Patrick Industries Director Buys $1.1M in Stock

Insider purchase represents 7.35% increase in director's ownership stake

Mar. 13, 2026 at 2:20am

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Patrick Industries, Inc. (NASDAQ:PATK) Director M Scott Welch acquired 10,000 shares of the company's stock in a transaction on Thursday, March 12th. The shares were purchased at an average cost of $113.68 per share, for a total transaction value of $1,136,800.00. Following the acquisition, the director now directly owns 146,000 shares in the company, valued at approximately $16,597,280.

Why it matters

Insider purchases can be a positive signal for investors, as they indicate the director's confidence in the company's future prospects. Patrick Industries is a leading manufacturer and distributor of components for the recreational vehicle, manufactured housing, marine, and industrial markets.

The details

Welch's purchase represents a 7.35% increase in his ownership stake in Patrick Industries. The company's stock has traded in a range of $72.99 to $148.50 over the past 52 weeks, and is currently valued at a market capitalization of $3.76 billion.

  • The transaction occurred on Thursday, March 12th, 2026.

The players

M Scott Welch

Director of Patrick Industries, Inc.

Patrick Industries, Inc.

A leading manufacturer and distributor of components for the recreational vehicle, manufactured housing, marine, and industrial markets.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

This insider purchase by a Patrick Industries director suggests confidence in the company's future performance and growth prospects within its key markets.