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

Shares of Mohawk Industries, Inc. (NYSE:MHK) have been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $159.17.

Several research firms recently issued reports on MHK. Robert W. Baird raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Wells Fargo & Company reduced their price objective on shares of Mohawk Industries from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Jefferies Financial Group lifted their target price on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Barclays cut their price target on Mohawk Industries from $146.00 to $141.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Finally, Loop Capital decreased their price target on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, December 4th.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,000 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total value of $270,960.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 19,078 shares of company stock valued at $2,474,347. Insiders own 17.10% of the company’s stock.

Institutional Investors Weigh In On Mohawk Industries

Several large investors have recently bought and sold shares of the business. Signaturefd LLC lifted its position in Mohawk Industries by 12.5% during the third quarter. Signaturefd LLC now owns 683 shares of the company’s stock valued at $110,000 after purchasing an additional 76 shares during the last quarter. Quest Partners LLC raised its position in shares of Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after buying an additional 84 shares in the last quarter. State of Michigan Retirement System raised its position in shares of Mohawk Industries by 0.7% during the 2nd quarter. State of Michigan Retirement System now owns 14,545 shares of the company’s stock valued at $1,652,000 after buying an additional 100 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Mohawk Industries by 20.6% in the 3rd quarter. Allworth Financial LP now owns 626 shares of the company’s stock valued at $101,000 after acquiring an additional 107 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in Mohawk Industries by 7.5% in the third quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company’s stock worth $266,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

Shares of MHK opened at $118.82 on Friday. The business has a 50-day simple moving average of $135.07 and a two-hundred day simple moving average of $138.94. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. Mohawk Industries has a 52 week low of $96.28 and a 52 week high of $164.29. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.41 and a beta of 1.38.

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.