Evercore ISI assumed coverage on shares of Mohawk Industries Inc. (NYSE:MHK) in a report issued on Monday morning. The firm issued a buy rating and a $252.00 price objective on the stock.

MHK has been the subject of a number of other reports. Macquarie restated an outperform rating and set a $228.00 target price on shares of Mohawk Industries in a report on Thursday, September 22nd. Royal Bank Of Canada raised their target price on Mohawk Industries from $220.00 to $245.00 and gave the company an outperform rating in a report on Monday, August 8th. Bank of America Corp. began coverage on Mohawk Industries in a report on Friday, September 23rd. They set a neutral rating and a $235.00 target price for the company. Gabelli began coverage on Mohawk Industries in a report on Tuesday, August 9th. They set a buy rating for the company. Finally, Zacks Investment Research cut Mohawk Industries from a hold rating to a sell rating in a report on Monday, July 25th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $229.45.

Shares of Mohawk Industries (NYSE:MHK) traded up 0.14% during midday trading on Monday, hitting $197.84. The stock had a trading volume of 142,406 shares. The stock’s market cap is $14.67 billion. The firm has a 50 day moving average price of $194.05 and a 200 day moving average price of $199.26. Mohawk Industries has a one year low of $148.56 and a one year high of $216.58.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, November 3rd. The company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.46 by $0.04. Mohawk Industries had a return on equity of 17.22% and a net margin of 10.12%. The company earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the business posted $2.98 EPS. Mohawk Industries’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities analysts forecast that Mohawk Industries will post $12.57 earnings per share for the current fiscal year.

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,300 shares of Mohawk Industries stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $214.00, for a total value of $1,990,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Suzanne L. Helen sold 4,600 shares of Mohawk Industries stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $216.00, for a total value of $993,600.00. The disclosure for this sale can be found here. Corporate insiders own 17.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in MHK. Chevy Chase Trust Holdings Inc. increased its position in shares of Mohawk Industries by 1.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 54,431 shares of the company’s stock valued at $10,329,000 after buying an additional 765 shares during the period. Exxonmobil Investment Management Inc. TX increased its position in shares of Mohawk Industries by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 16,493 shares of the company’s stock valued at $3,130,000 after buying an additional 1,007 shares during the period. Capital Investment Services of America Inc. increased its position in shares of Mohawk Industries by 5.3% in the second quarter. Capital Investment Services of America Inc. now owns 30,035 shares of the company’s stock valued at $5,699,000 after buying an additional 1,510 shares during the period. Cacti Asset Management LLC bought a new position in shares of Mohawk Industries during the second quarter valued at $515,000. Finally, New England Research & Management Inc. increased its position in shares of Mohawk Industries by 3.9% in the second quarter. New England Research & Management Inc. now owns 7,220 shares of the company’s stock valued at $1,370,000 after buying an additional 270 shares during the period. Institutional investors own 79.52% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’s manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile (LVT) and vinyl flooring. It operates in three segments: Global Ceramic, which designs, manufactures, sources, distributes and markets a line of ceramic tile, porcelain tile and natural stone products; Flooring North America (Flooring NA), which designs, manufactures, sources, distributes and markets carpet, laminate, carpet pad, rugs, hardwood and vinyl, including LVT, in a range of colors, textures and patterns, and Flooring Rest of the World (Flooring ROW), which designs, manufactures, sources, distributes and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard, chipboards and vinyl flooring products.

5 Day Chart for NYSE:MHK

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