Top Buys by Directors: Cleveland's $1.2M Bet on PATK

Core Insights - Directors of companies often have valuable insights into their businesses, and significant insider purchases can indicate their confidence in the company's future performance [1] - Todd M. Cleveland, a director at Patrick Industries Inc, made notable insider purchases totaling $1.2 million over two transactions [1] Summary by Sections Insider Purchases - Todd M. Cleveland purchased 11,000 shares at $86.57 for a total of $952,259 on May 19, 2025, and 3,000 shares at $82.62 for $247,850 on June 3, 2025, averaging $85.72 per share [2] - The current trading price of Patrick Industries Inc shares is $109.36, reflecting a decrease of about 0.9% [2] Stock Performance - The 52-week range for Patrick Industries Inc shares is between $72.99 and $116.78, with the last trade at $109.36 [4] Dividends - Patrick Industries Inc pays an annualized dividend of $1.6 per share, distributed quarterly, with the most recent ex-dividend date on August 25, 2025 [5] - The current dividend yield is approximately 1.4% [5]