Mohawk Industries (NYSE:MHK) Price Target Lowered to $152.00 at Robert W. Baird

Mohawk Industries (NYSE:MHK) had its price target lowered by Robert W. Baird from $160.00 to $152.00 in a research note published on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

MHK has been the topic of a number of other research reports. Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a research report on Wednesday, January 8th. Loop Capital cut their price objective on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, December 4th. JPMorgan Chase & Co. upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their target price for the company from $151.00 to $161.00 in a report on Friday, January 10th. Wells Fargo & Company cut their price target on shares of Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada lowered their price objective on shares of Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Mohawk Industries presently has a consensus rating of “Moderate Buy” and an average price target of $147.29.

Mohawk Industries Stock Performance

Shares of Mohawk Industries stock opened at $117.73 on Monday. The business’s fifty day simple moving average is $123.93 and its 200-day simple moving average is $140.53. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The firm has a market cap of $7.43 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. Mohawk Industries has a 52 week low of $104.88 and a 52 week high of $164.29.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.00%. Equities analysts forecast that Mohawk Industries will post 10.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 9,078 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total transaction of $1,187,947.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 19,078 shares of company stock valued at $2,474,347 in the last ninety days. Insiders own 17.10% of the company’s stock.

Institutional Investors Weigh In On Mohawk Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Mohawk Industries during the third quarter worth about $36,000. Wilmington Savings Fund Society FSB purchased a new position in Mohawk Industries during the 3rd quarter worth approximately $55,000. Blue Trust Inc. increased its position in Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after buying an additional 167 shares during the period. True Wealth Design LLC acquired a new stake in shares of Mohawk Industries in the third quarter valued at approximately $61,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Mohawk Industries in the third quarter valued at approximately $73,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

About Mohawk Industries

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.