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

Shares of Mohawk Industries, Inc. (NYSE:MHK) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $162.08.

MHK has been the subject of several recent research reports. Jefferies Financial Group raised their price target on Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada lowered their price target on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $160.00 to $196.00 in a report on Monday, October 21st. The Goldman Sachs Group boosted their price target on Mohawk Industries from $141.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. raised their target price on Mohawk Industries from $124.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of the stock in a transaction dated 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 sale, the insider now directly owns 118,709 shares in the company, valued at $17,979,665.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Suzanne L. Helen sold 2,300 shares of the firm’s stock in a transaction dated 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 owns 119,369 shares in the company, valued at approximately $18,042,624.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the insider now owns 118,709 shares in the company, valued at $17,979,665.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 17.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Mohawk Industries

A number of large investors have recently bought and sold shares of MHK. Quest Partners LLC raised its holdings in Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after purchasing an additional 84 shares during the last quarter. Blue Trust Inc. grew its position in Mohawk Industries by 85.6% in the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after purchasing an additional 167 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Mohawk Industries during the second quarter valued at approximately $50,000. Capital Performance Advisors LLP bought a new stake in shares of Mohawk Industries during the 3rd quarter worth $73,000. Finally, Quent Capital LLC raised its position in Mohawk Industries by 27.2% in the first quarter. Quent Capital LLC now owns 496 shares of the company’s stock worth $65,000 after acquiring an additional 106 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Stock Performance

NYSE:MHK opened at $147.60 on Friday. The firm’s fifty day simple moving average is $152.02 and its 200-day simple moving average is $135.09. Mohawk Industries has a fifty-two week low of $78.30 and a fifty-two week high of $164.29. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The stock has a market cap of $9.32 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38.

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.