Robert W. Baird Lowers Mohawk Industries (NYSE:MHK) Price Target to $152.00

Mohawk Industries (NYSE:MHK) had its target price cut by Robert W. Baird from $160.00 to $152.00 in a research note released on Monday,Benzinga reports. They currently have an outperform rating on the stock.

MHK has been the subject of a number of other research reports. Baird R W upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Royal Bank of Canada decreased their price target on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. The Goldman Sachs Group cut their price objective on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Truist Financial lowered their price target on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Finally, Wolfe Research raised shares of 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. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mohawk Industries currently has an average rating of “Moderate Buy” and an average target price of $147.29.

Mohawk Industries Trading Down 2.2 %

Shares of MHK stock opened at $117.73 on Monday. The company has a market capitalization of $7.43 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $123.93 and its two-hundred day moving average is $140.53. Mohawk Industries has a twelve month low of $104.88 and a twelve month high of $164.29.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.00%. Equities analysts forecast that Mohawk Industries will post 10.71 EPS for the current year.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total value of $270,960.00. Following the completion of the transaction, the insider now owns 2,453 shares of the company’s stock, valued at $332,332.44. The trade was a 44.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 19,078 shares of company stock worth $2,474,347. 17.10% of the stock is owned by insiders.

Institutional Trading of Mohawk Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Mohawk Industries during the third quarter worth $36,000. Wilmington Savings Fund Society FSB acquired a new stake in Mohawk Industries in the 3rd quarter worth about $55,000. Blue Trust Inc. grew its holdings in Mohawk Industries by 85.6% in the 3rd 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 period. True Wealth Design LLC acquired a new position in shares of Mohawk Industries during the 3rd quarter valued at about $61,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Mohawk Industries during the 3rd quarter worth about $73,000. 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.