Brokerages Set Mohawk Industries, Inc. (NYSE:MHK) PT at $162.08

Shares of Mohawk Industries, Inc. (NYSE:MHK) have earned a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $162.08.

MHK has been the topic of a number of research reports. Royal Bank of Canada lowered their price target on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Jefferies Financial Group lifted their price objective on Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Truist Financial lowered their price objective on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Baird R W raised Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. lifted their price objective on Mohawk Industries from $124.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, August 2nd.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 2,300 shares of Mohawk Industries stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total transaction of $347,645.00. Following the completion of the transaction, the insider now directly owns 119,369 shares in the company, valued at $18,042,624.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Mohawk Industries news, insider Suzanne L. Helen sold 2,300 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total value of $347,645.00. Following the completion of the transaction, the insider now directly owns 119,369 shares in the company, valued at approximately $18,042,624.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Suzanne L. Helen sold 660 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the transaction, the insider now owns 118,709 shares of the company’s stock, valued at $17,979,665.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,660 shares of company stock worth $550,488 in the last ninety days. Insiders own 17.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MHK. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Mohawk Industries during the 1st quarter valued at $1,450,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Mohawk Industries during the 1st quarter valued at $1,450,000. Sei Investments Co. grew its stake in shares of Mohawk Industries by 2,040.6% during the 1st quarter. Sei Investments Co. now owns 62,720 shares of the company’s stock valued at $8,209,000 after buying an additional 59,790 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of Mohawk Industries by 20.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 61,447 shares of the company’s stock valued at $8,043,000 after buying an additional 10,274 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Mohawk Industries by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 6,257,677 shares of the company’s stock valued at $819,067,000 after buying an additional 17,541 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Stock Performance

NYSE MHK opened at $136.75 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. Mohawk Industries has a 52-week low of $78.30 and a 52-week high of $164.29. The business’s 50-day moving average price is $152.80 and its 200 day moving average price is $134.58. The firm has a market cap of $8.63 billion, a P/E ratio of 15.21, a P/E/G ratio of 1.46 and a beta of 1.38.

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.