Patrick’s Stock Nearly Triples in 2012

IndyStar reports two-thirds of nearly 50 Indiana public companies traded on large exchanges finished last year with higher stock prices than at the beginning of the year. Included is Elkhart-based Patrick Industries (PATK) whose stock price more than tripled, going from $4.30 to $15.56 a share. Julie Ann Kotowski, director of financial reporting and investor relations, says the increase may be due to improved operations. As MHProNews reported Oct. 30, 2012, Patrick, which provides components to the MH and RV industries, acquired cabinet door maker Middlebury Hardwood Products of Ind. for $20.3 million, one of four acquisitions in 2012. Patrick’s stock closed +0.48% at $16.60 Jan. 4.

(Image credit: Patrick Industries, Inc.)

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