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

Shares of Mohawk Industries, Inc. (NYSE:MHK) have been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $162.08.

Several brokerages recently weighed in on MHK. Bank of America upgraded Mohawk Industries from an “underperform” rating to a “buy” rating and increased their target price for the company from $120.00 to $177.00 in a research note on Friday, July 26th. Barclays lowered their price objective on shares of Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Loop Capital upped their target price on shares of Mohawk Industries from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Royal Bank of Canada decreased their price target on shares of 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. Finally, The Goldman Sachs Group upped their price objective on shares of Mohawk Industries from $141.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 29th.

Mohawk Industries Price Performance

Shares of NYSE:MHK opened at $145.94 on Friday. The stock has a market capitalization of $9.21 billion, a P/E ratio of 16.53, a P/E/G ratio of 1.62 and a beta of 1.38. The business has a 50-day moving average of $151.67 and a two-hundred day moving average of $135.41. Mohawk Industries has a fifty-two week low of $78.30 and a fifty-two week high of $164.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09.

Insider Activity

In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were 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 in the company, valued at approximately $17,979,665.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Suzanne L. Helen sold 2,300 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $151.15, for a total value of $347,645.00. Following the completion of the transaction, the insider now directly owns 119,369 shares of the company’s stock, valued at approximately $18,042,624.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Suzanne L. Helen sold 660 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the sale, the insider now owns 118,709 shares in the company, valued at $17,979,665.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 17.10% of the stock is currently owned by company insiders.

Institutional Trading of Mohawk Industries

A number of institutional investors have recently made changes to their positions in the business. Quest Partners LLC increased its stake in Mohawk Industries by 40.0% in the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after buying an additional 84 shares during the last quarter. Headlands Technologies LLC bought a new stake in Mohawk Industries during the second quarter worth about $50,000. Blue Trust Inc. increased its position in shares of Mohawk Industries by 85.6% during the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after purchasing an additional 167 shares during the last quarter. Quent Capital LLC raised its stake in shares of Mohawk Industries by 27.2% during the 1st quarter. Quent Capital LLC now owns 496 shares of the company’s stock worth $65,000 after purchasing an additional 106 shares in the last quarter. Finally, AM Squared Ltd bought a new position in shares of Mohawk Industries in the second quarter valued at $68,000. Institutional investors own 78.98% of the company’s stock.

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.