Mohawk Industries (NYSE:MHK) Price Target Lowered to $155.00 at Truist Financial

Mohawk Industries (NYSE:MHK) had its target price lowered by Truist Financial from $184.00 to $155.00 in a research report released on Monday morning, Benzinga reports. The firm currently has a buy rating on the stock.

MHK has been the subject of several other reports. Jefferies Financial Group upped their price target on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Bank of America upgraded Mohawk Industries from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $120.00 to $177.00 in a research report on Friday, July 26th. Loop Capital raised their target price on shares of Mohawk Industries from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their price target for the company from $160.00 to $196.00 in a report on Monday, October 21st. Five research 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.com, Mohawk Industries currently has an average rating of “Moderate Buy” and a consensus target price of $162.08.

Mohawk Industries Trading Down 0.8 %

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

Insider Activity at Mohawk Industries

In other Mohawk Industries news, 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 value of $347,645.00. Following the completion of the transaction, the insider now owns 119,369 shares in the company, valued at approximately $18,042,624.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Suzanne L. Helen sold 660 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 118,709 shares of the company’s stock, valued at $17,979,665.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Suzanne L. Helen sold 2,300 shares of Mohawk Industries stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $151.15, for a total value of $347,645.00. Following the transaction, the insider now owns 119,369 shares of the company’s stock, valued at $18,042,624.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,660 shares of company stock worth $550,488 over the last ninety days. 17.10% of the stock is owned by corporate insiders.

Institutional Trading of Mohawk Industries

Institutional investors have recently bought and sold shares of the company. Quest Partners LLC grew its holdings in shares of Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after buying an additional 84 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Mohawk Industries during the second quarter valued at $50,000. Blue Trust Inc. boosted its position in shares of Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after buying an additional 167 shares during the last quarter. Quent Capital LLC raised its position in Mohawk Industries by 27.2% in the 1st quarter. Quent Capital LLC now owns 496 shares of the company’s stock worth $65,000 after buying an additional 106 shares during the last quarter. Finally, AM Squared Ltd purchased a new stake in shares of Mohawk Industries during the 2nd quarter valued at about $68,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

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.