Mohawk Industries, Inc. (NYSE:MHK) Insider Sells $102,879.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne L. Helen sold 700 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $146.97, for a total transaction of $102,879.00. Following the completion of the sale, the insider now owns 121,669 shares in the company, valued at $17,881,692.93. The transaction was disclosed in a filing with the SEC, which is available through this link.

Mohawk Industries Stock Performance

NYSE:MHK opened at $144.28 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.92. Mohawk Industries, Inc. has a fifty-two week low of $76.02 and a fifty-two week high of $164.05. The firm has a market cap of $9.21 billion, a PE ratio of -22.06, a price-to-earnings-growth ratio of 1.23 and a beta of 1.38. The business has a 50 day moving average price of $125.44 and a 200-day moving average price of $120.07.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, July 25th. The company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.25. Mohawk Industries had a negative net margin of 3.30% and a positive return on equity of 8.07%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the prior year, the company posted $2.76 EPS. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. Equities research analysts predict that Mohawk Industries, Inc. will post 9.9 earnings per share for the current year.

Institutional Investors Weigh In On Mohawk Industries

Large investors have recently made changes to their positions in the business. XTX Topco Ltd bought a new stake in shares of Mohawk Industries during the second quarter valued at approximately $235,000. Seven Eight Capital LP purchased a new position in Mohawk Industries during the second quarter valued at $1,317,000. Hsbc Holdings PLC boosted its holdings in shares of Mohawk Industries by 36.9% during the 2nd quarter. Hsbc Holdings PLC now owns 68,876 shares of the company’s stock valued at $7,763,000 after buying an additional 18,562 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Mohawk Industries by 18.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,260 shares of the company’s stock worth $484,000 after buying an additional 661 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Mohawk Industries by 10.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,036,545 shares of the company’s stock worth $344,903,000 after acquiring an additional 292,661 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MHK has been the subject of several research analyst reports. Loop Capital lifted their price objective on Mohawk Industries from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. boosted their price objective on Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Barclays raised their target price on shares of Mohawk Industries from $118.00 to $161.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. The Goldman Sachs Group boosted their price target on shares of Mohawk Industries from $141.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, Robert W. Baird raised their price objective on shares of Mohawk Industries from $132.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mohawk Industries has a consensus rating of “Moderate Buy” and an average price target of $156.00.

About Mohawk Industries

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.