Insider Selling: Mohawk Industries, Inc. (NYSE:MHK) Insider Sells 9,078 Shares of Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne L. Helen sold 9,078 shares of the 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 filing with the SEC, which is available through the SEC website.

Mohawk Industries Price Performance

MHK traded down $0.57 on Thursday, hitting $130.40. 419,492 shares of the company’s stock traded hands, compared to its average volume of 718,826. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The company’s 50 day simple moving average is $143.17 and its 200-day simple moving average is $138.65. Mohawk Industries, Inc. has a one year low of $91.66 and a one year high of $164.29. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.45 and a beta of 1.38.

Hedge Funds Weigh In On Mohawk Industries

A number of institutional investors and hedge funds have recently made changes to their positions in MHK. Meeder Asset Management Inc. raised its position in Mohawk Industries by 8.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 84,535 shares of the company’s stock worth $13,583,000 after purchasing an additional 6,863 shares during the period. Maverick Capital Ltd. bought a new stake in shares of Mohawk Industries during the 2nd quarter worth approximately $1,253,000. Thompson Siegel & Walmsley LLC boosted its holdings in Mohawk Industries by 115.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 90,784 shares of the company’s stock valued at $10,312,000 after acquiring an additional 48,653 shares during the period. Natixis Advisors LLC grew its position in Mohawk Industries by 19.8% in the 3rd quarter. Natixis Advisors LLC now owns 87,477 shares of the company’s stock valued at $14,056,000 after acquiring an additional 14,480 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Mohawk Industries by 4.5% in the second quarter. American Century Companies Inc. now owns 914,578 shares of the company’s stock worth $103,887,000 after purchasing an additional 39,653 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Baird R W raised shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Barclays lowered their price target on shares of Mohawk Industries from $146.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $160.00 to $196.00 in a research note on Monday, October 21st. Finally, Royal Bank of Canada lowered their target price 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. Five equities 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.com, Mohawk Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.25.

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.