Mohawk Industries (NYSE:MHK) Price Target Lowered to $125.00 at Barclays

Mohawk Industries (NYSE:MHK) had its price objective decreased by stock analysts at Barclays from $130.00 to $125.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 3.77% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Royal Bank of Canada dropped their price target on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Robert W. Baird cut their target price on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating on the stock in a research report on Monday. Truist Financial reduced their price target on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a report on Monday, October 28th. JPMorgan Chase & Co. raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $151.00 to $161.00 in a report on Friday, January 10th. Finally, Loop Capital lowered their target price on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.77.

Mohawk Industries Trading Down 1.2 %

Shares of MHK opened at $120.46 on Monday. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.60 and a beta of 1.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. Mohawk Industries has a 1-year low of $101.83 and a 1-year high of $164.29. The company has a 50-day moving average of $124.30 and a 200 day moving average of $140.65.

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

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 9,078 shares of Mohawk Industries stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total transaction of $1,187,947.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 19,078 shares of company stock worth $2,474,347. 17.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Mohawk Industries

Hedge funds have recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC purchased a new position in Mohawk Industries during the 3rd quarter worth approximately $36,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Mohawk Industries during the third quarter worth $55,000. Blue Trust Inc. lifted its position in Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after purchasing an additional 167 shares during the period. True Wealth Design LLC purchased a new stake in Mohawk Industries in the third quarter valued at $61,000. Finally, Versant Capital Management Inc grew its position in Mohawk Industries by 71.0% during the 4th quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock worth $64,000 after purchasing an additional 223 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.

About Mohawk Industries

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.