Mohawk Industries, Inc. (NYSE:MHK) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Mohawk Industries, Inc. (NYSE:MHK) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $146.92.

Several equities analysts have issued reports on the company. Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a report on Wednesday, January 8th. Wells Fargo & Company decreased their target price on shares of Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Barclays decreased their target price on shares of Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. StockNews.com downgraded shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Robert W. Baird decreased their target price on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a research note on Monday, February 10th.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $118.37 on Friday. The stock’s 50-day moving average is $121.02 and its two-hundred day moving average is $136.68. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.44 and a beta of 1.41. Mohawk Industries has a 1 year low of $104.88 and a 1 year high of $164.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. Analysts predict that Mohawk Industries will post 9.8 earnings per share for the current year.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $127.75, for a total value of $511,000.00. Following the completion of the sale, the insider now owns 108,084 shares in the company, valued at $13,807,731. This trade represents a 3.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 17,078 shares of company stock worth $2,203,387 over the last 90 days. Company insiders own 17.10% of the company’s stock.

Institutional Investors Weigh In On Mohawk Industries

A number of hedge funds have recently added to or reduced their stakes in MHK. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Mohawk Industries during the 3rd quarter worth approximately $36,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Mohawk Industries during the 4th quarter worth approximately $41,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Mohawk Industries during the 3rd quarter worth approximately $55,000. True Wealth Design LLC purchased a new stake in shares of Mohawk Industries during the 3rd quarter worth approximately $61,000. Finally, Versant Capital Management Inc boosted its stake in shares of Mohawk Industries by 71.0% during the 4th quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock worth $64,000 after acquiring an additional 223 shares in the last quarter. Institutional investors and hedge funds 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.