Mohawk Industries, Inc. (MHK) VP Sells $33,808.86 in Stock
Mohawk Industries, Inc. (NYSE:MHK) VP Rodney David Patton sold 137 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $246.78, for a total transaction of $33,808.86. Following the completion of the sale, the vice president now owns 6,924 shares in the company, valued at $1,708,704.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Rodney David Patton also recently made the following trade(s):
- On Friday, June 16th, Rodney David Patton sold 387 shares of Mohawk Industries stock. The shares were sold at an average price of $242.00, for a total transaction of $93,654.00.
Shares of Mohawk Industries, Inc. (NYSE MHK) traded up 1.28% during mid-day trading on Monday, reaching $248.57. 443,885 shares of the company’s stock were exchanged. The stock’s market cap is $18.48 billion. Mohawk Industries, Inc. has a 52 week low of $175.52 and a 52 week high of $252.89. The stock has a 50 day moving average price of $245.96 and a 200 day moving average price of $234.13.
Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, July 27th. The company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.12. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.45 billion. Mohawk Industries had a return on equity of 16.45% and a net margin of 10.54%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.47 EPS. Equities research analysts predict that Mohawk Industries, Inc. will post $13.52 EPS for the current year.
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Several brokerages recently issued reports on MHK. Zacks Investment Research lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. MKM Partners restated a “buy” rating and issued a $286.00 price objective (up from $255.00) on shares of Mohawk Industries in a report on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $291.00 price objective on shares of Mohawk Industries in a report on Monday, July 31st. BidaskClub lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Finally, Credit Suisse Group began coverage on shares of Mohawk Industries in a report on Thursday, June 22nd. They issued an “outperform” rating and a $274.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Mohawk Industries has a consensus rating of “Buy” and an average target price of $266.64.
Several institutional investors have recently added to or reduced their stakes in MHK. Vanguard Group Inc. raised its position in Mohawk Industries by 3.3% in the second quarter. Vanguard Group Inc. now owns 6,184,173 shares of the company’s stock valued at $1,494,654,000 after buying an additional 196,996 shares in the last quarter. JPMorgan Chase & Co. raised its position in Mohawk Industries by 8.9% in the second quarter. JPMorgan Chase & Co. now owns 5,029,444 shares of the company’s stock valued at $1,215,567,000 after buying an additional 412,942 shares in the last quarter. BlackRock Inc. raised its position in Mohawk Industries by 5.8% in the second quarter. BlackRock Inc. now owns 4,575,453 shares of the company’s stock valued at $1,105,842,000 after buying an additional 250,944 shares in the last quarter. FMR LLC raised its position in Mohawk Industries by 3.9% in the second quarter. FMR LLC now owns 2,796,757 shares of the company’s stock valued at $675,948,000 after buying an additional 105,920 shares in the last quarter. Finally, Egerton Capital UK LLP raised its position in Mohawk Industries by 3.1% in the first quarter. Egerton Capital UK LLP now owns 1,432,719 shares of the company’s stock valued at $328,795,000 after buying an additional 42,925 shares in the last quarter. 76.50% of the stock is currently owned by institutional investors and hedge funds.
About Mohawk Industries
Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.
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