Suzanne L. Helen Sells 7,000 Shares of Mohawk Industries, Inc. (NYSE:MHK) Stock

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Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne L. Helen sold 7,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $138.94, for a total transaction of $972,580.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of NYSE:MHK traded down $5.54 during trading on Tuesday, hitting $133.34. 22,591 shares of the company were exchanged, compared to its average volume of 619,072. The stock has a market capitalization of $9.94 billion, a P/E ratio of 10.83, a PEG ratio of 1.86 and a beta of 1.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.52 and a quick ratio of 0.77. Mohawk Industries, Inc. has a 12-month low of $108.93 and a 12-month high of $156.60. The firm’s 50 day moving average price is $141.09 and its 200-day moving average price is $134.48.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, October 24th. The company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.11. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.51 billion. Mohawk Industries had a net margin of 7.09% and a return on equity of 9.82%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.29 EPS. As a group, equities research analysts anticipate that Mohawk Industries, Inc. will post 9.96 EPS for the current year.

Several research firms recently issued reports on MHK. Robert W. Baird raised their price objective on shares of Mohawk Industries from $150.00 to $168.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Deutsche Bank began coverage on shares of Mohawk Industries in a research report on Wednesday, November 27th. They set a “hold” rating for the company. Stifel Nicolaus raised their price objective on shares of Mohawk Industries from $145.00 to $165.00 in a research report on Monday, October 28th. Wells Fargo & Co cut shares of Mohawk Industries from a “market perform” rating to an “underperform” rating and set a $110.00 price objective for the company. in a research report on Monday, October 14th. Finally, ValuEngine cut shares of Mohawk Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. Mohawk Industries presently has an average rating of “Hold” and a consensus target price of $141.69.

Several large investors have recently modified their holdings of MHK. Amundi Pioneer Asset Management Inc. lifted its position in shares of Mohawk Industries by 172.0% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 176,410 shares of the company’s stock worth $22,252,000 after buying an additional 111,552 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Mohawk Industries during the 2nd quarter worth approximately $292,000. Janney Montgomery Scott LLC lifted its position in shares of Mohawk Industries by 74.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 7,115 shares of the company’s stock worth $1,049,000 after buying an additional 3,032 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Mohawk Industries by 0.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,883 shares of the company’s stock worth $1,900,000 after buying an additional 118 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Mohawk Industries by 6.2% during the 2nd quarter. First Trust Advisors LP now owns 185,196 shares of the company’s stock worth $27,311,000 after buying an additional 10,817 shares during the last quarter. Institutional investors and hedge funds own 79.56% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

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