Mohawk Industries Inc. (NYSE:MHK)’s share price gapped up prior to trading on Friday . The stock had previously closed at $188.01, but opened at $189.20. Mohawk Industries shares last traded at $194.48, with a volume of 209,642 shares trading hands.

A number of research firms recently weighed in on MHK. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Mohawk Industries in a research report on Wednesday. Credit Suisse Group AG reiterated a “buy” rating on shares of Mohawk Industries in a research report on Tuesday, June 28th. Topeka Capital Markets began coverage on Mohawk Industries in a research report on Monday, May 23rd. They issued a “hold” rating and a $185.00 price target for the company. Robert W. Baird reiterated a “buy” rating on shares of Mohawk Industries in a research report on Sunday, May 8th. Finally, Zacks Investment Research upgraded Mohawk Industries from a “hold” rating to a “buy” rating and set a $216.00 price target for the company in a research report on Monday, May 2nd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $218.75.

The firm has a 50 day moving average price of $193.50 and a 200-day moving average price of $185.06. The stock’s market capitalization is $14.39 billion.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, May 5th. The company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.06. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.09 billion. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 EPS. On average, analysts anticipate that Mohawk Industries Inc. will post $12.23 earnings per share for the current fiscal year.

In related news, COO Chistopher Wellborn sold 10,236 shares of Mohawk Industries stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $200.00, for a total transaction of $2,047,200.00. Following the completion of the sale, the chief operating officer now directly owns 189,926 shares of the company’s stock, valued at $37,985,200. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Bernard Thiers sold 14,000 shares of Mohawk Industries stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $198.80, for a total value of $2,783,200.00. Following the sale, the insider now directly owns 42,256 shares of the company’s stock, valued at $8,400,492.80. The disclosure for this sale can be found here.

Other large investors recently made changes to their positions in the company. Strs Ohio boosted its stake in shares of Mohawk Industries by 0.5% in the fourth quarter. Strs Ohio now owns 5,705 shares of the company’s stock worth $1,080,000 after buying an additional 31 shares during the period. Carleon Capital Partners LLC bought a new stake in shares of Mohawk Industries during the fourth quarter worth approximately $1,085,000. PNC Financial Services Group Inc. boosted its stake in shares of Mohawk Industries by 22.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,944 shares of the company’s stock worth $1,127,000 after buying an additional 1,074 shares during the period. GAM Holding AG boosted its stake in shares of Mohawk Industries by 3.7% in the fourth quarter. GAM Holding AG now owns 5,961 shares of the company’s stock worth $1,129,000 after buying an additional 214 shares during the period. Finally, Advantus Capital Management Inc boosted its stake in shares of Mohawk Industries by 4.4% in the fourth quarter. Advantus Capital Management Inc now owns 6,188 shares of the company’s stock worth $1,172,000 after buying an additional 261 shares during the period.

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.

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