Mohawk Industries (NYSE:MHK) Downgraded by lowered shares of Mohawk Industries (NYSE:MHKFree Report) from a buy rating to a hold rating in a report published on Friday.

A number of other research analysts have also recently weighed in on MHK. TheStreet cut shares of Mohawk Industries from a c- rating to a d+ rating in a research note on Thursday, October 26th. Royal Bank of Canada raised Mohawk Industries from an underperform rating to a sector perform rating and increased their price objective for the company from $80.00 to $101.00 in a report on Friday, January 12th. Jefferies Financial Group dropped their price target on Mohawk Industries from $118.00 to $93.00 in a research report on Thursday, October 12th. Wells Fargo & Company decreased their price objective on Mohawk Industries from $105.00 to $100.00 and set an underweight rating for the company in a report on Monday, January 22nd. Finally, Barclays raised shares of Mohawk Industries from an underweight rating to an equal weight rating and upped their price objective for the company from $80.00 to $100.00 in a report on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Mohawk Industries currently has a consensus rating of Hold and an average price target of $113.90.

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Mohawk Industries Price Performance

Mohawk Industries stock opened at $117.24 on Friday. Mohawk Industries has a 52 week low of $76.02 and a 52 week high of $119.97. The company’s 50 day moving average price is $102.46 and its two-hundred day moving average price is $94.35. The stock has a market cap of $7.47 billion, a P/E ratio of -16.94 and a beta of 1.31. The company has a quick ratio of 0.97, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHKGet Free Report) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.10. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.56 billion. Mohawk Industries had a positive return on equity of 7.52% and a negative net margin of 3.95%. Mohawk Industries’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $1.32 earnings per share. On average, equities analysts predict that Mohawk Industries will post 9.74 earnings per share for the current year.

Insider Activity

In related news, insider Suzanne L. Helen sold 5,500 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $94.09, for a total value of $517,495.00. Following the sale, the insider now owns 8,953 shares in the company, valued at $842,387.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 17.20% of the company’s stock.

Institutional Trading of Mohawk Industries

A number of large investors have recently modified their holdings of the business. Gyon Technologies Capital Management LP purchased a new position in Mohawk Industries in the 4th quarter worth approximately $30,000. Rockefeller Capital Management L.P. grew its position in Mohawk Industries by 143.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 307 shares of the company’s stock worth $31,000 after acquiring an additional 181 shares in the last quarter. WASHINGTON TRUST Co increased its stake in Mohawk Industries by 156.8% in the second quarter. WASHINGTON TRUST Co now owns 339 shares of the company’s stock valued at $35,000 after acquiring an additional 207 shares during the last quarter. Natixis purchased a new stake in Mohawk Industries during the second quarter valued at about $40,000. Finally, UniSuper Management Pty Ltd bought a new stake in Mohawk Industries during the second quarter worth about $41,000. Institutional investors own 77.04% of the company’s stock.

Mohawk Industries Company Profile

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Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

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