Mohawk Industries, Inc. (NYSE:MHK) has been given a consensus recommendation of “Hold” by the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $138.86.

Several research firms have issued reports on MHK. Robert W. Baird upped their price target on shares of Mohawk Industries from $150.00 to $168.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Wells Fargo & Co downgraded shares of Mohawk Industries from a “market perform” rating to an “underperform” rating and set a $110.00 price objective for the company. in a research report on Monday, October 14th. Stifel Nicolaus boosted their price objective on shares of Mohawk Industries from $145.00 to $165.00 in a research note on Monday, October 28th. Raymond James lowered their price objective on shares of Mohawk Industries from $145.00 to $140.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 22nd. Finally, Deutsche Bank initiated coverage on shares of Mohawk Industries in a report on Wednesday, November 27th. They issued a “hold” rating on the stock.

Shares of NYSE:MHK traded up $0.97 during midday trading on Friday, reaching $134.83. 573,944 shares of the company were exchanged, compared to its average volume of 676,811. Mohawk Industries has a fifty-two week low of $108.93 and a fifty-two week high of $156.60. The company has a quick ratio of 0.77, a current ratio of 1.52 and a debt-to-equity ratio of 0.22. The stock has a fifty day simple moving average of $139.52 and a two-hundred day simple moving average of $134.52. The firm has a market cap of $9.98 billion, a PE ratio of 10.94, a P/E/G ratio of 1.87 and a beta of 1.30.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, October 24th. The company reported $2.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.64 by $0.11. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.51 billion. Mohawk Industries had a return on equity of 9.82% and a net margin of 7.09%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $3.29 earnings per share. As a group, analysts forecast that Mohawk Industries will post 9.96 earnings per share for the current year.

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 10,600 shares of Mohawk Industries stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $142.64, for a total value of $1,511,984.00. Following the completion of the sale, the chief executive officer now owns 47,603 shares in the company, valued at approximately $6,790,091.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cock Paul F. De sold 800 shares of Mohawk Industries stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $126.44, for a total transaction of $101,152.00. Following the completion of the sale, the insider now owns 25,360 shares of the company’s stock, valued at approximately $3,206,518.40. The disclosure for this sale can be found here. Insiders sold 39,205 shares of company stock worth $5,831,913 over the last three months. Insiders own 18.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MHK. LS Investment Advisors LLC increased its stake in shares of Mohawk Industries by 1.8% in the third quarter. LS Investment Advisors LLC now owns 4,881 shares of the company’s stock valued at $606,000 after buying an additional 87 shares during the period. Commonwealth Bank of Australia increased its position in Mohawk Industries by 1.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 10,702 shares of the company’s stock valued at $1,573,000 after acquiring an additional 117 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Mohawk Industries by 0.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,883 shares of the company’s stock valued at $1,900,000 after acquiring an additional 118 shares during the period. Securian Asset Management Inc increased its position in Mohawk Industries by 2.1% in the 2nd quarter. Securian Asset Management Inc now owns 6,414 shares of the company’s stock valued at $946,000 after acquiring an additional 132 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in shares of Mohawk Industries by 1.8% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 8,040 shares of the company’s stock valued at $1,186,000 after acquiring an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 79.18% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

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Analyst Recommendations for Mohawk Industries (NYSE:MHK)

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