John A. Forbes, a director at Patrick Industries, reported a sale of 2,704 shares of the companys common stock on February 6, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The trade was executed at a weighted average price of $140.7504 and produced proceeds of $380,589.
The reported sale price for the individual shares ranged between $140.59 and $141.00. After the disposition, Forbes is recorded as directly owning 49,272 shares of Patrick Industries.
That insider movement arrives in the wake of Patrick Industries releasing its fourth-quarter 2025 results, which topped market expectations on both the bottom and top lines. The company posted adjusted earnings per share of $0.84, ahead of the $0.72 consensus. Revenue for the quarter was reported at $924.17 million, exceeding the anticipated $858.62 million.
Analysts responded to the quarterly outperformance with upward revisions to their price targets. Benchmark increased its price target to $150 while retaining a Buy rating, citing a clean beat across sales, adjusted EBITDA, and EPS metrics. BMO Capital also raised its price objective to $155 from $140 while maintaining an Outperform rating; the BMO analyst noted that the fourth-quarter results were stronger than expected, even after earlier estimate adjustments.
These developments - the director's sale and the strong quarterly performance accompanied by higher analyst price targets - provide investors with both corporate action and updated sell-side perspectives to consider. The Form 4 documents the specific share count, price range, and remaining direct ownership for Forbes, while the quarterly disclosures supply the concrete financial figures and the subsequent analyst responses.
Context and implications
The Form 4 filing offers a straightforward record of the director's sale: quantity, timing, price details, proceeds, and post-transaction ownership. Separately, the companys fourth-quarter performance and the reactions from Benchmark and BMO Capital are concrete, reported facts that reflect recent market assessments of Patrick Industries following the quarter.
Where the public record is limited, the filing does not provide a rationale for the sale, and the earnings disclosure covers only the fourth quarter of 2025. Observers must therefore rely on the documented figures and analyst commentary as reported.