Insider Selling: Mohawk Industries, Inc. (NYSE:MHK) Insider Sells $1,187,947.08 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne L. Helen sold 9,078 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total value of $1,187,947.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Mohawk Industries Price Performance

NYSE:MHK opened at $127.81 on Friday. The stock has a market cap of $8.07 billion, a P/E ratio of 14.47, a PEG ratio of 1.45 and a beta of 1.38. Mohawk Industries, Inc. has a one year low of $96.28 and a one year high of $164.29. The company has a fifty day moving average price of $142.63 and a 200 day moving average price of $138.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Baird R W upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Royal Bank of Canada lowered their price target on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Loop Capital lowered their target price on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. Wells Fargo & Company upgraded Mohawk Industries from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $140.00 to $160.00 in a research note on Monday, October 7th. Finally, Barclays cut their target price on Mohawk Industries from $146.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.25.

Institutional Trading of Mohawk Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quest Partners LLC boosted its holdings in shares of Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after buying an additional 84 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new position in Mohawk Industries during the third quarter worth about $36,000. Headlands Technologies LLC acquired a new stake in Mohawk Industries in the second quarter valued at approximately $50,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Mohawk Industries during the third quarter worth about $55,000. Finally, Blue Trust Inc. raised its stake in shares of Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after acquiring an additional 167 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

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.