Mohawk Industries, Inc. (NYSE:MHK) insider Bernard Thiers sold 2,800 shares of Mohawk Industries stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $149.85, for a total value of $419,580.00. Following the completion of the transaction, the insider now owns 43,559 shares of the company’s stock, valued at $6,527,316.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NYSE:MHK opened at $152.29 on Monday. The firm has a market cap of $11.03 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 2.80 and a beta of 1.42. Mohawk Industries, Inc. has a 52-week low of $109.35 and a 52-week high of $228.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.37 and a quick ratio of 0.68.
Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, April 25th. The company reported $2.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.06. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.50 billion. Mohawk Industries had a return on equity of 11.36% and a net margin of 7.73%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $3.01 earnings per share. Equities research analysts anticipate that Mohawk Industries, Inc. will post 10.7 EPS for the current year.
Large investors have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. boosted its stake in Mohawk Industries by 12.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 64,858 shares of the company’s stock valued at $7,585,000 after buying an additional 7,124 shares during the period. Coronation Fund Managers Ltd. bought a new stake in Mohawk Industries during the first quarter worth about $5,373,000. Arnhold LLC lifted its stake in Mohawk Industries by 94.7% during the fourth quarter. Arnhold LLC now owns 78,680 shares of the company’s stock worth $9,202,000 after purchasing an additional 38,260 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Mohawk Industries by 4.4% during the first quarter. Nomura Asset Management Co. Ltd. now owns 11,712 shares of the company’s stock worth $1,478,000 after purchasing an additional 493 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Mohawk Industries by 2.0% during the first quarter. Swiss National Bank now owns 210,274 shares of the company’s stock worth $26,526,000 after purchasing an additional 4,200 shares during the last quarter. 80.66% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Mohawk Industries from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Jefferies Financial Group upgraded Mohawk Industries from a “hold” rating to a “buy” rating and lifted their price target for the company from $145.00 to $167.00 in a research report on Tuesday, April 30th. ValuEngine upgraded Mohawk Industries from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 15th. Loop Capital lifted their price target on Mohawk Industries to $145.00 and gave the company a “hold” rating in a research report on Friday. Finally, Stifel Nicolaus upgraded Mohawk Industries from a “hold” rating to a “buy” rating and lifted their price target for the company from $135.00 to $180.00 in a research report on Wednesday, May 15th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $150.41.
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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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