Recent Research Analysts’ Ratings Updates for Mohawk Industries (MHK)
Mohawk Industries (NYSE: MHK) has recently received a number of price target changes and ratings updates:
- 10/12/2016 – Mohawk Industries was upgraded by analysts at Bank of America Corp. from a “neutral” rating to a “buy” rating. They now have a $235.00 price target on the stock.
- 9/28/2016 – Mohawk Industries is now covered by analysts at Wells Fargo & Co.. They set a “market perform” rating on the stock.
- 9/23/2016 – Mohawk Industries is now covered by analysts at Bank of America Corp.. They set a “neutral” rating and a $235.00 price target on the stock.
- 9/22/2016 – Mohawk Industries had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $228.00 price target on the stock.
Shares of Mohawk Industries Inc. (NYSE:MHK) traded down 0.15% on Thursday, hitting $194.90. The company had a trading volume of 572,161 shares. The company’s market cap is $14.45 billion. Mohawk Industries Inc. has a 12-month low of $148.56 and a 12-month high of $216.58. The company has a 50 day moving average of $205.26 and a 200-day moving average of $199.67.
Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, August 4th. The company reported $3.47 EPS for the quarter, topping the Zacks’ consensus estimate of $3.36 by $0.11. Mohawk Industries had a return on equity of 17.22% and a net margin of 9.65%. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the firm earned $2.69 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. On average, analysts forecast that Mohawk Industries Inc. will post $12.46 earnings per share for the current year.
In other news, insider Suzanne L. Helen sold 4,600 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $216.00, for a total transaction of $993,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Brian Carson sold 1,942 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $214.28, for a total value of $416,131.76. Following the sale, the insider now directly owns 30,929 shares in the company, valued at $6,627,466.12. The disclosure for this sale can be found here. 17.10% of the stock is owned by corporate insiders.
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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