Mohawk Industries, Inc. (NYSE:MHK) has received an average recommendation of “Buy” from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $266.50.

A number of analysts have recently commented on the company. MKM Partners reiterated a “buy” rating and set a $286.00 target price (up previously from $255.00) on shares of Mohawk Industries in a research report on Wednesday, August 2nd. Zacks Investment Research cut Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub cut Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Royal Bank Of Canada reiterated a “buy” rating and set a $291.00 target price on shares of Mohawk Industries in a research report on Monday, July 31st. Finally, Credit Suisse Group assumed coverage on Mohawk Industries in a research report on Thursday, June 22nd. They set an “outperform” rating and a $274.00 target price on the stock.

Shares of Mohawk Industries (NYSE:MHK) opened at 250.88 on Friday. Mohawk Industries has a 1-year low of $175.52 and a 1-year high of $252.23. The stock’s market cap is $18.65 billion. The firm’s 50-day moving average price is $244.51 and its 200 day moving average price is $232.21.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, July 27th. The company reported $3.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.60 by $0.12. Mohawk Industries had a return on equity of 16.45% and a net margin of 10.54%. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same period last year, the firm earned $3.47 earnings per share. Mohawk Industries’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts expect that Mohawk Industries will post $13.52 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/07/mohawk-industries-inc-nysemhk-given-consensus-recommendation-of-buy-by-analysts-updated-updated-updated.html.

In other Mohawk Industries news, insider Suzanne L. Helen sold 6,200 shares of Mohawk Industries stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $240.62, for a total value of $1,491,844.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Cock Frans Georges De sold 1,000 shares of Mohawk Industries stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $238.27, for a total value of $238,270.00. Following the completion of the sale, the director now directly owns 13,016 shares in the company, valued at approximately $3,101,322.32. The disclosure for this sale can be found here. Insiders sold a total of 7,587 shares of company stock worth $1,823,768 in the last 90 days. 17.10% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Washington Trust Bank raised its stake in shares of Mohawk Industries by 81.1% in the first quarter. Washington Trust Bank now owns 480 shares of the company’s stock worth $110,000 after buying an additional 215 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Mohawk Industries by 5.6% in the first quarter. IFP Advisors Inc now owns 527 shares of the company’s stock worth $121,000 after buying an additional 28 shares in the last quarter. First Personal Financial Services raised its stake in shares of Mohawk Industries by 6.6% in the second quarter. First Personal Financial Services now owns 568 shares of the company’s stock worth $137,000 after buying an additional 35 shares in the last quarter. Westport Asset Management Inc. acquired a new stake in shares of Mohawk Industries during the fourth quarter worth $160,000. Finally, First Manhattan Co. acquired a new stake in shares of Mohawk Industries during the second quarter worth $160,000. 77.03% of the stock is currently owned by institutional investors.

About Mohawk Industries

Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.

Analyst Recommendations for Mohawk Industries (NYSE:MHK)

Receive News & Stock Ratings for Mohawk Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries Inc. and related stocks with our FREE daily email newsletter.