Mohawk Industries, Inc. (NYSE:MHK) Receives $162.08 Average PT from Analysts

Mohawk Industries, Inc. (NYSE:MHK) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $162.08.

A number of research analysts have recently commented on MHK shares. Royal Bank of Canada cut their price target on shares of Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Barclays cut their target price on shares of Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Wells Fargo & Company raised shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $140.00 to $160.00 in a research report on Monday, October 7th. Baird R W upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Finally, Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $160.00 to $196.00 in a research note on Monday, October 21st.

Insider Activity

In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of Mohawk Industries stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the sale, the insider now directly owns 118,709 shares in the company, valued at $17,979,665.14. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 17.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC boosted its position in Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after acquiring an additional 84 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Mohawk Industries during the third quarter worth $36,000. Headlands Technologies LLC acquired a new position in Mohawk Industries during the second quarter valued at $50,000. Wilmington Savings Fund Society FSB acquired a new position in Mohawk Industries during the third quarter valued at $55,000. Finally, Blue Trust Inc. raised its position in Mohawk Industries by 85.6% during the third 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. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Trading Down 0.7 %

MHK stock opened at $135.42 on Wednesday. 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 twelve month low of $90.22 and a twelve month high of $164.29. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.38. The firm’s fifty day simple moving average is $146.95 and its two-hundred day simple moving average is $138.27.

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.