Todd Cleveland - Patrick Industries CEO and Director
| PATK Stock | USD 135.45 2.19 1.64% |
CEO
Mr. Todd M. Cleveland is Chairman of the Board, Chief Executive Officer of the Company. Mr. Cleveland was our Chairman of the Board since May 2018 and our Chief Executive Officer since February 2009. Mr. Cleveland was President of the Company from May 2008 to December 2015, and Chief Operating Officer of the Company from May 2008 to March 2013. Prior to that, he served as Executive Vice President of Operations and Sales and Chief Operating Officer of the Company from August 2007 to May 2008. Mr. Cleveland also spent 17 years with Adorn Holdings, Inc. serving as President and Chief Executive Officer from 2004 to 2007 President and Chief Operating Officer from 1998 to 2004 and Vice President of Operations and Chief Operating Officer from 1994 to 1998. Mr. Cleveland has served as a director of IES Holdings, Inc. since February 2017. Mr. Cleveland has over 28 years of recreational vehicle, manufactured housing and industrial experience in various operating capacities. He also has extensive knowledge of our Company and the industries to which we sell our products, and experience with management development and leadership, acquisitions, strategic planning, manufacturing, and sales of our products. He has served as a director of the Company since 2008. since 2018.
| Age | 56 |
| Tenure | 6 years |
| Address | 107 West Franklin Street, Elkhart, IN, United States, 46515 |
| Phone | 574 294 7511 |
| Web | https://ir.patrickind.com |
Todd Cleveland Latest Insider Activity
Tracking and analyzing the buying and selling activities of Todd Cleveland against Patrick Industries stock is an integral part of due diligence when investing in Patrick Industries. Todd Cleveland insider activity provides valuable insight into whether Patrick Industries is net buyers or sellers over its current business cycle. Note, Patrick Industries insiders must abide by specific rules, including filing SEC forms every time they buy or sell Patrick Industries'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Todd Cleveland over two months ago Disposition of 7500 shares by Todd Cleveland of Patrick Industries at 131.0512 subject to Rule 16b-3 | ||
Todd Cleveland over six months ago Disposition of 2931 shares by Todd Cleveland of IES Holdings at 116.15 subject to Rule 16b-3 |
Patrick Industries Management Efficiency
The company has return on total asset (ROA) of 0.0597 % which means that it generated a profit of $0.0597 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1432 %, meaning that it created $0.1432 on every $100 dollars invested by stockholders. Patrick Industries' management efficiency ratios could be used to measure how well Patrick Industries manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Patrick Industries' Return On Tangible Assets are quite stable compared to the past year. Return On Assets is expected to rise to 0.06 this year, although the value of Return On Capital Employed will most likely fall to 0.07. At this time, Patrick Industries' Total Current Liabilities is quite stable compared to the past year. Liabilities And Stockholders Equity is expected to rise to about 2.7 B this year, although the value of Non Current Liabilities Other will most likely fall to about 10.5 M.Similar Executives
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Management Performance
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.0597 |
Patrick Industries Leadership Team
Elected by the shareholders, the Patrick Industries' board of directors comprises two types of representatives: Patrick Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Patrick. The board's role is to monitor Patrick Industries' management team and ensure that shareholders' interests are well served. Patrick Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Patrick Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jacob Petkovich, CFO, Officer | ||
| Attorney Duthie, Chief VP | ||
| Charlie Roeder, Executive Officer | ||
| Todd Cleveland, CEO and Director | ||
| Steve OHara, Vice Relations | ||
| Julie Kotowski, Director Relations | ||
| Hugo Gonzalez, Executive Officer | ||
| Andy Nemeth, CEO Director | ||
| Matthew Filer, Senior Controller | ||
| Stacey Amundson, Executive Officer | ||
| Andy Roeder, Executive CFO | ||
| Jeffrey Rodino, COO and Executive VP of Sales | ||
| Andrew Roeder, Executive CFO | ||
| Todd Gongwer, Executive Culture | ||
| Doyle Stump, Executive Innovation | ||
| Kip Ellis, Executive Vice President - Operations, COO |
Patrick Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Patrick Industries a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.0597 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 4.58 B | ||||
| Shares Outstanding | 22.4 M | ||||
| Shares Owned By Insiders | 4.57 % | ||||
| Shares Owned By Institutions | 95.43 % | ||||
| Number Of Shares Shorted | 1.41 M | ||||
| Price To Earning | 3.85 X |
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Is Building Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patrick Industries. If investors know Patrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patrick Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.01) | Dividend Share 2.2 | Earnings Share 6.96 | Revenue Per Share 168.682 | Quarterly Revenue Growth 0.062 |
The market value of Patrick Industries is measured differently than its book value, which is the value of Patrick that is recorded on the company's balance sheet. Investors also form their own opinion of Patrick Industries' value that differs from its market value or its book value, called intrinsic value, which is Patrick Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patrick Industries' market value can be influenced by many factors that don't directly affect Patrick Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patrick Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patrick Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patrick Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.