Analysts Set Mohawk Industries, Inc. (NYSE:MHK) Price Target at $159.17

Shares of Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirteen research firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $159.17.

A number of brokerages recently weighed in on MHK. Royal Bank of Canada dropped their target price on shares of Mohawk Industries from $140.00 to $134.00 and set a "sector perform" rating for the company in a research report on Monday, October 28th. Barclays dropped their price objective on shares of Mohawk Industries from $146.00 to $141.00 and set an "equal weight" rating for the company in a report on Wednesday, December 11th. Wells Fargo & Company reduced their target price on Mohawk Industries from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. Baird R W raised Mohawk Industries from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 21st. Finally, StockNews.com lowered Mohawk Industries from a "buy" rating to a "hold" rating in a research report on Wednesday.

Mohawk Industries Price Performance

Mohawk Industries stock traded up $2.34 during midday trading on Friday, reaching $119.16. 1,628,017 shares of the stock were exchanged, compared to its average volume of 628,050. Mohawk Industries has a 52 week low of $96.28 and a 52 week 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 firm has a market cap of $7.52 billion, a PE ratio of 13.49, a PEG ratio of 1.41 and a beta of 1.38. The company's fifty day moving average is $139.09 and its 200-day moving average is $139.13.

Insider Activity

In related news, insider Suzanne L. Helen sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total transaction of $270,960.00. Following the completion of the transaction, the insider now owns 2,453 shares of the company's stock, valued at $332,332.44. This trade represents a 44.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 19,078 shares of company stock worth $2,474,347. Corporate insiders own 17.10% of the company's stock.

Institutional Investors Weigh In On Mohawk Industries

Several institutional investors have recently modified their holdings of the business. Signaturefd LLC grew its holdings in shares of Mohawk Industries by 12.5% in the third quarter. Signaturefd LLC now owns 683 shares of the company's stock worth $110,000 after acquiring an additional 76 shares during the period. Quest Partners LLC boosted its position in Mohawk Industries by 40.0% in the second quarter. Quest Partners LLC now owns 294 shares of the company's stock worth $33,000 after purchasing an additional 84 shares during the last quarter. State of Michigan Retirement System grew its stake in shares of Mohawk Industries by 0.7% during the 2nd quarter. State of Michigan Retirement System now owns 14,545 shares of the company's stock valued at $1,652,000 after purchasing an additional 100 shares during the period. Allworth Financial LP increased its position in shares of Mohawk Industries by 20.6% during the 3rd quarter. Allworth Financial LP now owns 626 shares of the company's stock valued at $101,000 after purchasing an additional 107 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of Mohawk Industries by 7.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company's stock worth $266,000 after purchasing an additional 115 shares during the period. 78.98% of the stock is owned by hedge funds and other 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.