Mohawk Industries, Inc. (NYSE:MHK) Given Consensus Rating of “Hold” by Brokerages

Mohawk Industries, Inc. (NYSE:MHK – Get Rating) has earned an average rating of “Hold” from the sixteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $126.38.

A number of equities analysts recently commented on the stock. The Goldman Sachs Group decreased their target price on shares of Mohawk Industries from $156.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, October 12th. Barclays decreased their target price on shares of Mohawk Industries from $90.00 to $83.00 in a research report on Wednesday, December 14th. Bank of America cut shares of Mohawk Industries from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $140.00 to $100.00 in a research report on Tuesday, October 18th. Credit Suisse Group decreased their price objective on shares of Mohawk Industries to $109.00 in a research report on Thursday, October 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mohawk Industries from $104.00 to $121.00 and gave the company a “hold” rating in a research report on Tuesday, January 10th.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $103.20, for a total transaction of $1,032,000.00. Following the completion of the sale, the insider now directly owns 15,953 shares of the company’s stock, valued at $1,646,349.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 17.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mohawk Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kinneret Advisory LLC lifted its position in Mohawk Industries by 2.3% during the first quarter. Kinneret Advisory LLC now owns 3,451 shares of the company’s stock valued at $429,000 after purchasing an additional 77 shares during the last quarter. Captrust Financial Advisors lifted its position in Mohawk Industries by 3.3% during the first quarter. Captrust Financial Advisors now owns 2,708 shares of the company’s stock valued at $336,000 after purchasing an additional 86 shares during the last quarter. Utah Retirement Systems lifted its position in Mohawk Industries by 1.1% during the third quarter. Utah Retirement Systems now owns 9,455 shares of the company’s stock valued at $862,000 after purchasing an additional 100 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Mohawk Industries by 0.8% in the third quarter. MetLife Investment Management LLC now owns 13,993 shares of the company’s stock valued at $1,276,000 after acquiring an additional 106 shares during the period. Finally, Cardinal Capital Management raised its stake in shares of Mohawk Industries by 2.6% in the third quarter. Cardinal Capital Management now owns 5,191 shares of the company’s stock valued at $473,000 after acquiring an additional 130 shares during the period. Institutional investors own 75.85% of the company’s stock.

Mohawk Industries Trading Up 2.9 %

MHK opened at $114.60 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.50 and a quick ratio of 0.76. Mohawk Industries has a fifty-two week low of $87.01 and a fifty-two week high of $161.03. The firm has a market capitalization of $7.28 billion, a PE ratio of 44.42, a P/E/G ratio of 2.58 and a beta of 1.24. The company’s 50-day moving average is $104.02 and its 200 day moving average is $107.43.

Mohawk Industries (NYSE:MHK – Get Rating) last released its earnings results on Thursday, October 27th. The company reported $3.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.34. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $3.02 billion. Mohawk Industries had a net margin of 1.53% and a return on equity of 11.32%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.95 EPS. As a group, research analysts predict that Mohawk Industries will post 13.02 earnings per share for the current fiscal year.

About Mohawk Industries

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Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).