Mohawk Industries (NYSE:MHK) Now Covered by Deutsche Bank Aktiengesellschaft

Stock analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of Mohawk Industries (NYSE:MHK) in a note issued to investors on Tuesday. The firm set a “hold” rating and a $121.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 7.35% from the company’s current price.

Other analysts have also issued reports about the stock. Raymond James reissued a “strong-buy” rating and set a $165.00 price target (down from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. JPMorgan Chase & Co. cut their target price on Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Barclays dropped their price target on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Evercore ISI decreased their target price on Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating for the company in a report on Monday, February 10th. Finally, Robert W. Baird reduced their price target on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Seven 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.com, Mohawk Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.07.

Mohawk Industries Trading Down 1.3 %

Shares of NYSE MHK traded down $1.46 during trading hours on Tuesday, reaching $112.72. The stock had a trading volume of 16,094 shares, compared to its average volume of 720,943. The business’s fifty day moving average price is $118.70 and its two-hundred day moving average price is $131.93. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 1.44 and a beta of 1.44. Mohawk Industries has a 52-week low of $104.88 and a 52-week high of $164.29. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. Analysts expect that Mohawk Industries will post 9.8 EPS for the current fiscal year.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 10,500 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $10,616,168.96. This represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mohawk Industries

A number of institutional investors and hedge funds have recently bought and sold shares of MHK. Cerity Partners LLC purchased a new position in Mohawk Industries in the 3rd quarter worth approximately $1,935,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Mohawk Industries by 15.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,307 shares of the company’s stock valued at $1,977,000 after purchasing an additional 1,685 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in Mohawk Industries by 2.2% during the third quarter. Public Sector Pension Investment Board now owns 9,165 shares of the company’s stock worth $1,473,000 after buying an additional 200 shares during the last quarter. Hantz Financial Services Inc. grew its holdings 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 buying an additional 115 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Mohawk Industries by 95.2% in the 3rd 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 currently owned by institutional investors and hedge funds.

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.