Insider Selling: Brian Carson Sells 2,012 Shares of Mohawk Industries Stock (MHK)
Mohawk Industries (NYSE:MHK) Insider Brian Carson sold 2,012 shares of the company’s stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $135.00, for a total transaction of $271,620.00. Following the transaction, the insider now directly owns 25,523 shares in the company, valued at approximately $3,445,605. The sale was disclosed in a filing with the SEC, which is available at this link.
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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $162.17.
Mohawk Industries (NYSE:MHK) opened at 139.39 on Monday. 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 $132.6 and its 200-day moving average is $136.5. The company has a market cap of $10.153 billion and a P/E ratio of 22.90.
Mohawk Industries (NYSE:MHK) last posted its quarterly 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. Analysts expect that Mohawk Industries will post $8.17 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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