Mohawk Industries, Inc. (NYSE:MHK – Get Free Report) insider Suzanne L. Helen sold 1,800 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $111.74, for a total transaction of $201,132.00. Following the completion of the transaction, the insider now owns 122,369 shares of the company’s stock, valued at approximately $13,673,512.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Mohawk Industries Trading Down 0.9 %
NYSE MHK opened at $111.44 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $7.12 billion, a P/E ratio of -17.04, a P/E/G ratio of 1.11 and a beta of 1.40. Mohawk Industries, Inc. has a 52-week low of $76.02 and a 52-week high of $131.19. The firm has a 50-day moving average price of $115.97 and a 200 day moving average price of $112.41.
Mohawk Industries (NYSE:MHK – Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.16. Mohawk Industries had a positive return on equity of 7.72% and a negative net margin of 3.77%. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the prior year, the business posted $1.75 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Equities research analysts expect that Mohawk Industries, Inc. will post 9.68 EPS for the current year.
Institutional Investors Weigh In On Mohawk Industries
Wall Street Analyst Weigh In
A number of analysts recently issued reports on MHK shares. Barclays decreased their target price on Mohawk Industries from $122.00 to $120.00 and set an “equal weight” rating for the company in a research report on Monday, April 29th. TheStreet upgraded shares of Mohawk Industries from a “d+” rating to a “c-” rating in a research report on Monday, March 4th. Loop Capital reduced their price target on shares of Mohawk Industries from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Royal Bank of Canada raised their price objective on shares of Mohawk Industries from $106.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Monday, April 29th. Finally, Raymond James raised shares of Mohawk Industries from a “market perform” rating to a “strong-buy” rating and set a $140.00 target price for the company in a report on Monday, June 10th. One analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $123.20.
Get Our Latest Analysis on Mohawk Industries
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.
Read More
- Five stocks we like better than Mohawk Industries
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Occidental Stock: Buffett’s 9-Day Buying Spree Lifts Stake to 29%
- What is a Death Cross in Stocks?
- 3M Stock: Invest Now for Unmatched Quality and Growth Potential
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Super Micro AI Stock: Should You Invest After a 275% Increase?
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.