Mohawk Industries, Inc. (NYSE:MHK – Get Free Report) insider Suzanne L. Helen sold 660 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.46, for a total transaction of $99,963.60. Following the transaction, the insider now owns 118,709 shares of the company’s stock, valued at $17,979,665.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Mohawk Industries Stock Down 0.3 %
Shares of MHK stock traded down $0.49 on Wednesday, hitting $149.37. The stock had a trading volume of 283,526 shares, compared to its average volume of 703,374. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of -22.92, a P/E/G ratio of 1.15 and a beta of 1.37. The stock’s 50 day moving average is $141.45 and its 200-day moving average is $125.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.92. Mohawk Industries, Inc. has a 52-week low of $76.02 and a 52-week high of $164.05.
Mohawk Industries (NYSE:MHK – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.25. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.84 billion. Mohawk Industries had a negative net margin of 3.30% and a positive return on equity of 8.07%. The firm’s revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.76 EPS. As a group, research analysts expect that Mohawk Industries, Inc. will post 10 earnings per share for the current year.
Hedge Funds Weigh In On Mohawk Industries
Analysts Set New Price Targets
Several research firms have weighed in on MHK. Royal Bank of Canada boosted their target price on shares of Mohawk Industries from $108.00 to $140.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Robert W. Baird raised their price target on shares of Mohawk Industries from $132.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Truist Financial raised their price target on shares of Mohawk Industries from $135.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Barclays raised their price target on shares of Mohawk Industries from $118.00 to $161.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Finally, Raymond James upgraded shares of Mohawk Industries from a “market perform” rating to a “strong-buy” rating and set a $140.00 price target on the stock in a research note on Monday, June 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Mohawk Industries currently has a consensus rating of “Moderate Buy” and an average target price of $156.00.
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.
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