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

Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) insider Suzanne L. Helen sold 4,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $126.11, for a total transaction of $504,440.00. Following the completion of the sale, the insider now owns 104,084 shares of the company's stock, valued at approximately $13,126,033.24. The trade was a 3.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Mohawk Industries Trading Down 1.6 %

Shares of Mohawk Industries stock traded down $2.01 during midday trading on Tuesday, reaching $124.70. 481,591 shares of the company's stock traded hands, compared to its average volume of 717,112. The stock has a 50 day moving average of $142.06 and a 200-day moving average of $139.11. Mohawk Industries, Inc. has a 12 month low of $96.28 and a 12 month high of $164.29. 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 company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC lifted its stake in shares of Mohawk Industries by 40.0% in the 2nd quarter. Quest Partners LLC now owns 294 shares of the company's stock valued at $33,000 after purchasing an additional 84 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new position in Mohawk Industries during the third quarter valued at $36,000. Headlands Technologies LLC bought a new stake in shares of Mohawk Industries during the 2nd quarter valued at $50,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Mohawk Industries during the 3rd quarter valued at $55,000. Finally, Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 167 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on MHK shares. Royal Bank of Canada decreased their target price on shares of Mohawk Industries from $140.00 to $134.00 and set a "sector perform" rating on the stock in a research report on Monday, October 28th. Jefferies Financial Group lifted their price objective on Mohawk Industries from $150.00 to $160.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Barclays dropped their target price on Mohawk Industries from $146.00 to $141.00 and set an "equal weight" rating for the company in a report on Wednesday, December 11th. Truist Financial decreased their price target on Mohawk Industries from $184.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. Finally, Baird R W upgraded Mohawk Industries from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 21st. Five 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.