Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) insider Suzanne L. Helen sold 2,500 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $120.60, for a total value of $301,500.00. Following the sale, the insider directly owned 91,084 shares in the company, valued at $10,984,730.40. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Mohawk Industries Stock Performance
NYSE MHK traded up $2.13 during trading hours on Friday, hitting $116.64. The company had a trading volume of 939,439 shares, compared to its average volume of 900,759. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.18 and a current ratio of 2.13. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $164.29. The company has a market cap of $7.25 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 2.54 and a beta of 1.28. The business has a 50 day moving average of $107.39 and a 200-day moving average of $111.21.
Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.15. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.00 earnings per share. As a group, equities research analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on MHK shares. Barclays raised their target price on Mohawk Industries from $111.00 to $125.00 and gave the company an "equal weight" rating in a research report on Monday, July 28th. Wall Street Zen cut Mohawk Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. raised their price target on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Wells Fargo & Company raised their target price on shares of Mohawk Industries from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Evercore ISI decreased their target price on shares of Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating on the stock in a research note on Monday, July 28th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $140.14.
Check Out Our Latest Analysis on Mohawk Industries
Hedge Funds Weigh In On Mohawk Industries
Institutional investors and hedge funds have recently modified their holdings of the company. Federated Hermes Inc. lifted its stake in shares of Mohawk Industries by 326.3% during the first quarter. Federated Hermes Inc. now owns 243 shares of the company's stock valued at $28,000 after buying an additional 186 shares during the period. Resona Asset Management Co. Ltd. purchased a new position in Mohawk Industries during the fourth quarter worth approximately $41,000. Brooklyn Investment Group raised its stake in Mohawk Industries by 2,506.3% during the first quarter. Brooklyn Investment Group now owns 417 shares of the company's stock worth $48,000 after purchasing an additional 401 shares during the period. Huntington National Bank raised its stake in Mohawk Industries by 27.4% during the fourth quarter. Huntington National Bank now owns 554 shares of the company's stock worth $66,000 after purchasing an additional 119 shares during the period. Finally, Allworth Financial LP raised its stake in Mohawk Industries by 36.2% during the first quarter. Allworth Financial LP now owns 595 shares of the company's stock worth $65,000 after purchasing an additional 158 shares during the period. Hedge funds and other institutional investors own 78.98% of the company's stock.
Mohawk Industries Company Profile
(
Get Free Report)
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.
See Also

Before you consider Mohawk Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mohawk Industries wasn't on the list.
While Mohawk Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.