Suzanne L. Helen Sells 10,500 Shares of Mohawk Industries, Inc. (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) insider Suzanne L. Helen sold 10,500 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $113.44, for a total value of $1,191,120.00. Following the completion of the sale, the insider now owns 93,584 shares in the company, valued at $10,616,168.96. This trade represents a 10.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mohawk Industries Stock Down 0.3 %

Shares of NYSE:MHK traded down $0.37 during mid-day trading on Tuesday, hitting $114.30. 447,679 shares of the company traded hands, compared to its average volume of 692,040. The stock has a market cap of $7.15 billion, a P/E ratio of 14.06, a P/E/G ratio of 1.44 and a beta of 1.44. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 12-month low of $104.88 and a 12-month high of $164.29. The stock has a 50-day moving average price of $120.46 and a two-hundred day moving average price of $134.44.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. On average, equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

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Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. 111 Capital purchased a new position in Mohawk Industries in the fourth quarter worth $380,000. QSM Asset Management Ltd purchased a new position in Mohawk Industries in the fourth quarter worth $6,002,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Mohawk Industries in the fourth quarter worth $1,564,000. Jefferies Financial Group Inc. purchased a new position in Mohawk Industries in the fourth quarter worth $799,000. Finally, Forum Financial Management LP purchased a new position in Mohawk Industries in the fourth quarter worth $273,000. Hedge funds and other institutional investors own 78.98% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on MHK. Loop Capital cut their target price on Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Robert W. Baird cut their target price on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. StockNews.com upgraded Mohawk Industries from a "hold" rating to a "buy" rating in a research report on Monday, March 10th. Evercore ISI cut their target price on Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating on the stock in a research report on Monday, February 10th. Finally, Raymond James restated a "strong-buy" rating and set a $165.00 target price (down previously from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.92.

About Mohawk Industries

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.