Mohawk Industries, Inc. (NYSE:MHK) insider Cock Paul F. De sold 4,453 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $84.28, for a total value of $375,298.84. Following the completion of the sale, the insider now owns 23,175 shares of the company’s stock, valued at $1,953,189. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
NYSE:MHK traded down $0.59 during mid-day trading on Friday, hitting $83.55. 18,448 shares of the company’s stock traded hands, compared to its average volume of 779,780. The company has a fifty day moving average of $79.55 and a 200 day moving average of $116.07. Mohawk Industries, Inc. has a twelve month low of $56.62 and a twelve month high of $156.60. The company has a market capitalization of $5.91 billion, a P/E ratio of 8.28, a P/E/G ratio of 2.02 and a beta of 1.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 1.61.
Mohawk Industries (NYSE:MHK) last announced its earnings results on Monday, May 4th. The company reported $1.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($0.01). Mohawk Industries had a net margin of 7.47% and a return on equity of 8.75%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the company earned $2.13 earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis. On average, research analysts expect that Mohawk Industries, Inc. will post 4.11 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Procyon Private Wealth Partners LLC acquired a new position in Mohawk Industries during the 4th quarter valued at about $25,000. Raab & Moskowitz Asset Management LLC acquired a new position in Mohawk Industries during the 4th quarter valued at about $27,000. Orion Portfolio Solutions LLC purchased a new stake in Mohawk Industries during the 4th quarter valued at about $31,000. Whittier Trust Co. purchased a new stake in Mohawk Industries during the 4th quarter valued at about $32,000. Finally, CWM LLC grew its stake in Mohawk Industries by 1,090.5% during the 4th quarter. CWM LLC now owns 250 shares of the company’s stock valued at $34,000 after purchasing an additional 229 shares during the last quarter. 79.99% of the stock is currently owned by institutional investors.
About Mohawk Industries
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).
Recommended Story: What are benefits of a growth and income fund?
Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter.