Mohawk Industries, Inc. (NYSE:MHK – Get Free Report) VP Rodney David Patton sold 755 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $162.78, for a total transaction of $122,898.90. Following the completion of the sale, the vice president now directly owns 12,299 shares of the company’s stock, valued at approximately $2,002,031.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Mohawk Industries Stock Down 0.4 %
MHK traded down $0.60 during trading on Tuesday, hitting $162.10. The company had a trading volume of 1,133,904 shares, compared to its average volume of 726,995. The company has a market capitalization of $10.35 billion, a PE ratio of -24.79, a PEG ratio of 1.88 and a beta of 1.38. Mohawk Industries, Inc. has a one year low of $76.02 and a one year high of $163.84. The firm’s 50-day moving average price is $119.76 and its 200 day moving average price is $116.95. The company has a quick ratio of 1.04, a current ratio of 1.92 and a debt-to-equity ratio of 0.22.
Mohawk Industries (NYSE:MHK – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.75 by $0.25. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Mohawk Industries had a negative net margin of 3.30% and a positive return on equity of 8.07%. The firm’s revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.76 EPS. As a group, equities analysts expect that Mohawk Industries, Inc. will post 9.49 earnings per share for the current year.
Analysts Set New Price Targets
View Our Latest Stock Report on Mohawk Industries
Institutional Investors Weigh In On Mohawk Industries
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MHK. Norges Bank acquired a new stake in Mohawk Industries in the 4th quarter valued at $68,050,000. Dimensional Fund Advisors LP increased its stake in shares of Mohawk Industries by 14.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,459,303 shares of the company’s stock worth $254,543,000 after purchasing an additional 317,278 shares during the last quarter. ARGA Investment Management LP increased its stake in shares of Mohawk Industries by 50.8% during the 4th quarter. ARGA Investment Management LP now owns 500,159 shares of the company’s stock worth $51,766,000 after purchasing an additional 168,401 shares during the last quarter. Brandes Investment Partners LP increased its stake in shares of Mohawk Industries by 22.4% during the 4th quarter. Brandes Investment Partners LP now owns 816,138 shares of the company’s stock worth $84,470,000 after purchasing an additional 149,370 shares during the last quarter. Finally, Townsend & Associates Inc increased its stake in shares of Mohawk Industries by 104.7% during the 4th quarter. Townsend & Associates Inc now owns 256,266 shares of the company’s stock worth $25,004,000 after purchasing an additional 131,076 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.
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.
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