Mohawk Industries Inc. (NYSE:MHK) 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.

MHK has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. RBC Capital Markets reiterated an “outperform” rating and issued a $245.00 target price (up previously from $220.00) on shares of Mohawk Industries in a research report on Wednesday, August 10th. Credit Suisse Group AG reiterated a “buy” rating on shares of Mohawk Industries in a research report on Tuesday, June 28th. MKM Partners increased their target price on shares of Mohawk Industries from $244.00 to $246.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Finally, Topeka Capital Markets initiated coverage on shares of Mohawk Industries in a research report on Monday, May 23rd. They issued a “hold” rating and a $185.00 target price for the company. Four investment analysts have rated the stock with a hold rating, eight have given 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 price target of $224.18.

The firm’s market cap is $15.70 billion. The firm’s 50-day moving average price is $205.16 and its 200-day moving average price is $192.54.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, August 4th. The company reported $3.47 EPS for the quarter, topping the Zacks’ consensus estimate of $3.36 by $0.11. The business earned $2.31 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the firm earned $2.69 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. Analysts forecast that Mohawk Industries Inc. will post $12.46 earnings per share for the current fiscal year.

In other news, insider Brian Carson sold 215 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $213.38, for a total value of $45,876.70. Following the sale, the insider now owns 30,929 shares of the company’s stock, valued at $6,599,630.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Suzanne L. Helen sold 9,000 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $212.07, for a total transaction of $1,908,630.00. The disclosure for this sale can be found here.

A number of hedge funds have recently bought and sold shares of MHK. BNP Paribas Arbitrage SA raised its stake in Mohawk Industries by 42.6% in the fourth quarter. BNP Paribas Arbitrage SA now owns 83,807 shares of the company’s stock valued at $15,872,000 after buying an additional 25,025 shares during the period. BlackRock Advisors LLC raised its stake in Mohawk Industries by 26.9% in the fourth quarter. BlackRock Advisors LLC now owns 79,063 shares of the company’s stock valued at $14,974,000 after buying an additional 16,769 shares during the period. State of Tennessee Treasury Department raised its stake in Mohawk Industries by 7.6% in the fourth quarter. State of Tennessee Treasury Department now owns 60,451 shares of the company’s stock valued at $11,449,000 after buying an additional 4,250 shares during the period. American International Group Inc. raised its stake in Mohawk Industries by 1.4% in the fourth quarter. American International Group Inc. now owns 24,493 shares of the company’s stock valued at $4,639,000 after buying an additional 332 shares during the period. Finally, Schroder Investment Management Group raised its stake in Mohawk Industries by 11.4% in the fourth quarter. Schroder Investment Management Group now owns 143,918 shares of the company’s stock valued at $27,256,000 after buying an additional 14,691 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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