Mohawk Industries, Inc. (NYSE:MHK) VP Rodney David Patton sold 2,260 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $133.50, for a total value of $301,710.00. Following the completion of the sale, the vice president now owns 9,134 shares in the company, valued at approximately $1,219,389. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
MHK traded down $3.74 during mid-day trading on Thursday, reaching $129.26. 953,970 shares of the company traded hands, compared to its average volume of 1,037,459. The firm has a market cap of $9.64 billion, a PE ratio of 10.48, a P/E/G ratio of 2.07 and a beta of 1.53. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 0.20. Mohawk Industries, Inc. has a 52-week low of $109.35 and a 52-week high of $250.25.
Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, February 7th. The company reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.43 billion. During the same period in the previous year, the business earned $3.42 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, research analysts forecast that Mohawk Industries, Inc. will post 11.24 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of MHK. Russell Investments Group Ltd. grew its position in shares of Mohawk Industries by 32.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 19,280 shares of the company’s stock valued at $3,413,000 after acquiring an additional 4,755 shares during the period. HL Financial Services LLC purchased a new stake in Mohawk Industries in the 3rd quarter worth $447,000. Achmea Investment Management B.V. purchased a new stake in Mohawk Industries in the 3rd quarter worth $662,000. ING Groep NV purchased a new stake in Mohawk Industries in the 3rd quarter worth $267,000. Finally, Parametrica Management Ltd purchased a new stake in Mohawk Industries in the 3rd quarter worth $243,000. 77.80% of the stock is owned by hedge funds and other institutional investors.
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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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