revenue for QES and Egis for the trailing 12 months through November was approximately $39 million.

Andy Nemeth, the CEO of a Patrick Industries Inc (PATK) subsidiary, sold 25,000 shares of the company on December 16, 2025. This transaction follows Nemeth's sale of 50,000 shares over the past year, indicating a trend of insider selling. Patrick Industries Inc's stock is currently trading at $115, which is significantly overvalued compared to its GF Value of $78.96, suggesting potential concerns for investors.