Mohawk Industries (NYSE:MHK) Price Target Lowered to $125.00 at Barclays

Mohawk Industries (NYSE:MHK - Free Report) had its price target trimmed by Barclays from $130.00 to $125.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts also recently commented on the company. Wolfe Research upgraded Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a report on Wednesday, January 8th. Robert W. Baird dropped their price objective on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a report on Monday. The Goldman Sachs Group lowered their price target on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Bank of America lowered their price target on Mohawk Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a report on Monday. Finally, Loop Capital lowered their price target on Mohawk Industries from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $146.92.

Mohawk Industries Stock Up 2.6 %

Shares of NYSE MHK traded up $3.03 during trading hours on Monday, hitting $119.78. The stock had a trading volume of 655,491 shares, compared to its average volume of 833,465. The firm's 50-day moving average price is $123.32 and its two-hundred day moving average price is $140.07. Mohawk Industries has a 52 week low of $104.88 and a 52 week high of $164.29. The company has a market capitalization of $7.56 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.60 and a beta of 1.41. 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 (NYSE:MHK - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.00% and a net margin of 4.78%. Analysts anticipate that Mohawk Industries will post 10.71 EPS for the current fiscal year.

Insider Transactions at Mohawk Industries

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lodge Hill Capital LLC lifted its position in Mohawk Industries by 406.3% in the fourth quarter. Lodge Hill Capital LLC now owns 258,220 shares of the company's stock worth $30,762,000 after purchasing an additional 207,220 shares during the period. Jump Financial LLC lifted its position in Mohawk Industries by 151.5% in the fourth quarter. Jump Financial LLC now owns 39,144 shares of the company's stock worth $4,663,000 after purchasing an additional 23,578 shares during the period. Bridgewater Associates LP lifted its position in Mohawk Industries by 84.5% in the fourth quarter. Bridgewater Associates LP now owns 128,014 shares of the company's stock worth $15,250,000 after purchasing an additional 58,636 shares during the period. Canada Post Corp Registered Pension Plan bought a new position in Mohawk Industries in the fourth quarter worth $120,000. Finally, Mariner LLC lifted its position in Mohawk Industries by 24.4% in the fourth quarter. Mariner LLC now owns 15,606 shares of the company's stock worth $1,859,000 after purchasing an additional 3,057 shares during the period. 78.98% of the stock is owned by institutional investors.

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.