Mohawk Industries, Inc. (NYSE:MHK) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fifteen analysts that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $142.57.

Several research firms have weighed in on MHK. Wolfe Research upgraded shares of Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a report on Wednesday, January 8th. Robert W. Baird dropped their price target on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. StockNews.com upgraded shares of Mohawk Industries from a "hold" rating to a "buy" rating in a report on Friday, April 25th. Raymond James reiterated a "strong-buy" rating and issued a $165.00 price target (down from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th. Finally, Evercore ISI lowered their price objective on Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a research report on Monday, February 10th.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 10,500 shares of the firm's stock in a transaction on 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 directly owns 93,584 shares of the company's stock, valued at $10,616,168.96. This trade represents a 10.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 17.40% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Resona Asset Management Co. Ltd. acquired a new stake in Mohawk Industries in the 4th quarter worth approximately $41,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Mohawk Industries during the 3rd quarter worth about $55,000. Versant Capital Management Inc grew its position in Mohawk Industries by 71.0% in the 4th quarter. Versant Capital Management Inc now owns 537 shares of the company's stock worth $64,000 after purchasing an additional 223 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Mohawk Industries by 36.2% during the 1st quarter. Allworth Financial LP now owns 595 shares of the company's stock worth $65,000 after purchasing an additional 158 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Mohawk Industries in the fourth quarter valued at about $66,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Mohawk Industries Stock Performance

NYSE:MHK traded up $0.32 during midday trading on Friday, reaching $106.67. The stock had a trading volume of 107,350 shares, compared to its average volume of 734,814. The stock has a market cap of $6.67 billion, a P/E ratio of 13.12, a P/E/G ratio of 1.44 and a beta of 1.23. The firm has a fifty day simple moving average of $110.62 and a two-hundred day simple moving average of $123.88. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. Mohawk Industries has a 12-month low of $96.24 and a 12-month high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. On average, equities analysts expect that Mohawk Industries will post 9.8 EPS for the current year.

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.