Recent Investment Analysts’ Ratings Changes for Mohawk Industries (MHK)

Mohawk Industries (NYSE: MHK) recently received a number of ratings updates from brokerages and research firms:

  • 2/12/2024 – Mohawk Industries had its price target raised by analysts at Royal Bank of Canada from $101.00 to $106.00. They now have a “sector perform” rating on the stock.
  • 2/12/2024 – Mohawk Industries had its price target raised by analysts at Barclays PLC from $100.00 to $122.00. They now have an “equal weight” rating on the stock.
  • 2/12/2024 – Mohawk Industries was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating. They now have a $152.00 price target on the stock, up previously from $98.00.
  • 2/9/2024 – Mohawk Industries was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 1/22/2024 – Mohawk Industries had its price target lowered by analysts at Wells Fargo & Company from $105.00 to $100.00. They now have an “underweight” rating on the stock.
  • 1/12/2024 – Mohawk Industries was upgraded by analysts at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating. They now have a $101.00 price target on the stock, up previously from $80.00.
  • 1/11/2024 – Mohawk Industries had its price target raised by analysts at The Goldman Sachs Group, Inc. from $105.00 to $120.00. They now have a “buy” rating on the stock.
  • 1/3/2024 – Mohawk Industries was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 12/18/2023 – Mohawk Industries was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Mohawk Industries Price Performance

Shares of NYSE:MHK opened at $117.24 on Tuesday. The firm’s 50 day moving average price is $102.46 and its 200-day moving average price is $94.35. The stock has a market capitalization of $7.47 billion, a PE ratio of -16.94 and a beta of 1.31. Mohawk Industries, Inc. has a twelve month low of $76.02 and a twelve month high of $119.97. The company has a quick ratio of 0.97, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHKGet Free Report) last released its earnings results on Friday, February 9th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.10. Mohawk Industries had a negative net margin of 3.95% and a positive return on equity of 7.52%. The company had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the firm posted $1.32 EPS. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts expect that Mohawk Industries, Inc. will post 9.74 EPS for the current year.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 5,500 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $94.09, for a total value of $517,495.00. Following the completion of the sale, the insider now directly owns 8,953 shares in the company, valued at $842,387.77. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 17.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mohawk Industries

Several institutional investors have recently made changes to their positions in MHK. Gyon Technologies Capital Management LP acquired a new position in shares of Mohawk Industries during the fourth quarter valued at about $30,000. Rockefeller Capital Management L.P. increased its holdings in shares of Mohawk Industries by 143.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 307 shares of the company’s stock valued at $31,000 after acquiring an additional 181 shares in the last quarter. Natixis acquired a new position in shares of Mohawk Industries during the second quarter valued at about $40,000. UniSuper Management Pty Ltd acquired a new position in shares of Mohawk Industries during the second quarter valued at about $41,000. Finally, Huntington National Bank increased its holdings in shares of Mohawk Industries by 36.0% during the third quarter. Huntington National Bank now owns 540 shares of the company’s stock valued at $46,000 after acquiring an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

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, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

Featured Articles

Receive News & Ratings for Mohawk Industries Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries Inc and related companies with MarketBeat.com's FREE daily email newsletter.