Patrick Industries COO Sells Over $1.5M in Shares

Hugo Gonzalez, the Chief Operating Officer of Patrick Industries, sold 13,514 shares of the company's stock.

Mar. 14, 2026 at 11:57am

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Patrick Industries, Inc. (NASDAQ:PATK) COO Hugo Gonzalez sold 13,514 shares of the company's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $113.10, resulting in a total transaction of $1,528,433.40. Following the sale, Gonzalez still owns 33,864 shares in the company, valued at $3,830,018.40.

Why it matters

This insider sale represents a significant decrease in Gonzalez's ownership stake in Patrick Industries, a leading manufacturer and distributor of components for the recreational vehicle, manufactured housing, marine, and industrial markets. Insider transactions can provide insights into management's views on the company's prospects.

The details

Gonzalez's sale of 13,514 shares represents a 28.52% decrease in his ownership of Patrick Industries stock. The company's shares opened at $114.31 on the day of the transaction. Patrick Industries has a market cap of $3.80 billion and a P/E ratio of 29.24. The company's stock has traded between $72.99 and $148.50 over the past 52 weeks.

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

The players

Hugo Gonzalez

The Chief Operating Officer 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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The takeaway

This insider sale by Patrick Industries' COO suggests he may be less bullish on the company's short-term prospects, though the company continues to perform well overall. Investors will likely watch for any further insider transactions as a signal of management's views on the business.