Mohawk Industries (NYSE:MHK – Get Free Report) had its target price cut by equities research analysts at Truist Financial from $184.00 to $155.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target points to a potential upside of 17.06% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Barclays boosted their target price on Mohawk Industries from $118.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. The Goldman Sachs Group increased their price objective on shares of Mohawk Industries from $141.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Jefferies Financial Group boosted their target price on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Finally, Loop Capital raised their price objective on Mohawk Industries from $145.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.08.
Get Our Latest Analysis on Mohawk Industries
Mohawk Industries Trading Up 0.5 %
Insiders Place Their Bets
In other news, insider Suzanne L. Helen sold 700 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $146.97, for a total value of $102,879.00. Following the completion of the sale, the insider now owns 121,669 shares of the company’s stock, valued at approximately $17,881,692.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Suzanne L. Helen sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $146.97, for a total value of $102,879.00. Following the transaction, the insider now owns 121,669 shares in the company, valued at approximately $17,881,692.93. The trade was 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 2,300 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total transaction of $347,645.00. Following the sale, the insider now owns 119,369 shares of the company’s stock, valued at approximately $18,042,624.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,660 shares of company stock valued at $550,488. 17.10% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Mohawk Industries
Institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC lifted its stake in Mohawk Industries by 12.5% in the third quarter. Signaturefd LLC now owns 683 shares of the company’s stock valued at $110,000 after buying an additional 76 shares during the period. Quest Partners LLC lifted its position in shares of Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after acquiring an additional 84 shares during the period. Texas Permanent School Fund Corp boosted its stake in Mohawk Industries by 0.9% during the first quarter. Texas Permanent School Fund Corp now owns 10,927 shares of the company’s stock worth $1,430,000 after acquiring an additional 98 shares in the last quarter. State of Michigan Retirement System grew its holdings in Mohawk Industries by 0.7% in the second quarter. State of Michigan Retirement System now owns 14,545 shares of the company’s stock worth $1,652,000 after purchasing an additional 100 shares during the period. Finally, Quent Capital LLC increased its stake in Mohawk Industries by 27.2% in the first quarter. Quent Capital LLC now owns 496 shares of the company’s stock valued at $65,000 after purchasing an additional 106 shares in the last quarter. 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.
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