Free Trial

Mohawk Industries (NYSE:MHK) Trading Down 3.6%

Mohawk Industries logo with Consumer Discretionary background

Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) was down 3.6% during mid-day trading on Tuesday . The company traded as low as $108.63 and last traded at $108.71. Approximately 57,768 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 668,136 shares. The stock had previously closed at $112.77.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MHK shares. Barclays cut their target price on shares of Mohawk Industries from $122.00 to $120.00 and set an "equal weight" rating on the stock in a report on Monday, April 29th. Royal Bank of Canada lifted their price target on Mohawk Industries from $106.00 to $108.00 and gave the company a "sector perform" rating in a report on Monday, April 29th. Loop Capital cut their price target on Mohawk Industries from $140.00 to $135.00 and set a "buy" rating on the stock in a report on Monday, April 29th. TheStreet raised Mohawk Industries from a "d+" rating to a "c-" rating in a report on Monday, March 4th. Finally, Truist Financial lifted their price target on Mohawk Industries from $127.00 to $140.00 and gave the company a "buy" rating in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $123.20.

Get Our Latest Stock Analysis on MHK

Mohawk Industries Stock Down 5.7 %

The company has a quick ratio of 1.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.22. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of -16.26, a price-to-earnings-growth ratio of 1.12 and a beta of 1.40. The stock's 50 day moving average is $115.63 and its 200 day moving average is $113.07.


Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.16. Mohawk Industries had a negative net margin of 3.77% and a positive return on equity of 7.72%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter last year, the business earned $1.75 earnings per share. The business's revenue for the quarter was down 4.5% on a year-over-year basis. Analysts forecast that Mohawk Industries, Inc. will post 9.68 EPS for the current year.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 1,800 shares of Mohawk Industries stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $111.74, for a total value of $201,132.00. Following the transaction, the insider now owns 122,369 shares in the company, valued at $13,673,512.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. 17.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP grew its position in Mohawk Industries by 70.4% during the 4th quarter. Quarry LP now owns 421 shares of the company's stock worth $44,000 after purchasing an additional 174 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Mohawk Industries by 88.1% during the 4th quarter. Allworth Financial LP now owns 521 shares of the company's stock valued at $54,000 after buying an additional 244 shares during the period. Signaturefd LLC boosted its stake in shares of Mohawk Industries by 29.4% during the 4th quarter. Signaturefd LLC now owns 563 shares of the company's stock valued at $58,000 after buying an additional 128 shares during the period. Quent Capital LLC boosted its stake in shares of Mohawk Industries by 27.2% during the 1st quarter. Quent Capital LLC now owns 496 shares of the company's stock valued at $65,000 after buying an additional 106 shares during the period. Finally, TFO Wealth Partners LLC boosted its stake in shares of Mohawk Industries by 32,500.0% during the 4th quarter. TFO Wealth Partners LLC now owns 652 shares of the company's stock valued at $67,000 after buying an additional 650 shares during the period. Institutional investors and hedge funds own 78.98% of the company's stock.

About Mohawk Industries

(Get Free Report)

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.

Further Reading

Should you invest $1,000 in Mohawk Industries right now?

Before you consider Mohawk Industries, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mohawk Industries wasn't on the list.

While Mohawk Industries currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Own Before the 2024 Election Cover

Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Top Market Leaders Splitting Their Stocks
How to Navigate Stock Downgrades
CPI News Breakdown: Key Market Moves to Follow

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines