Mohawk Industries, Inc. (NYSE:MHK) Given Average Rating of “Moderate Buy” by Brokerages

Mohawk Industries, Inc. (NYSE:MHK) has been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $146.92.

MHK has been the topic of a number of recent analyst reports. Evercore ISI decreased their price objective on Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Wells Fargo & Company decreased their price objective on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Truist Financial decreased their price objective on Mohawk Industries from $155.00 to $148.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Wolfe Research upgraded Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a report on Wednesday, January 8th. Finally, Bank of America decreased their price objective on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 10th.

Mohawk Industries Trading Up 1.2 %

Shares of Mohawk Industries stock opened at $118.37 on Friday. The stock has a market cap of $7.41 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.44 and a beta of 1.41. The stock’s 50 day simple moving average is $121.02 and its 200-day simple moving average is $136.68. Mohawk Industries has a 1-year low of $104.88 and a 1-year high of $164.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12.

Mohawk Industries (NYSE:MHK) last issued 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 return on equity of 8.04% and a net margin of 4.78%. Analysts predict that Mohawk Industries will post 9.8 EPS for the current fiscal year.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 9,078 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total transaction of $1,187,947.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 17,078 shares of company stock valued at $2,203,387. 17.10% of the stock is currently owned by company insiders.

Institutional Trading of Mohawk Industries

A number of large investors have recently modified their holdings of the stock. US Bancorp DE increased its holdings in Mohawk Industries by 3.9% in the third quarter. US Bancorp DE now owns 3,920 shares of the company’s stock valued at $630,000 after buying an additional 146 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Mohawk Industries by 36.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 9,373 shares of the company’s stock valued at $1,506,000 after buying an additional 2,507 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Mohawk Industries by 19.7% in the third quarter. Asset Management One Co. Ltd. now owns 1,003 shares of the company’s stock valued at $161,000 after buying an additional 165 shares during the last quarter. Olympiad Research LP purchased a new position in Mohawk Industries in the third quarter valued at $303,000. Finally, Principal Financial Group Inc. increased its holdings in Mohawk Industries by 4.4% in the third quarter. Principal Financial Group Inc. now owns 61,724 shares of the company’s stock valued at $9,918,000 after buying an additional 2,601 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

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.