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

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

A number of research analysts have commented on MHK shares. Wolfe Research upgraded shares of Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group dropped their target price on shares of Mohawk Industries from $170.00 to $145.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Wells Fargo & Company cut their target price on shares of Mohawk Industries from $135.00 to $130.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. Barclays decreased their price target on Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. Finally, Raymond James reissued 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.

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Insider Activity

In other news, insider Suzanne L. Helen sold 4,000 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the completion of the sale, the insider now directly owns 104,084 shares of the company's stock, valued at $13,126,033.24. This represents a 3.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 17,078 shares of company stock valued at $2,203,387 in the last 90 days. 17.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Mohawk Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,229,786 shares of the company's stock valued at $742,154,000 after buying an additional 20,327 shares during the period. JPMorgan Chase & Co. grew its stake in Mohawk Industries by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,215,616 shares of the company's stock valued at $383,076,000 after acquiring an additional 191,077 shares during the period. FMR LLC increased its holdings in shares of Mohawk Industries by 52.3% in the third quarter. FMR LLC now owns 2,179,510 shares of the company's stock worth $350,204,000 after acquiring an additional 748,070 shares in the last quarter. State Street Corp raised its position in shares of Mohawk Industries by 1.3% during the third quarter. State Street Corp now owns 1,846,446 shares of the company's stock worth $296,687,000 after purchasing an additional 23,016 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Mohawk Industries by 16.3% during the 4th quarter. Invesco Ltd. now owns 1,725,383 shares of the company's stock valued at $205,545,000 after purchasing an additional 241,448 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company's stock.

Mohawk Industries Stock Performance

MHK stock traded down $1.03 during trading on Friday, reaching $115.98. 697,839 shares of the stock were exchanged, compared to its average volume of 692,423. Mohawk Industries has a twelve month low of $104.88 and a twelve month high of $164.29. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $7.26 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44. The stock has a 50 day simple moving average of $120.96 and a 200-day simple moving average of $136.15.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. As a group, sell-side analysts anticipate that Mohawk Industries will post 9.8 earnings per share for the current year.

About Mohawk Industries

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.