Mohawk Industries COO Sells $1,385,246 in Stock (MHK)
Mohawk Industries (NYSE:MHK) COO Chistopher Wellborn sold 9,501 shares of Mohawk Industries stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $145.80, for a total value of $1,385,245.80. Following the completion of the transaction, the chief operating officer now directly owns 219,923 shares of the company’s stock, valued at approximately $32,064,773. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Mohawk Industries (NYSE:MHK) traded down 0.27% on Thursday, hitting $145.53. 477,566 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’s 50-day moving average is $134.5 and its 200-day moving average is $136.. The company has a market cap of $10.600 billion and a P/E ratio of 23.89.
Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data 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 $8.18 earnings per share for the current fiscal year.
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 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’s stock. The stock 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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