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 transaction, the insider now owns 104,084 shares of the company’s stock, valued at approximately $13,126,033.24. This trade represents a 3.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Mohawk Industries Price Performance

Shares of MHK stock opened at $119.10 on Thursday. The stock’s fifty day simple moving average is $141.45 and its 200 day simple moving average is $139.13. Mohawk Industries, Inc. has a one year low of $96.28 and a one year high of $164.29. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 1.45 and a beta of 1.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09.

Analyst Ratings Changes

Several equities analysts recently commented on MHK shares. Jefferies Financial Group upped their target price on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Loop Capital reduced their target price on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. StockNews.com lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird raised Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their price target for the company from $160.00 to $196.00 in a report on Monday, October 21st. Finally, Wells Fargo & Company decreased their price objective on Mohawk Industries from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Mohawk Industries presently has an average rating of “Moderate Buy” and a consensus price target of $159.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MHK. Franklin Resources Inc. grew its holdings in shares of Mohawk Industries by 32.8% in the 3rd quarter. Franklin Resources Inc. now owns 37,162 shares of the company’s stock worth $5,878,000 after purchasing an additional 9,173 shares during the last quarter. Tidal Investments LLC grew its stake in Mohawk Industries by 9.4% during the third quarter. Tidal Investments LLC now owns 13,810 shares of the company’s stock worth $2,219,000 after buying an additional 1,188 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Mohawk Industries during the third quarter worth about $55,000. Toronto Dominion Bank increased its holdings in shares of Mohawk Industries by 96.0% during the third quarter. Toronto Dominion Bank now owns 20,414 shares of the company’s stock worth $3,280,000 after buying an additional 9,997 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new position in shares of Mohawk Industries in the third quarter valued at approximately $221,000. 78.98% of the stock is owned by institutional investors.

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.