Mohawk Industries, Inc. (NYSE:MHK) Insider Suzanne L. Helen Sells 2,000 Shares

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne L. Helen sold 2,000 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total transaction of $270,960.00. Following the completion of the transaction, the insider now directly owns 2,453 shares in the company, valued at $332,332.44. This represents a 44.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mohawk Industries Stock Up 0.1 %

MHK stock opened at $131.39 on Friday. The company has a 50 day moving average of $145.98 and a two-hundred day moving average of $138.18. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 1.50 and a beta of 1.38. Mohawk Industries, Inc. has a 12-month low of $90.79 and a 12-month high of $164.29. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Truist Financial cut their target price on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Barclays decreased their price target on Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Royal Bank of Canada cut their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Finally, Baird R W upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mohawk Industries presently has a consensus rating of “Moderate Buy” and an average price target of $161.67.

Institutional Trading of Mohawk Industries

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

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.