Mohawk Industries, Inc. (NYSE:MHK) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) have been given an average rating of "Moderate Buy" by the fourteen research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $146.92.

MHK has been the topic of several research analyst reports. Robert W. Baird lowered their target price on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a research note on Monday. Truist Financial decreased their target price on shares of Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a research note on Monday. StockNews.com cut shares of Mohawk Industries from a "buy" rating to a "hold" rating in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their price objective on Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Wells Fargo & Company dropped their target price on Mohawk Industries from $135.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th.

Mohawk Industries Trading Up 2.6 %

Shares of NYSE:MHK traded up $3.03 during mid-day trading on Monday, hitting $119.78. The stock had a trading volume of 655,491 shares, compared to its average volume of 833,465. Mohawk Industries has a 12-month low of $104.88 and a 12-month high of $164.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. The company has a market cap of $7.56 billion, a PE ratio of 14.73, a P/E/G ratio of 1.60 and a beta of 1.41. The company's 50 day moving average is $123.32 and its 200-day moving average is $140.07.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.95 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%. On average, sell-side analysts predict that Mohawk Industries will post 10.71 EPS for the current year.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,000 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total value of $270,960.00. Following the sale, the insider now directly owns 2,453 shares in the company, valued at $332,332.44. This trade represents a 44.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders sold 19,078 shares of company stock worth $2,474,347. 17.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Mohawk Industries

Hedge funds have recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC acquired a new stake in Mohawk Industries during the third quarter valued at approximately $36,000. Resona Asset Management Co. Ltd. acquired a new stake in Mohawk Industries in the 4th 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. raised its stake in Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company's stock worth $58,000 after acquiring an additional 167 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in shares of Mohawk Industries during the third quarter valued at $61,000. 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.