Mohawk Industries (NYSE:MHK) Price Target Lowered to $152.00 at Robert W. Baird

Mohawk Industries (NYSE:MHK) had its target price cut by Robert W. Baird from $160.00 to $152.00 in a research report report published on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts have also commented on the company. The Goldman Sachs Group cut their price target on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company cut their price target on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Barclays cut their price target on Mohawk Industries from $141.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Truist Financial cut their price target on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a report on Monday, October 28th. Finally, Wolfe Research upgraded Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price target for the company in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $146.92.

Mohawk Industries Stock Down 2.1 %

MHK opened at $116.77 on Monday. The business has a 50 day moving average price of $123.32 and a 200 day moving average price of $140.07. Mohawk Industries has a twelve month low of $104.88 and a twelve month high of $164.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. The firm has a market cap of $7.37 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.00% and a net margin of 4.78%. Research analysts forecast that Mohawk Industries will post 10.71 EPS for the current year.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total value of $1,187,947.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 19,078 shares of company stock worth $2,474,347 over the last three months. Company insiders own 17.10% of the company’s stock.

Institutional Trading of Mohawk Industries

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Mohawk Industries by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 6,229,786 shares of the company’s stock valued at $742,154,000 after acquiring an additional 20,327 shares during the period. JPMorgan Chase & Co. grew its position in Mohawk Industries by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,215,616 shares of the company’s stock valued at $383,076,000 after acquiring an additional 191,077 shares during the period. FMR LLC grew its position in Mohawk Industries by 52.3% in the third quarter. FMR LLC now owns 2,179,510 shares of the company’s stock valued at $350,204,000 after acquiring an additional 748,070 shares during the period. State Street Corp grew its position in Mohawk Industries by 1.3% in the third quarter. State Street Corp now owns 1,846,446 shares of the company’s stock valued at $296,687,000 after acquiring an additional 23,016 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Mohawk Industries by 35.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,366,517 shares of the company’s stock worth $162,793,000 after purchasing an additional 354,656 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Company Profile

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, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.