Mohawk Industries Insider Bernard Thiers Unloads 2,000 Shares (MHK)
Mohawk Industries (NYSE:MHK) Insider Bernard Thiers sold 2,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $145.67, for a total value of $291,340.00. Following the completion of the sale, the insider now directly owns 21,706 shares in the company, valued at approximately $3,161,913. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Mohawk Industries (NYSE:MHK) traded down 0.44% during mid-day trading on Tuesday, hitting $146.06. 764,916 shares of the company’s stock traded hands. 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 $134.0 and a 200-day moving average of $136.6. The company has a market cap of $10.638 billion and a P/E ratio of 24.01.
Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, July 31st. The company reported $2.21 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.84 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that Mohawk Industries will post $8.18 EPS 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 investment 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. 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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