Mohawk Industries CFO Frank H. Boykin Sells 1,025 Shares (MHK)
Mohawk Industries (NYSE:MHK) CFO Frank H. Boykin unloaded 1,025 shares of Mohawk Industries stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $135.00, for a total transaction of $138,375.00. Following the transaction, the chief financial officer now directly owns 30,005 shares of the company’s stock, valued at approximately $4,050,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Mohawk Industries (NYSE:MHK) traded down 0.18% on Tuesday, hitting $134.34. The stock had a trading volume of 190,627 shares. Mohawk Industries has a one year low of $115.99 and a one year high of $155.48. The stock’s 50-day moving average is $132.4 and its 200-day moving average is $136.. The company has a market cap of $9.785 billion and a price-to-earnings ratio of 22.03.
Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, July 31st. The company reported $2.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.20 by $0.01. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the company posted $1.84 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts predict that Mohawk Industries will post $8.17 earnings per share for the current fiscal year.
MHK has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Mohawk Industries in a research note on Monday, August 4th. They now have a $163.00 price target on the stock, down previously from $164.00. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $162.17.
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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