Mohawk Industries, Inc. (NYSE:MHK – Get Rating) insider Suzanne L. Helen sold 2,700 shares of the business’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $116.40, for a total transaction of $314,280.00. Following the sale, the insider now directly owns 14,353 shares in the company, valued at $1,670,689.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Mohawk Industries Price Performance
Shares of Mohawk Industries stock traded down $2.09 during trading hours on Friday, reaching $113.93. The stock had a trading volume of 857,820 shares, compared to its average volume of 627,095. The stock’s 50 day moving average is $111.18 and its 200 day moving average is $106.37. The firm has a market capitalization of $7.24 billion, a PE ratio of 386.73, a PEG ratio of 2.86 and a beta of 1.28. Mohawk Industries, Inc. has a twelve month low of $87.01 and a twelve month high of $159.00. The company has a current ratio of 1.92, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25.
Mohawk Industries (NYSE:MHK – Get Rating) last issued its quarterly earnings data on Friday, February 10th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.03. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.69 billion. Mohawk Industries had a net margin of 0.22% and a return on equity of 10.06%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.95 earnings per share. Equities analysts expect that Mohawk Industries, Inc. will post 9.22 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in shares of Mohawk Industries in the fourth quarter worth about $27,000. Gyon Technologies Capital Management LP acquired a new position in shares of Mohawk Industries during the 4th quarter worth about $30,000. Ronald Blue Trust Inc. raised its position in shares of Mohawk Industries by 438.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 291 shares of the company’s stock worth $36,000 after purchasing an additional 237 shares during the last quarter. Sentry Investment Management LLC raised its position in shares of Mohawk Industries by 75.6% during the 4th quarter. Sentry Investment Management LLC now owns 339 shares of the company’s stock worth $35,000 after purchasing an additional 146 shares during the last quarter. Finally, Wipfli Financial Advisors LLC acquired a new position in shares of Mohawk Industries during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 75.85% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on MHK. Loop Capital boosted their price objective on shares of Mohawk Industries from $95.00 to $110.00 and gave the company a “hold” rating in a report on Monday, January 23rd. Credit Suisse Group dropped their price objective on shares of Mohawk Industries to $109.00 in a report on Thursday, October 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mohawk Industries from $104.00 to $121.00 and gave the company a “hold” rating in a report on Tuesday, January 10th. Finally, Barclays boosted their price objective on shares of Mohawk Industries from $83.00 to $105.00 and gave the company an “underweight” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $132.50.
Mohawk Industries Company Profile
Mohawk Industries, Inc engages in the manufacture, design, and distribution of residential and commercial flooring products. It operates through the following segments: Global Ceramic, Flooring North America (NA), and Flooring Rest of the World (ROW). The Global Ceramic segment manufactures ceramic, porcelain, and natural stone tile products used for wall and floor applications.