Mohawk Industries Insider Unloads $271,620 in Stock (MHK)
Mohawk Industries (NYSE:MHK) Insider Brian Carson unloaded 2,012 shares of Mohawk Industries stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $135.00, for a total value of $271,620.00. Following the completion of the transaction, the insider now directly owns 25,523 shares of the company’s stock, valued at approximately $3,445,605. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Mohawk Industries has an average rating of “Buy” and a consensus price target of $162.17.
Mohawk Industries (NYSE:MHK) traded up 2.87% on Thursday, hitting $139.92. The stock had a trading volume of 1,143,230 shares. Mohawk Industries has a 52 week low of $115.99 and a 52 week high of $155.48. The stock has a 50-day moving average of $132.5 and a 200-day moving average of $136.5. The company has a market cap of $10.191 billion and a P/E ratio of 22.26.
Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.21 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.84 earnings per share. Mohawk Industries’s revenue was up 3.6% compared to the same quarter last year. On average, analysts predict that Mohawk Industries will post $8.17 earnings per share 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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