Shares of Mohawk Industries, Inc. (NYSE:MHK) have been assigned a consensus rating of “Hold” from the twenty-three analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $144.81.

Several analysts have issued reports on the stock. ValuEngine raised shares of Mohawk Industries from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Stifel Nicolaus raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and upped their price target for the stock from $135.00 to $180.00 in a research report on Wednesday. Loop Capital set a $130.00 price target on shares of Mohawk Industries and gave the stock a “hold” rating in a research report on Tuesday. Zacks Investment Research raised shares of Mohawk Industries from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Jefferies Financial Group raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and increased their price objective for the company from $145.00 to $167.00 in a research report on Tuesday, April 30th.

Shares of MHK stock traded up $4.33 during trading on Monday, reaching $140.30. The company’s stock had a trading volume of 38,471 shares, compared to its average volume of 882,362. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 0.20. The firm has a market cap of $9.50 billion, a PE ratio of 11.41, a P/E/G ratio of 2.37 and a beta of 1.53. Mohawk Industries has a one year low of $109.35 and a one year high of $228.49.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.06. Mohawk Industries had a net margin of 7.73% and a return on equity of 11.36%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm posted $3.01 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts predict that Mohawk Industries will post 10.77 earnings per share for the current fiscal year.

In related news, VP Rodney David Patton sold 2,260 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $133.50, for a total value of $301,710.00. Following the transaction, the vice president now directly owns 9,134 shares in the company, valued at $1,219,389. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 18.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Pzena Investment Management LLC bought a new position in Mohawk Industries in the first quarter worth $172,158,000. Fir Tree Capital Management LP purchased a new position in Mohawk Industries in the fourth quarter worth about $122,785,000. Brandywine Global Investment Management LLC purchased a new position in Mohawk Industries in the fourth quarter worth about $77,608,000. Norges Bank purchased a new position in Mohawk Industries in the fourth quarter worth about $68,819,000. Finally, Impala Asset Management LLC boosted its position in Mohawk Industries by 138.1% in the first quarter. Impala Asset Management LLC now owns 885,310 shares of the company’s stock worth $111,682,000 after purchasing an additional 513,503 shares during the last quarter. Institutional investors own 81.58% of the company’s stock.

About Mohawk Industries

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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