---
title: "Insider Selling: Mohawk Industries, Inc. (NYSE:MHK) Insider Sells 660 Shares of Stock"
description: "Insider Suzanne L. Helen sold 660 shares of Mohawk Industries, Inc. (NYSE:MHK) on September 9th for $29,963.60, leaving her with 118,709 shares valued at approximately $2,979,665.14. The sale was disc"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/214096560.md"
published_at: "2024-09-11T19:28:09.000Z"
---

# Insider Selling: Mohawk Industries, Inc. (NYSE:MHK) Insider Sells 660 Shares of Stock

> Insider Suzanne L. Helen sold 660 shares of Mohawk Industries, Inc. (NYSE:MHK) on September 9th for $29,963.60, leaving her with 118,709 shares valued at approximately $2,979,665.14. The sale was disclosed to the SEC. MHK stock traded down to $29.37 with a market cap of $2.43 billion. The company reported a quarterly EPS of $0.00, beating estimates, but revenue fell 5.1% year-over-year. Analysts have a consensus rating of "Moderate Buy" with a price target of $30.00. Hedge funds have recently adjusted their stakes in the company.

Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) insider Suzanne L. Helen sold 660 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $151.46, for a total transaction of $99,963.60. Following the transaction, the insider now directly owns 118,709 shares of the company's stock, valued at approximately $17,979,665.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Get **Mohawk Industries** alerts:

## Mohawk Industries Price Performance

-   Falling Inflation Sparks Optimism for These 3 Home Builder Stocks

MHK stock traded down $0.49 during mid-day trading on Wednesday, hitting $149.37. 283,526 shares of the stock were exchanged, compared to its average volume of 703,374. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.92 and a quick ratio of 1.04. The business has a fifty day moving average price of $141.45 and a 200 day moving average price of $125.97. Mohawk Industries, Inc. has a 12 month low of $76.02 and a 12 month high of $164.05. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of -22.92, a PEG ratio of 1.15 and a beta of 1.37.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The company reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.25. Mohawk Industries had a positive return on equity of 8.07% and a negative net margin of 3.30%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the previous year, the business earned $2.76 EPS. Mohawk Industries's revenue was down 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Mohawk Industries, Inc. will post 10 EPS for the current year.

## Analyst Ratings Changes

-   Tip The Risk / Reward Scale In your Favor With These 3 Names

Several brokerages recently weighed in on MHK. Truist Financial increased their price objective on shares of Mohawk Industries from $135.00 to $184.00 and gave the company a "buy" rating in a report on Monday, July 29th. Bank of America upgraded shares of Mohawk Industries from an "underperform" rating to a "buy" rating and increased their price objective for the company from $120.00 to $177.00 in a report on Friday, July 26th. Royal Bank of Canada increased their target price on shares of Mohawk Industries from $108.00 to $140.00 and gave the stock a "sector perform" rating in a report on Monday, July 29th. Wells Fargo & Company increased their target price on shares of Mohawk Industries from $110.00 to $140.00 and gave the stock an "underweight" rating in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Mohawk Industries from $124.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Mohawk Industries has a consensus rating of "Moderate Buy" and a consensus price target of $156.00.

**View Our Latest Stock Analysis on Mohawk Industries**

## Hedge Funds Weigh In On Mohawk Industries

-   Mohawk NYSE: MHK Surprises Everyone And Leads The S&P 500

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its stake in Mohawk Industries by 78.1% in the 4th quarter. Victory Capital Management Inc. now owns 16,980 shares of the company's stock worth $1,757,000 after buying an additional 7,446 shares in the last quarter. M&T Bank Corp grew its position in shares of Mohawk Industries by 7.3% during the fourth quarter. M&T Bank Corp now owns 2,718 shares of the company's stock valued at $281,000 after purchasing an additional 184 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Mohawk Industries by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 532,652 shares of the company's stock valued at $55,129,000 after acquiring an additional 22,616 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Mohawk Industries by 74.1% during the fourth quarter. Teacher Retirement System of Texas now owns 7,284 shares of the company's stock worth $754,000 after acquiring an additional 3,099 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Mohawk Industries by 5.5% during the fourth quarter. BNP Paribas Financial Markets now owns 50,585 shares of the company's stock valued at $5,236,000 after buying an additional 2,648 shares during the period. 78.98% of the stock is owned by institutional investors.

## Mohawk Industries Company Profile

(Get Free Report)

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.

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*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
