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

Mohawk Industries, Inc. (NYSE:MHK) has earned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Five investment 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 twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $146.92.

Several equities analysts recently weighed in on MHK shares. Loop Capital cut their price objective on Mohawk Industries from $180.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Bank of America reduced their price objective on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their target price on shares of Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company reduced their price target on shares of Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Finally, Evercore ISI dropped their price objective on shares of Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a report on Monday, February 10th.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the completion of the sale, the insider now owns 93,584 shares in the company, valued at $10,616,168.96. This trade represents a 10.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 17.10% of the company’s stock.

Institutional Trading of Mohawk Industries

Large investors have recently added to or reduced their stakes in the company. Cerity Partners LLC acquired a new position in Mohawk Industries in the third quarter worth $1,935,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Mohawk Industries by 15.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,307 shares of the company’s stock worth $1,977,000 after acquiring an additional 1,685 shares during the last quarter. Public Sector Pension Investment Board increased its position in Mohawk Industries by 2.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 9,165 shares of the company’s stock valued at $1,473,000 after acquiring an additional 200 shares in the last quarter. Hantz Financial Services Inc. increased its position in Mohawk Industries by 7.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company’s stock valued at $266,000 after acquiring an additional 115 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Mohawk Industries by 95.2% in the third quarter. Captrust Financial Advisors now owns 4,756 shares of the company’s stock worth $764,000 after acquiring an additional 2,319 shares during the last quarter. 78.98% of the stock is owned by institutional investors.

Mohawk Industries Stock Up 0.5 %

MHK opened at $114.29 on Tuesday. Mohawk Industries has a twelve month low of $104.88 and a twelve month high of $164.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The business has a 50 day moving average price of $118.70 and a 200 day moving average price of $131.93. The firm has a market cap of $7.15 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44.

Mohawk Industries (NYSE:MHK) last posted its earnings results 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 net margin of 4.78% and a return on equity of 8.04%. Research analysts forecast that Mohawk Industries will post 9.8 EPS for the current year.

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.