Mohawk Industries, Inc. (MHK) VP Sells $301,710.00 in Stock
Mohawk Industries, Inc. (NYSE:MHK) VP Rodney David Patton sold 2,260 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $133.50, for a total transaction of $301,710.00. Following the completion of the transaction, the vice president now owns 9,134 shares in the company, valued at $1,219,389. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
MHK opened at $128.57 on Friday. Mohawk Industries, Inc. has a twelve month low of $109.35 and a twelve month high of $249.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.38 and a quick ratio of 0.68. The stock has a market cap of $9.64 billion, a P/E ratio of 10.43, a PEG ratio of 2.07 and a beta of 1.53.
Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, February 7th. The company reported $2.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $0.04. Mohawk Industries had a net margin of 8.63% and a return on equity of 12.40%. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter in the prior year, the business posted $3.42 earnings per share. Mohawk Industries’s revenue was up 3.4% compared to the same quarter last year. As a group, analysts anticipate that Mohawk Industries, Inc. will post 11.24 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers lifted its holdings in shares of Mohawk Industries by 3.7% in the fourth quarter. Rhumbline Advisers now owns 120,927 shares of the company’s stock worth $14,144,000 after acquiring an additional 4,342 shares during the last quarter. Aviva PLC lifted its holdings in shares of Mohawk Industries by 119.7% in the third quarter. Aviva PLC now owns 135,063 shares of the company’s stock worth $23,683,000 after acquiring an additional 73,586 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Mohawk Industries by 0.4% in the third quarter. William Blair Investment Management LLC now owns 181,878 shares of the company’s stock worth $31,892,000 after acquiring an additional 679 shares during the last quarter. Dakota Wealth Management bought a new position in shares of Mohawk Industries in the third quarter worth about $430,000. Finally, Legal & General Group Plc lifted its holdings in shares of Mohawk Industries by 11.4% in the third quarter. Legal & General Group Plc now owns 330,596 shares of the company’s stock worth $57,970,000 after acquiring an additional 33,749 shares during the last quarter. 77.80% of the stock is owned by institutional investors and hedge funds.
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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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