Loop Capital Lowers Mohawk Industries (NYSE:MHK) Price Target to $155.00

Mohawk Industries (NYSE:MHK - Get Free Report) had its target price decreased by equities researchers at Loop Capital from $180.00 to $155.00 in a report released on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. Loop Capital's price objective would indicate a potential upside of 29.90% from the company's current price.

Several other analysts also recently issued reports on the company. StockNews.com downgraded Mohawk Industries from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Baird R W upgraded Mohawk Industries from a "hold" rating to a "strong-buy" rating in a report on Monday, October 21st. Raymond James restated a "strong-buy" rating and issued a $165.00 price target (down previously from $185.00) on shares of Mohawk Industries in a report on Monday. Barclays dropped their price objective on shares of Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group reduced their target price on shares of Mohawk Industries from $170.00 to $145.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $146.92.

Mohawk Industries Trading Up 2.2 %

Mohawk Industries stock traded up $2.57 during trading on Monday, hitting $119.32. The company's stock had a trading volume of 353,200 shares, compared to its average volume of 822,052. The stock's fifty day moving average is $123.32 and its 200 day moving average is $140.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. Mohawk Industries has a 1-year low of $104.88 and a 1-year high of $164.29. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 1.60 and a beta of 1.41.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts predict that Mohawk Industries will post 10.71 EPS for the current year.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 4,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $126.11, for a total transaction of $504,440.00. Following the sale, the insider now owns 104,084 shares in the company, valued at $13,126,033.24. This represents a 3.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 19,078 shares of company stock worth $2,474,347. 17.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mohawk Industries

Several institutional investors have recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC acquired a new position in Mohawk Industries during the 3rd quarter valued at approximately $36,000. Resona Asset Management Co. Ltd. bought a new stake in Mohawk Industries in the fourth quarter valued at $41,000. Wilmington Savings Fund Society FSB bought a new stake in Mohawk Industries in the third quarter valued at $55,000. Blue Trust Inc. boosted its holdings in shares of Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company's stock valued at $58,000 after acquiring an additional 167 shares during the period. Finally, True Wealth Design LLC bought a new position in shares of Mohawk Industries during the third quarter worth about $61,000. 78.98% of the stock is owned by institutional investors.

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.