Mohawk Industries, Inc. (NYSE:MHK) insider John C. Turner, Jr. sold 944 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $244.62, for a total value of $230,921.28. Following the completion of the sale, the insider now owns 10,412 shares in the company, valued at $2,546,983.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Mohawk Industries, Inc. (NYSE:MHK) traded down $1.72 during trading on Wednesday, reaching $248.87. The company had a trading volume of 366,393 shares, compared to its average volume of 742,008. Mohawk Industries, Inc. has a twelve month low of $223.84 and a twelve month high of $286.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.80 and a current ratio of 1.53. The stock has a market capitalization of $18,452.30, a PE ratio of 19.19, a price-to-earnings-growth ratio of 1.74 and a beta of 1.37.
Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, February 8th. The company reported $3.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.32 by $0.10. Mohawk Industries had a return on equity of 15.44% and a net margin of 10.24%. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the business earned $3.26 earnings per share. The firm’s revenue was up 8.5% on a year-over-year basis. equities research analysts predict that Mohawk Industries, Inc. will post 15.66 EPS for the current year.
A number of institutional investors have recently bought and sold shares of MHK. NuWave Investment Management LLC purchased a new position in Mohawk Industries during the fourth quarter worth about $117,000. Cerebellum GP LLC purchased a new position in shares of Mohawk Industries in the 4th quarter worth about $124,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Mohawk Industries in the 4th quarter worth about $124,000. Calton & Associates Inc. purchased a new position in shares of Mohawk Industries in the 4th quarter worth about $171,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of Mohawk Industries in the 4th quarter worth about $174,000. Institutional investors and hedge funds own 78.68% of the company’s stock.
Several analysts have issued reports on the company. Zacks Investment Research lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Credit Suisse Group reiterated an “outperform” rating and issued a $310.00 price target (up from $303.00) on shares of Mohawk Industries in a research report on Monday, January 22nd. They noted that the move was a valuation call. Jefferies Group initiated coverage on Mohawk Industries in a research report on Tuesday, December 12th. They issued a “buy” rating and a $330.00 price target for the company. ValuEngine upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Robert W. Baird reduced their price target on Mohawk Industries from $312.00 to $300.00 and set an “outperform” rating for the company in a research report on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $293.07.
TRADEMARK VIOLATION WARNING: This news story was originally posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.thelincolnianonline.com/2018/03/14/mohawk-industries-inc-mhk-insider-john-c-turner-jr-sells-944-shares.html.
About Mohawk Industries
Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.
Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter.