Mohawk Industries, Inc. (NYSE:MHK) Insider Sells $419,580.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Bernard Thiers sold 2,800 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $149.85, for a total transaction of $419,580.00. Following the sale, the insider now directly owns 43,559 shares of the company’s stock, valued at $6,527,316.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE MHK traded down $0.40 during trading hours on Friday, reaching $150.21. The stock had a trading volume of 5,859 shares, compared to its average volume of 734,002. The firm has a market cap of $10.79 billion, a P/E ratio of 12.21, a P/E/G ratio of 2.74 and a beta of 1.42. Mohawk Industries, Inc. has a 52-week low of $109.35 and a 52-week high of $228.49. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 0.20.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, April 25th. The company reported $2.13 EPS for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.06. Mohawk Industries had a return on equity of 11.36% and a net margin of 7.73%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the firm earned $3.01 earnings per share. Mohawk Industries’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, research analysts expect that Mohawk Industries, Inc. will post 10.7 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Norinchukin Bank The boosted its position in Mohawk Industries by 0.7% in the 1st quarter. Norinchukin Bank The now owns 11,664 shares of the company’s stock worth $1,471,000 after purchasing an additional 81 shares in the last quarter. Comerica Bank boosted its position in Mohawk Industries by 0.8% in the 4th quarter. Comerica Bank now owns 12,351 shares of the company’s stock worth $1,569,000 after purchasing an additional 92 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Mohawk Industries by 4.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,114 shares of the company’s stock worth $247,000 after purchasing an additional 95 shares in the last quarter. Parallel Advisors LLC boosted its position in Mohawk Industries by 28.0% in the 1st quarter. Parallel Advisors LLC now owns 452 shares of the company’s stock worth $57,000 after purchasing an additional 99 shares in the last quarter. Finally, TD Asset Management Inc. boosted its position in Mohawk Industries by 0.6% in the 1st quarter. TD Asset Management Inc. now owns 18,469 shares of the company’s stock worth $2,330,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 80.66% of the company’s stock.

A number of brokerages have recently issued reports on MHK. Loop Capital boosted their target price on shares of Mohawk Industries to $145.00 and gave the company a “hold” rating in a research note on Friday. Zacks Investment Research lowered shares of Mohawk Industries from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd. Stifel Nicolaus raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and boosted their target price for the company from $135.00 to $180.00 in a research note on Wednesday, May 15th. Finally, ValuEngine raised shares of Mohawk Industries from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 15th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Mohawk Industries currently has an average rating of “Hold” and a consensus target price of $150.41.

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Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

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Insider Buying and Selling by Quarter for Mohawk Industries (NYSE:MHK)

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