Mohawk Industries, Inc. (NYSE:MHK) Insider Sells $511,000.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) insider Suzanne L. Helen sold 4,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $127.75, for a total transaction of $511,000.00. Following the transaction, the insider now owns 108,084 shares of the company's stock, valued at approximately $13,807,731. The trade was a 3.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mohawk Industries Price Performance

NYSE:MHK traded down $2.01 during mid-day trading on Tuesday, hitting $124.70. 481,591 shares of the stock traded hands, compared to its average volume of 717,112. Mohawk Industries, Inc. has a 12-month low of $96.28 and a 12-month high of $164.29. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.87 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.45 and a beta of 1.38. The business's 50-day moving average price is $142.06 and its 200 day moving average price is $139.11.

Analyst Ratings Changes

Several brokerages have weighed in on MHK. Jefferies Financial Group increased their price objective on Mohawk Industries from $150.00 to $160.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Truist Financial dropped their price target on Mohawk Industries from $184.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Loop Capital lowered their price objective on Mohawk Industries from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Wednesday, December 4th. Robert W. Baird upgraded shares of Mohawk Industries from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $160.00 to $196.00 in a research report on Monday, October 21st. Finally, Barclays reduced their target price on shares of Mohawk Industries from $146.00 to $141.00 and set an "equal weight" rating for the company in a research note on Wednesday, December 11th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $159.17.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. raised its stake in Mohawk Industries by 8.8% in the third quarter. Meeder Asset Management Inc. now owns 84,535 shares of the company's stock valued at $13,583,000 after purchasing an additional 6,863 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Mohawk Industries during the 2nd quarter valued at $1,253,000. Thompson Siegel & Walmsley LLC raised its position in shares of Mohawk Industries by 115.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 90,784 shares of the company's stock valued at $10,312,000 after buying an additional 48,653 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Mohawk Industries by 19.8% during the 3rd quarter. Natixis Advisors LLC now owns 87,477 shares of the company's stock worth $14,056,000 after acquiring an additional 14,480 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Mohawk Industries by 4.5% in the second quarter. American Century Companies Inc. now owns 914,578 shares of the company's stock worth $103,887,000 after acquiring an additional 39,653 shares in the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

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.