Suzanne L. Helen Sells 9,078 Shares of Mohawk Industries, Inc. (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne L. Helen sold 9,078 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total value of $1,187,947.08. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Mohawk Industries Trading Down 0.4 %

MHK stock traded down $0.57 during trading on Thursday, reaching $130.40. The company had a trading volume of 419,492 shares, compared to its average volume of 718,826. The company has a market cap of $8.23 billion, a P/E ratio of 14.77, 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. The business has a 50 day moving average of $143.17 and a 200 day moving average of $138.65. Mohawk Industries, Inc. has a 52 week low of $91.66 and a 52 week high of $164.29.

Institutional Investors Weigh In On Mohawk Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quest Partners LLC grew its holdings in shares of Mohawk Industries by 40.0% in the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after purchasing an additional 84 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Mohawk Industries during the 3rd quarter valued at about $36,000. Headlands Technologies LLC bought a new position in shares of Mohawk Industries in the 2nd quarter valued at about $50,000. Wilmington Savings Fund Society FSB purchased a new position in Mohawk Industries in the third quarter worth about $55,000. Finally, Blue Trust Inc. increased its stake in Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after acquiring an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MHK. Truist Financial cut their price objective on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a report on Monday, October 28th. Wells Fargo & Company upgraded Mohawk Industries from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $140.00 to $160.00 in a research note on Monday, October 7th. Royal Bank of Canada reduced their price target on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Barclays dropped their price objective on Mohawk Industries from $146.00 to $141.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Robert W. Baird raised Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mohawk Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.25.

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.