Mohawk Industries, Inc. (NYSE:MHK) VP Rodney David Patton sold 911 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $236.00, for a total value of $214,996.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Mohawk Industries, Inc. (NYSE MHK) traded down $1.70 during trading on Wednesday, reaching $248.89. The company’s stock had a trading volume of 487,445 shares, compared to its average volume of 745,937. 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 12-month low of $223.84 and a 12-month high of $286.85. 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.
Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, February 8th. The company reported $3.42 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the firm posted $3.26 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. analysts expect that Mohawk Industries, Inc. will post 15.66 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB grew its stake in Mohawk Industries by 9.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 10,095 shares of the company’s stock valued at $2,785,000 after acquiring an additional 854 shares during the period. Envestnet Asset Management Inc. grew its stake in Mohawk Industries by 5.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,880 shares of the company’s stock valued at $2,173,000 after acquiring an additional 374 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Mohawk Industries by 45.6% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,831 shares of the company’s stock valued at $1,057,000 after acquiring an additional 1,200 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Mohawk Industries in the fourth quarter valued at approximately $314,000. Finally, MetLife Investment Advisors LLC acquired a new stake in Mohawk Industries in the fourth quarter valued at approximately $5,394,000. 78.68% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on MHK shares. Goldman Sachs Group cut Mohawk Industries from a “conviction-buy” rating to a “buy” rating and decreased their price target for the company from $306.00 to $292.00 in a research note on Thursday, March 1st. Zacks Investment Research cut Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Longbow Research raised Mohawk Industries from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. Robert W. Baird decreased their target price on Mohawk Industries from $312.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, February 12th. Finally, ValuEngine raised Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $293.07.
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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.
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