Mohawk Industries, Inc. (NYSE:MHK) Receives $154.62 Consensus Price Target from Analysts

Shares of Mohawk Industries, Inc. (NYSE:MHK) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $146.92.

MHK has been the topic of several analyst reports. Raymond James reaffirmed a “strong-buy” rating and issued a $165.00 target price (down from $185.00) on shares of Mohawk Industries in a research report on Monday. 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. JPMorgan Chase & Co. dropped their target price on Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday. StockNews.com lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company lowered their price target 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.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 2,000 shares of Mohawk Industries stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total transaction of $270,960.00. Following the transaction, the insider now directly owns 2,453 shares of the company’s stock, valued at $332,332.44. The trade was a 44.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 19,078 shares of company stock valued at $2,474,347 over the last three months. Company insiders own 17.10% of the company’s stock.

Institutional Inflows and Outflows

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

Mohawk Industries Stock Performance

Shares of MHK opened at $116.77 on Monday. The business’s fifty day moving average price is $123.32 and its 200 day moving average price is $140.07. Mohawk Industries has a 12-month low of $104.88 and a 12-month high of $164.29. The stock has a market capitalization of $7.37 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09.

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

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.