Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne L. Helen sold 26,316 shares of Mohawk Industries stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $152.10, for a total transaction of $4,002,663.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mohawk Industries stock traded down $0.09 during mid-day trading on Friday, reaching $152.03. The company’s stock had a trading volume of 817,749 shares, compared to its average volume of 828,137. Mohawk Industries, Inc. has a 12-month low of $108.93 and a 12-month high of $156.60. The company has a market capitalization of $10.65 billion, a P/E ratio of 12.33, a PEG ratio of 1.99 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.77 and a current ratio of 1.52. The firm’s fifty day moving average price is $130.06 and its two-hundred day moving average price is $133.44.
Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, October 24th. The company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.11. Mohawk Industries had a net margin of 7.09% and a return on equity of 9.82%. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the business earned $3.29 EPS. Mohawk Industries’s revenue was down 1.8% compared to the same quarter last year. On average, research analysts predict that Mohawk Industries, Inc. will post 9.97 EPS for the current fiscal year.
A number of research firms recently commented on MHK. Stifel Nicolaus lifted their price target on shares of Mohawk Industries from $145.00 to $165.00 in a report on Monday, October 28th. Robert W. Baird lifted their price target on shares of Mohawk Industries from $150.00 to $168.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Buckingham Research raised shares of Mohawk Industries from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $115.00 to $117.00 in a report on Tuesday, July 30th. JPMorgan Chase & Co. lowered their price target on shares of Mohawk Industries from $130.00 to $118.00 and set an “underweight” rating on the stock in a report on Monday, July 29th. Finally, Zacks Investment Research lowered shares of Mohawk Industries from a “hold” rating to a “sell” rating and set a $131.00 price objective for the company. in a research note on Thursday, August 1st. Five research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $140.20.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Architects Inc grew its position in shares of Mohawk Industries by 86.2% during the 3rd quarter. Financial Architects Inc now owns 7,235 shares of the company’s stock valued at $898,000 after purchasing an additional 3,350 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Mohawk Industries by 2.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 317,681 shares of the company’s stock valued at $39,414,000 after purchasing an additional 7,249 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Mohawk Industries by 539.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,613 shares of the company’s stock valued at $449,000 after purchasing an additional 3,048 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Mohawk Industries by 26.7% during the 3rd quarter. SG Americas Securities LLC now owns 7,079 shares of the company’s stock valued at $878,000 after purchasing an additional 1,491 shares in the last quarter. Finally, Creative Planning grew its position in shares of Mohawk Industries by 10.5% during the 3rd quarter. Creative Planning now owns 3,534 shares of the company’s stock valued at $438,000 after purchasing an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 83.26% of the company’s stock.
Mohawk Industries Company Profile
Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).
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