Mohawk Industries Inc. (NYSE:MHK)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $209.69, but opened at $210.33. Mohawk Industries shares last traded at $213.44, with a volume of 175,320 shares traded.

Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and set a $216.00 target price on the stock in a report on Monday, May 2nd. Topeka Capital Markets assumed coverage on shares of Mohawk Industries in a report on Monday, May 23rd. They issued a “hold” rating and a $185.00 target price on the stock. Gabelli assumed coverage on shares of Mohawk Industries in a report on Tuesday, August 9th. They issued a “buy” rating on the stock. Robert W. Baird reissued a “buy” rating on shares of Mohawk Industries in a report on Sunday, May 8th. Finally, Royal Bank Of Canada boosted their target price on shares of Mohawk Industries from $220.00 to $245.00 and gave the stock an “outperform” rating in a report on Monday, August 8th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $224.18.

The firm’s 50-day moving average price is $204.49 and its 200-day moving average price is $192.41. The stock’s market cap is $15.80 billion.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, August 4th. The company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.36 by $0.11. During the same period last year, the business earned $2.69 earnings per share. The company earned $2.31 billion during the quarter, compared to analyst estimates of $2.34 billion. The firm’s revenue was up 13.2% compared to the same quarter last year. On average, equities analysts expect that Mohawk Industries Inc. will post $12.46 EPS for the current fiscal year.

In related news, insider Suzanne L. Helen sold 9,000 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $212.07, for a total transaction of $1,908,630.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Chistopher Wellborn sold 10,236 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $200.00, for a total value of $2,047,200.00. Following the sale, the chief operating officer now directly owns 189,926 shares of the company’s stock, valued at $37,985,200. The disclosure for this sale can be found here.

Other hedge funds have modified their holdings of the company. Mutual of America Capital Management LLC increased its stake in shares of Mohawk Industries by 0.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 7,050 shares of the company’s stock worth $1,335,000 after buying an additional 32 shares during the last quarter. American International Group Inc. increased its stake in shares of Mohawk Industries by 1.4% in the fourth quarter. American International Group Inc. now owns 24,493 shares of the company’s stock worth $4,639,000 after buying an additional 332 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Mohawk Industries by 3.2% in the fourth quarter. Stephens Inc. AR now owns 25,270 shares of the company’s stock worth $4,786,000 after buying an additional 773 shares during the last quarter. Rail Splitter Capital Management LLC acquired a new stake in shares of Mohawk Industries during the fourth quarter worth about $11,424,000. Finally, State of Tennessee Treasury Department increased its stake in shares of Mohawk Industries by 7.6% in the fourth quarter. State of Tennessee Treasury Department now owns 60,451 shares of the company’s stock worth $11,449,000 after buying an additional 4,250 shares during the last quarter.

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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