Suzanne L. Helen Sells 10,500 Shares of Mohawk Industries, Inc. (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne L. Helen sold 10,500 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the completion of the transaction, the insider now owns 93,584 shares in the company, valued at approximately $10,616,168.96. The trade was a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Mohawk Industries Stock Performance

Shares of MHK opened at $114.39 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The firm has a market cap of $7.16 billion, a PE ratio of 14.07, a P/E/G ratio of 1.44 and a beta of 1.44. Mohawk Industries, Inc. has a 12 month low of $104.88 and a 12 month high of $164.29. The stock has a fifty day moving average price of $120.51 and a 200-day moving average price of $134.85.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. Equities research analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Mohawk Industries in the 3rd quarter valued at $36,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Mohawk Industries in the third quarter valued at about $55,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Mohawk Industries in the fourth quarter worth about $41,000. True Wealth Design LLC acquired a new stake in shares of Mohawk Industries during the third quarter worth about $61,000. Finally, Versant Capital Management Inc boosted its position in Mohawk Industries by 71.0% in the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock valued at $64,000 after buying an additional 223 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Truist Financial dropped their target price on shares of Mohawk Industries from $155.00 to $148.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. The Goldman Sachs Group reduced their price objective on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Evercore ISI dropped their price target on Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. Bank of America decreased their price objective on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 10th. Finally, Barclays dropped their target price on shares of Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $146.92.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.