Mohawk Industries, Inc. (NYSE:MHK) Insider Suzanne L. Helen Sells 4,000 Shares of Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne L. Helen sold 4,000 shares of Mohawk Industries stock in a transaction on Monday, December 16th. The shares were sold at an average price of $126.11, for a total transaction of $504,440.00. Following the completion of the sale, the insider now owns 104,084 shares in the company, valued at approximately $13,126,033.24. This represents a 3.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Mohawk Industries Stock Down 1.6 %

Shares of NYSE MHK opened at $124.70 on Wednesday. Mohawk Industries, Inc. has a 1 year low of $96.28 and a 1 year high of $164.29. The firm has a 50-day simple moving average of $142.06 and a two-hundred day simple moving average of $139.11. The company has a market cap of $7.87 billion, a P/E ratio of 14.12, a PEG ratio of 1.45 and a beta of 1.38. 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 Investors Weigh In On Mohawk Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. grew its position in Mohawk Industries by 32.8% in the 3rd quarter. Franklin Resources Inc. now owns 37,162 shares of the company’s stock valued at $5,878,000 after acquiring an additional 9,173 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Mohawk Industries by 9.4% during the third quarter. Tidal Investments LLC now owns 13,810 shares of the company’s stock valued at $2,219,000 after purchasing an additional 1,188 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Mohawk Industries during the third quarter valued at $55,000. Toronto Dominion Bank grew its holdings in shares of 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 purchasing an additional 9,997 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in Mohawk Industries in the 3rd quarter worth about $221,000. 78.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MHK shares. Jefferies Financial Group lifted their target price on Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Loop Capital reduced their price objective on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Truist Financial decreased their price objective on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Barclays cut their target price on shares of Mohawk Industries from $146.00 to $141.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Finally, Royal Bank of Canada decreased their price target on shares of Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $159.17.

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.