Mohawk Industries Director Sells $3,912,100 in Stock (MHK)
Mohawk Industries (NYSE:MHK) Director Cock Frans Georges De sold 29,000 shares of the stock on the open market in a transaction dated Monday, August 11th. The shares were sold at an average price of $134.90, for a total transaction of $3,912,100.00. Following the completion of the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $539,600. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Mohawk Industries (NYSE:MHK) traded down 0.84% on Tuesday, hitting $133.45. The stock had a trading volume of 429,215 shares. Mohawk Industries has a 52 week low of $115.99 and a 52 week 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 $9.720 billion and a P/E 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.
A number of analysts have recently weighed in on MHK shares. 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 issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus 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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