Mohawk Industries, Inc. (NYSE:MHK) Director William Henry Runge III purchased 500 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was acquired at an average cost of $250.87 per share, with a total value of $125,435.00. Following the transaction, the director now directly owns 2,335 shares in the company, valued at $585,781.45. The purchase was disclosed in a filing with the SEC, which is available at this link.
Mohawk Industries, Inc. (NYSE MHK) traded down $2.74 during trading on Friday, hitting $249.76. 1,052,404 shares of the stock traded hands, compared to its average volume of 858,356. The stock has a market cap of $18,765.81, a PE ratio of 19.24, a P/E/G ratio of 1.78 and a beta of 1.26. Mohawk Industries, Inc. has a 1-year low of $219.22 and a 1-year high of $286.85. The company has a current ratio of 1.53, a quick ratio of 0.80 and a debt-to-equity ratio of 0.22.
Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, February 8th. The company reported $3.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.32 by $0.10. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Mohawk Industries had a net margin of 10.24% and a return on equity of 15.44%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.26 EPS. sell-side analysts expect that Mohawk Industries, Inc. will post 15.54 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of Mohawk Industries by 45.6% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,831 shares of the company’s stock worth $1,057,000 after purchasing an additional 1,200 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in Mohawk Industries in the fourth quarter valued at $314,000. MetLife Investment Advisors LLC purchased a new stake in Mohawk Industries in the fourth quarter valued at $5,394,000. Jump Trading LLC purchased a new stake in Mohawk Industries in the fourth quarter valued at $235,000. Finally, Vident Investment Advisory LLC purchased a new stake in Mohawk Industries in the fourth quarter valued at $357,000. 76.51% of the stock is owned by institutional investors and hedge funds.
Several brokerages have commented on MHK. Robert W. Baird decreased their price target on shares of Mohawk Industries from $312.00 to $300.00 and set an “outperform” rating for the company in a research report on Monday, February 12th. ValuEngine raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and set a $303.00 price target for the company in a research report on Monday, February 5th. JPMorgan Chase & Co. raised their price target on shares of Mohawk Industries from $250.00 to $285.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, Longbow Research raised shares of Mohawk Industries from a “neutral” rating to a “buy” rating in a research report on Monday, February 12th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $295.62.
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Mohawk Industries Company Profile
Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.
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