Mohawk Industries, Inc. (NYSE:MHK) Receives $133.83 Average Price Target from Brokerages

Shares of Mohawk Industries, Inc. (NYSE:MHK) have earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $133.8333.

A number of research analysts have recently weighed in on the stock. Evercore ISI dropped their price objective on shares of Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a research note on Wednesday, November 19th. Wells Fargo & Company lowered their target price on Mohawk Industries from $125.00 to $110.00 and set an “equal weight” rating on the stock in a report on Monday, December 15th. Raymond James Financial reissued a “strong-buy” rating and issued a $150.00 price target (up from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. Jefferies Financial Group decreased their price objective on Mohawk Industries from $134.00 to $128.00 and set a “hold” rating on the stock in a research note on Monday, December 15th. Finally, Barclays set a $121.00 price objective on Mohawk Industries in a research report on Monday, December 8th.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,700 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $109.00, for a total value of $294,300.00. Following the completion of the transaction, the insider owned 67,893 shares of the company’s stock, valued at $7,400,337. The trade was a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 17,135 shares of company stock worth $1,892,137 in the last ninety days. Insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new stake in shares of Mohawk Industries during the third quarter worth $25,000. Bayforest Capital Ltd purchased a new position in Mohawk Industries during the fourth quarter worth about $27,000. Quent Capital LLC acquired a new stake in Mohawk Industries in the 3rd quarter worth about $33,000. MTM Investment Management LLC purchased a new stake in Mohawk Industries in the 2nd quarter valued at about $28,000. Finally, SJS Investment Consulting Inc. grew its holdings in Mohawk Industries by 5,385.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 384 shares of the company’s stock valued at $50,000 after buying an additional 377 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $118.39 on Monday. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $114.25 and its 200 day moving average price is $119.67. Mohawk Industries has a 52 week low of $96.24 and a 52 week high of $143.13. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 2.14 and a beta of 1.22.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.