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

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne L. Helen sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $127.75, for a total transaction of $511,000.00. Following the completion of the transaction, the insider now owns 108,084 shares of the company’s stock, valued at $13,807,731. This trade represents a 3.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Mohawk Industries Stock Down 1.9 %

Shares of MHK stock opened at $116.82 on Friday. Mohawk Industries, Inc. has a 52-week low of $96.28 and a 52-week high of $164.29. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 1.45 and a beta of 1.38. The firm’s 50-day moving average is $139.85 and its 200-day moving average is $138.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Truist Financial lowered their target price on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a report on Monday, October 28th. Royal Bank of Canada decreased their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Loop Capital reduced their price target on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. Baird R W raised shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group boosted their price objective on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mohawk Industries has a consensus rating of “Moderate Buy” and a consensus price target of $159.17.

Institutional Trading of Mohawk Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Quest Partners LLC increased its holdings in shares of Mohawk Industries by 40.0% during 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. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Mohawk Industries in the third quarter valued at $36,000. Headlands Technologies LLC acquired a new position in shares of Mohawk Industries in the second quarter valued at $50,000. Wilmington Savings Fund Society FSB bought a new position in shares of Mohawk Industries in the third quarter valued at about $55,000. Finally, Blue Trust Inc. lifted its stake in shares of Mohawk Industries by 85.6% during the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after buying an additional 167 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

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.