Patrick Industries (NASDAQ: PATK) disclosed a reported insider sale by Joel D. Duthie, the company's Chief Legal Officer and Secretary, in a Form 4 filed with the Securities and Exchange Commission. The filing shows Duthie sold 2,660 shares of common stock on February 17, 2026, at $141.03 per share. The transaction amounted to $375,139, and following the sale Duthie directly holds 33,018 shares in the company.
These insider moves arrive against a backdrop of marked share-price appreciation for Patrick Industries. Over the past 12 months the stock has risen 46.61%, and it is up 23.34% over the last six months. The shares trade at a price-to-earnings ratio of 35.43, according to the information reported alongside the filing.
On the corporate performance front, Patrick Industries posted stronger-than-expected results for the fourth quarter of 2025. The company reported adjusted earnings per share of $0.84, outpacing the forecasted $0.72. Revenue for the quarter reached $924.17 million, beating the consensus projection of $858.62 million.
Analysts responded to the quarter by raising guidance on the stock. Benchmark increased its price target to $150 and retained a Buy rating, citing strength across sales, adjusted EBITDA and EPS. BMO Capital also raised its price target, to $155, noting the fourth-quarter outcomes exceeded expectations. Tristan Thomas-Martin of BMO Capital characterized the results as impressive even after the firm had already raised its estimates.
Dividend policy remains notable: Patrick Industries has paid a dividend for eight consecutive years and has increased that payout for seven consecutive years. Separately, InvestingPro analysis indicates the shares are currently trading above their Fair Value and that more than 10 additional ProTips are available for investors seeking further financial detail on the manufacturer.
Taken together, the insider sale, recent operating results, and analyst reactions form the latest public signals about Patrick Industries. The Form 4 filing documents the precise transaction details, while quarterly performance and analyst commentary provide context on how the market and research community are interpreting recent company performance.