Mohawk Industries (NYSE:MHK - Free Report) had its price target decreased by Barclays from $125.00 to $115.00 in a report issued on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.
Other equities analysts have also issued research reports about the company. Wells Fargo & Company dropped 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 cut their price target on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Raymond James reiterated a "strong-buy" rating and issued a $165.00 price objective (down previously from $185.00) on shares of Mohawk Industries in a research note on Monday, February 10th. Loop Capital lowered their target price on shares of Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Mohawk Industries presently has an average rating of "Moderate Buy" and an average price target of $144.36.
Read Our Latest Research Report on MHK
Mohawk Industries Stock Up 2.0 %
Shares of NYSE MHK traded up $2.04 during midday trading on Tuesday, hitting $105.06. 667,630 shares of the company's stock were exchanged, compared to its average volume of 738,958. The firm's fifty day simple moving average is $114.44 and its 200-day simple moving average is $128.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The company has a market cap of $6.57 billion, a PE ratio of 12.92, a P/E/G ratio of 1.44 and a beta of 1.23. Mohawk Industries has a twelve month low of $96.24 and a twelve month high of $164.29.
Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings data 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 8.04%. Research analysts predict that Mohawk Industries will post 9.8 EPS for the current fiscal year.
Insider Transactions at Mohawk Industries
In related news, insider Suzanne L. Helen sold 10,500 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the transaction, the insider now owns 93,584 shares of the company's stock, valued at $10,616,168.96. This represents a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 17.10% of the company's stock.
Institutional Investors Weigh In On Mohawk Industries
A number of hedge funds and other institutional investors have recently bought and sold shares of MHK. Huntington National Bank grew its holdings in Mohawk Industries by 27.4% in the fourth quarter. Huntington National Bank now owns 554 shares of the company's stock valued at $66,000 after purchasing an additional 119 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Mohawk Industries by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 25,659 shares of the company's stock valued at $3,054,000 after purchasing an additional 120 shares during the last quarter. Contravisory Investment Management Inc. grew its stake in shares of Mohawk Industries by 2.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company's stock valued at $680,000 after buying an additional 121 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Mohawk Industries by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company's stock worth $819,000 after buying an additional 130 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Mohawk Industries by 0.7% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,065 shares of the company's stock worth $2,748,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 78.98% of the company's stock.
About Mohawk Industries
(
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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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