Mohawk Industries, Inc. (NYSE:MHK) VP Rodney David Patton sold 911 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $236.00, for a total transaction of $214,996.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Mohawk Industries, Inc. (NYSE MHK) traded down $1.70 on Wednesday, reaching $248.89. 487,445 shares of the company traded hands, compared to its average volume of 745,937. The firm has a market capitalization of $18,452.30, a PE ratio of 19.17, a PEG ratio of 1.74 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.53 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 1 year low of $223.84 and a 1 year high of $286.85.
Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, February 8th. The company reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.10. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. Mohawk Industries had a net margin of 10.24% and a return on equity of 15.44%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.26 earnings per share. sell-side analysts predict that Mohawk Industries, Inc. will post 15.66 earnings per share for the current year.
A number of research firms have recently commented on MHK. Loop Capital began coverage on shares of Mohawk Industries in a research report on Thursday, March 1st. They set a “hold” rating and a $261.00 target price on the stock. Goldman Sachs Group cut shares of Mohawk Industries from a “conviction-buy” rating to a “buy” rating and reduced their target price for the stock from $306.00 to $292.00 in a research report on Thursday, March 1st. ValuEngine cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Robert W. Baird reduced their target price on shares of Mohawk Industries from $312.00 to $300.00 and set an “outperform” rating on the stock in a research report on Monday, February 12th. Finally, Longbow Research raised shares of Mohawk Industries from a “neutral” rating to a “buy” rating in a research report on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Mohawk Industries has an average rating of “Buy” and a consensus price target of $293.07.
Several large investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Mohawk Industries by 10.4% during the fourth quarter. BlackRock Inc. now owns 5,046,157 shares of the company’s stock worth $1,392,234,000 after purchasing an additional 477,056 shares during the period. Ruane Cunniff & Goldfarb Inc. raised its holdings in shares of Mohawk Industries by 4.9% during the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 1,377,558 shares of the company’s stock worth $340,959,000 after purchasing an additional 64,707 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Mohawk Industries by 4.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,119,683 shares of the company’s stock worth $277,137,000 after purchasing an additional 47,261 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Mohawk Industries by 16.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,013,789 shares of the company’s stock worth $279,705,000 after purchasing an additional 141,022 shares during the period. Finally, Third Point LLC raised its holdings in shares of Mohawk Industries by 2.9% during the third quarter. Third Point LLC now owns 900,000 shares of the company’s stock worth $222,759,000 after purchasing an additional 25,000 shares during the period. 78.68% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION NOTICE: “Mohawk Industries, Inc. (MHK) VP Sells $214,996.00 in Stock” was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.thelincolnianonline.com/2018/03/14/rodney-david-patton-sells-911-shares-of-mohawk-industries-inc-mhk-stock.html.
Mohawk Industries Company Profile
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.