Mohawk Industries, Inc. (NYSE:MHK) Insider Sells $504,440.00 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 Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the completion of the sale, the insider now directly owns 104,084 shares of the company’s stock, valued at approximately $13,126,033.24. This represents a 3.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Mohawk Industries Trading Down 0.8 %

NYSE MHK traded down $1.07 during trading on Tuesday, hitting $125.64. The company had a trading volume of 151,102 shares, compared to its average volume of 715,720. The company’s fifty day moving average is $142.06 and its 200-day moving average is $139.11. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.38. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a one year low of $96.28 and a one year high of $164.29.

Institutional Trading of Mohawk Industries

Several institutional investors and hedge funds have recently bought and sold shares of MHK. Quest Partners LLC grew 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 period. Mark Sheptoff Financial Planning LLC purchased a new stake in Mohawk Industries in the third quarter worth $36,000. Headlands Technologies LLC purchased a new stake in Mohawk Industries in the second quarter worth $50,000. Wilmington Savings Fund Society FSB bought a new position in Mohawk Industries in the third quarter worth $55,000. Finally, Blue Trust Inc. lifted its position in Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after buying an additional 167 shares during the period. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on MHK. Truist Financial decreased their target price on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Wells Fargo & Company lowered their target price on Mohawk Industries from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Tuesday. Royal Bank of Canada reduced their price target on 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 increased their price objective on Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, 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. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $159.17.

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.