Insider Selling: Mohawk Industries, Inc. (NYSE:MHK) Insider Sells 2,000 Shares of Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne L. Helen sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total value of $270,960.00. Following the completion of the sale, the insider now owns 2,453 shares of the company’s stock, valued at $332,332.44. This represents a 44.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mohawk Industries Stock Up 0.2 %

MHK traded up $0.21 during trading on Thursday, hitting $131.43. The company had a trading volume of 816,024 shares, compared to its average volume of 720,054. The company has a market cap of $8.30 billion, a PE ratio of 14.86, a P/E/G ratio of 1.50 and a beta of 1.38. Mohawk Industries, Inc. has a 1-year low of $90.79 and a 1-year high of $164.29. The business has a 50-day moving average of $146.49 and a 200-day moving average of $138.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MHK. Mather Group LLC. boosted its stake in Mohawk Industries by 180.3% during the 2nd quarter. Mather Group LLC. now owns 2,346 shares of the company’s stock valued at $266,000 after purchasing an additional 1,509 shares in the last quarter. Cardinal Capital Management lifted its position in shares of Mohawk Industries by 3.0% during the 2nd quarter. Cardinal Capital Management now owns 10,755 shares of the company’s stock valued at $1,222,000 after acquiring an additional 311 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Mohawk Industries by 276.4% during the 2nd 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 in the last quarter. Czech National Bank lifted its position in shares of Mohawk Industries by 8.6% in the second quarter. Czech National Bank now owns 10,100 shares of the company’s stock worth $1,147,000 after purchasing an additional 802 shares in the last quarter. Finally, Manchester Financial Inc. boosted its holdings in shares of Mohawk Industries by 3.3% during the second quarter. Manchester Financial Inc. now owns 9,046 shares of the company’s stock worth $1,028,000 after purchasing an additional 289 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $140.00 to $160.00 in a research report on Monday, October 7th. Robert W. Baird raised Mohawk Industries from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $160.00 to $196.00 in a research report on Monday, October 21st. Jefferies Financial Group lifted their price objective on Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. 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 report on Monday, October 28th. Finally, Baird R W upgraded Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.67.

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.