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

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction on 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 sale, the insider now owns 93,584 shares in the company, valued at $10,616,168.96. This represents a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Mohawk Industries Stock Up 3.1 %

Shares of NYSE:MHK opened at $114.39 on Friday. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.44 and a beta of 1.44. The firm’s 50-day simple moving average is $120.57 and its 200-day simple moving average is $135.26. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a fifty-two week low of $104.88 and a fifty-two week high of $164.29.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on MHK. Robert W. Baird cut their price target on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Raymond James reiterated a “strong-buy” rating and set a $165.00 price target (down from $185.00) on shares of Mohawk Industries in a research note on Monday, February 10th. Wells Fargo & Company cut their price target on shares of Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. The Goldman Sachs Group cut their price target on shares of Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Mohawk Industries has a consensus rating of “Moderate Buy” and an average price target of $146.92.

Institutional Trading of Mohawk Industries

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

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.