Mohawk Industries (NYSE:MHK) Price Target Lowered to $146.00 at Barclays

Mohawk Industries (NYSE:MHK) had its price objective decreased by Barclays from $161.00 to $146.00 in a research note released on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other research firms also recently commented on MHK. 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. JPMorgan Chase & Co. lifted their price target on Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Loop Capital upped their price objective on Mohawk Industries from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Bank of America upgraded Mohawk Industries from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $120.00 to $177.00 in a research report on Friday, July 26th. Finally, Baird R W raised Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $162.08.

Mohawk Industries Trading Down 0.8 %

NYSE:MHK opened at $134.27 on Monday. Mohawk Industries has a one year low of $78.30 and a one year high of $164.29. The business’s 50-day simple moving average is $153.58 and its 200 day simple moving average is $134.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.92. The stock has a market cap of $8.48 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 1.11 and a beta of 1.37.

Insider Activity

In related news, insider Suzanne L. Helen sold 2,300 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $151.15, for a total transaction of $347,645.00. Following the completion of the sale, the insider now directly owns 119,369 shares in the company, valued at approximately $18,042,624.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Suzanne L. Helen sold 660 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the transaction, the insider now owns 118,709 shares in the company, valued at $17,979,665.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Suzanne L. Helen sold 2,300 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $151.15, for a total value of $347,645.00. Following the sale, the insider now owns 119,369 shares in the company, valued at approximately $18,042,624.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,660 shares of company stock worth $550,488. Corporate insiders own 17.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Mohawk Industries during the 1st quarter worth approximately $1,450,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Mohawk Industries during the first quarter valued at $1,450,000. Sei Investments Co. raised its position in Mohawk Industries by 2,040.6% during the first quarter. Sei Investments Co. now owns 62,720 shares of the company’s stock valued at $8,209,000 after buying an additional 59,790 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in Mohawk Industries by 20.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 61,447 shares of the company’s stock worth $8,043,000 after acquiring an additional 10,274 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Mohawk Industries by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 6,257,677 shares of the company’s stock worth $819,067,000 after acquiring an additional 17,541 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.

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.