Suzanne L. Helen Sells 9,078 Shares of Mohawk Industries, Inc. (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne L. Helen sold 9,078 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total transaction of $1,187,947.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Mohawk Industries Price Performance

NYSE MHK opened at $127.80 on Friday. Mohawk Industries, Inc. has a 12 month low of $96.28 and a 12 month high of $164.29. The firm has a market capitalization of $8.07 billion, a PE ratio of 14.47, a P/E/G ratio of 1.45 and a beta of 1.38. The company’s 50 day simple moving average is $142.63 and its 200 day simple moving average is $138.73. 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 Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $160.00 to $196.00 in a research note on Monday, October 21st. Baird R W upgraded Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Jefferies Financial Group boosted their price objective on Mohawk Industries from $150.00 to $160.00 and gave the company 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 note on Monday, October 28th. Finally, Royal Bank of Canada lowered their price target on shares of Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.25.

Hedge Funds Weigh In On Mohawk Industries

Several hedge funds have recently modified their holdings of MHK. SG Americas Securities LLC grew its holdings in Mohawk Industries by 276.4% during the second quarter. SG Americas Securities LLC now owns 23,793 shares of the company’s stock worth $2,703,000 after acquiring an additional 17,471 shares during the period. Wilsey Asset Management Inc. raised its holdings in shares of Mohawk Industries by 47.2% in the 2nd quarter. Wilsey Asset Management Inc. now owns 190,366 shares of the company’s stock worth $21,624,000 after purchasing an additional 61,063 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Mohawk Industries by 4.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,573 shares of the company’s stock worth $1,315,000 after purchasing an additional 493 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Mohawk Industries during the second quarter valued at approximately $2,544,000. Finally, Fifth Third Bancorp lifted its stake in Mohawk Industries by 7.0% during the second quarter. Fifth Third Bancorp now owns 2,343 shares of the company’s stock valued at $266,000 after purchasing an additional 154 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

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.