Suzanne L. Helen Sells 4,200 Shares of Mohawk Industries, Inc. (NYSE:MHK) Stock
Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne L. Helen sold 4,200 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.04, for a total value of $621,768.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Mohawk Industries stock traded up $0.61 during trading hours on Friday, hitting $151.22. 17,112 shares of the company’s stock traded hands, compared to its average volume of 734,002. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.37 and a quick ratio of 0.68. The firm has a market cap of $10.79 billion, a PE ratio of 12.24, a P/E/G ratio of 2.74 and a beta of 1.42. Mohawk Industries, Inc. has a 12-month low of $109.35 and a 12-month high of $228.49.
Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, April 25th. The company reported $2.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.06. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.50 billion. Mohawk Industries had a return on equity of 11.36% and a net margin of 7.73%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the company posted $3.01 EPS. As a group, equities analysts anticipate that Mohawk Industries, Inc. will post 10.7 EPS for the current fiscal year.
MHK has been the topic of several recent analyst reports. Zacks Investment Research raised Mohawk Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Longbow Research cut shares of Mohawk Industries from a “buy” rating to a “neutral” rating and set a $125.98 target price for the company. in a report on Friday, March 29th. Loop Capital set a $130.00 price objective on shares of Mohawk Industries and gave the stock a “hold” rating in a research note on Tuesday, May 14th. Finally, ValuEngine upgraded shares of Mohawk Industries from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 15th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $150.41.
Mohawk Industries Company Profile
Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).
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