Mohawk Industries CFO Unloads $678,240 in Stock (MHK)
Mohawk Industries (NYSE:MHK) CFO Frank H. Boykin sold 4,800 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $141.30, for a total transaction of $678,240.00. Following the completion of the transaction, the chief financial officer now directly owns 24,259 shares of the company’s stock, valued at approximately $3,427,797. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Mohawk Industries from $160.00 to $165.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Mohawk Industries from a “strong-buy” rating to a “market perform” rating in a research note on Friday, February 21st. They now have a $160.00 price target on the stock. Finally, analysts at Raymond James downgraded shares of Mohawk Industries from a “strong-buy” rating to a “market perform” rating in a research note on Friday, February 21st. They now have a $160.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $161.71.
Shares of Mohawk Industries (NYSE:MHK) traded up 0.45% on Thursday, hitting $144.00. The stock had a trading volume of 458,162 shares. Mohawk Industries has a 52-week low of $103.74 and a 52-week high of $155.48. The stock’s 50-day moving average is $144.6 and its 200-day moving average is $135.9. The company has a market cap of $10.462 billion and a price-to-earnings ratio of 29.73.
Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.04. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.92 billion. Analysts expect that Mohawk Industries will post $8.24 EPS for the current fiscal year.
Mohawk Industries, Inc (NYSE:MHK) is a producer of floor covering products for residential and commercial applications in the United States and residential applications in Europe.
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