The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Mon Aug 22, 2016
Patrick Industries Inc. President Andy Nemeth sold 4,000 shares of the firm’s stock in a transaction on Thursday, Aug. 18.
The stock was sold at an average price of $65.04, for a total transaction of $260,160. Following the completion of the sale, the president now owns 68,010 shares in the company, valued at about $4.42 million. The sale was disclosed in a document filed with the Securities & Exchange Commission.
Shares of Patrick Industries Inc. opened at 65.13 on Friday. The firm has a market cap of $998.12 million and a P/E ratio of 20.08. Patrick Industries Inc. has a 1-year low of $29.28 and a 1-year high of $69.53. The firm’s 50-day moving average is $63.73 and its 200-day moving average is $50.93.