Mohawk Industries, Inc. (NYSE:MHK) Insider Sells $504,440.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne L. Helen sold 4,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $126.11, for a total value of $504,440.00. Following the completion of the sale, the insider now directly owns 104,084 shares of the company’s stock, valued at approximately $13,126,033.24. This trade represents a 3.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $116.82 on Friday. The stock has a market capitalization of $7.37 billion, a P/E ratio of 13.23, a P/E/G ratio of 1.45 and a beta of 1.38. Mohawk Industries, Inc. has a 12-month low of $96.28 and a 12-month high of $164.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. The firm’s 50-day moving average is $139.85 and its two-hundred day moving average is $138.83.

Institutional Trading of Mohawk Industries

A number of hedge funds have recently bought and sold shares of MHK. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Mohawk Industries during the 3rd quarter worth $36,000. Quest Partners LLC lifted its position in Mohawk Industries by 40.0% during the second 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. Wilmington Savings Fund Society FSB purchased a new position in Mohawk Industries during the third quarter worth about $55,000. Blue Trust Inc. boosted its stake in Mohawk Industries by 85.6% in the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after buying an additional 167 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in Mohawk Industries in the 3rd quarter valued at about $61,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on MHK. Royal Bank of Canada reduced their price objective on shares of Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Loop Capital reduced their price target on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. Barclays lowered their price target on Mohawk Industries from $146.00 to $141.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Robert W. Baird raised Mohawk Industries from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Finally, StockNews.com lowered Mohawk Industries from a “buy” rating to a “hold” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $159.17.

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.