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

Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirteen ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $162.08.

Several research analysts have weighed in on the company. Royal Bank of Canada lowered their price target on Mohawk Industries from $140.00 to $134.00 and set a "sector perform" rating on the stock in a research report on Monday, October 28th. Robert W. Baird upgraded shares of Mohawk Industries from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Wells Fargo & Company upgraded shares of Mohawk Industries from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $140.00 to $160.00 in a research note on Monday, October 7th. Jefferies Financial Group boosted their price objective on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Finally, Baird R W upgraded shares of Mohawk Industries from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 21st.

Insider Buying and Selling

In other news, insider Suzanne L. Helen sold 660 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the sale, the insider now directly owns 118,709 shares of the company's stock, valued at approximately $17,979,665.14. This represents a 0.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Mohawk Industries

Several institutional investors and hedge funds have recently bought and sold shares of MHK. Meeder Asset Management Inc. boosted its holdings in shares of Mohawk Industries by 8.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 84,535 shares of the company's stock valued at $13,583,000 after purchasing an additional 6,863 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in Mohawk Industries in the second quarter valued at $1,253,000. Thompson Siegel & Walmsley LLC raised its position in shares of Mohawk Industries by 115.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 90,784 shares of the company's stock worth $10,312,000 after acquiring an additional 48,653 shares during the last quarter. Natixis Advisors LLC raised its holdings in Mohawk Industries by 19.8% during the 3rd quarter. Natixis Advisors LLC now owns 87,477 shares of the company's stock worth $14,056,000 after purchasing an additional 14,480 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Mohawk Industries by 4.5% in the second quarter. American Century Companies Inc. now owns 914,578 shares of the company's stock valued at $103,887,000 after buying an additional 39,653 shares during the period. Institutional investors own 78.98% of the company's stock.

Mohawk Industries Stock Down 0.6 %

Shares of NYSE MHK traded down $0.82 during mid-day trading on Wednesday, hitting $139.10. The company had a trading volume of 402,989 shares, compared to its average volume of 716,411. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The firm has a 50-day simple moving average of $148.92 and a two-hundred day simple moving average of $137.71. The company has a market capitalization of $8.78 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 1.60 and a beta of 1.38. Mohawk Industries has a one year low of $83.15 and a one year high of $164.29.

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.