Mohawk Industries (NYSE:MHK) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Mohawk Industries (NYSE:MHK) from a buy rating to a hold rating in a research report released on Friday.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company dropped their price target on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Loop Capital decreased their price target on Mohawk Industries from $180.00 to $155.00 and set a “buy” rating for the company in a report on Monday, February 10th. Raymond James reaffirmed a “strong-buy” rating and set a $165.00 target price (down from $185.00) on shares of Mohawk Industries in a research note on Monday, February 10th. Robert W. Baird reduced their target price on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Finally, Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research note on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $146.92.

Mohawk Industries Stock Down 2.2 %

NYSE:MHK opened at $111.75 on Friday. Mohawk Industries has a twelve month low of $104.88 and a twelve month high of $164.29. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44. The stock has a fifty day simple moving average of $120.12 and a 200-day simple moving average of $133.33. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, beating 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 anticipate that Mohawk Industries will post 9.8 EPS for the current year.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the completion of the sale, the insider now owns 93,584 shares of the company’s stock, valued at approximately $10,616,168.96. The trade was a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 17.10% of the company’s stock.

Institutional Investors Weigh In On Mohawk Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. 111 Capital acquired a new stake in shares of Mohawk Industries during the 4th quarter worth approximately $380,000. QSM Asset Management Ltd acquired a new stake in shares of Mohawk Industries during the 4th quarter valued at $6,002,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Mohawk Industries in the fourth quarter valued at $1,564,000. Jefferies Financial Group Inc. purchased a new stake in shares of Mohawk Industries in the fourth quarter valued at $799,000. Finally, Forum Financial Management LP purchased a new stake in shares of Mohawk Industries during the fourth quarter worth $273,000. Hedge funds and other institutional investors 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.