Suzanne L. Helen Sells 700 Shares of Mohawk Industries, Inc. (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) insider Suzanne L. Helen sold 700 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $146.97, for a total value of $102,879.00. Following the sale, the insider now directly owns 121,669 shares in the company, valued at $17,881,692.93. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Mohawk Industries Trading Up 1.8 %

MHK stock traded up $2.60 during midday trading on Tuesday, hitting $146.88. The stock had a trading volume of 542,288 shares, compared to its average volume of 728,157. The company has a current ratio of 1.92, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The firm has a market cap of $9.38 billion, a P/E ratio of -22.46, a price-to-earnings-growth ratio of 1.23 and a beta of 1.38. The business has a fifty day moving average price of $126.07 and a two-hundred day moving average price of $120.40. Mohawk Industries, Inc. has a 1-year low of $76.02 and a 1-year high of $164.05.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its earnings results on Thursday, July 25th. The company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.75 by $0.25. Mohawk Industries had a positive return on equity of 8.07% and a negative net margin of 3.30%. The business had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.84 billion. During the same quarter last year, the firm posted $2.76 earnings per share. The firm's revenue was down 5.1% on a year-over-year basis. On average, sell-side analysts predict that Mohawk Industries, Inc. will post 9.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mohawk Industries

A number of large investors have recently bought and sold shares of the stock. Quest Partners LLC raised its holdings in shares of Mohawk Industries by 40.0% in the 2nd quarter. Quest Partners LLC now owns 294 shares of the company's stock worth $33,000 after acquiring an additional 84 shares during the last quarter. Quarry LP boosted its holdings in Mohawk Industries by 70.4% during the 4th quarter. Quarry LP now owns 421 shares of the company's stock worth $44,000 after acquiring an additional 174 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Mohawk Industries during the second quarter valued at about $50,000. Signaturefd LLC grew its position in Mohawk Industries by 29.4% in the 4th quarter. Signaturefd LLC now owns 563 shares of the company's stock worth $58,000 after purchasing an additional 128 shares in the last quarter. Finally, Quent Capital LLC grew its position in Mohawk Industries by 27.2% in the 1st quarter. Quent Capital LLC now owns 496 shares of the company's stock worth $65,000 after purchasing an additional 106 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MHK. Robert W. Baird upped their price objective on shares of Mohawk Industries from $132.00 to $160.00 and gave the stock a "neutral" rating in a research report on Monday, July 29th. Loop Capital raised their price objective on Mohawk Industries from $145.00 to $185.00 and gave the company a "buy" rating in a report on Monday, July 29th. Raymond James raised Mohawk Industries from a "market perform" rating to a "strong-buy" rating and set a $140.00 target price for the company in a report on Monday, June 10th. Royal Bank of Canada lifted their price target on Mohawk Industries from $108.00 to $140.00 and gave the company a "sector perform" rating in a research note on Monday, July 29th. Finally, Barclays upped their price objective on Mohawk Industries from $118.00 to $161.00 and gave the company an "equal weight" rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $156.00.

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.