Mohawk Industries, Inc. (NYSE:MHK) Receives $159.17 Average Target Price from Analysts

Shares of Mohawk Industries, Inc. (NYSE:MHK) have received an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $159.17.

Several research analysts recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of 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. Truist Financial reduced their target price on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Robert W. Baird raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their price target for the company from $160.00 to $196.00 in a report on Monday, October 21st. Barclays decreased their price objective on Mohawk Industries from $146.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group lifted their target price on Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $119.66 on Friday. The business’s fifty day moving average is $136.71 and its two-hundred day moving average is $139.07. 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 $7.55 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.41 and a beta of 1.38. Mohawk Industries has a 52 week low of $96.28 and a 52 week high of $164.29.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 19,078 shares of company stock worth $2,474,347 in the last ninety days. Company insiders own 17.10% of the company’s stock.

Hedge Funds Weigh In On Mohawk Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Mohawk Industries in the 3rd quarter valued at approximately $36,000. Quest Partners LLC raised its position in Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after acquiring an additional 84 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Mohawk Industries in the third quarter valued at $55,000. Blue Trust Inc. grew its position in shares of Mohawk Industries by 85.6% in the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after acquiring an additional 167 shares during the period. Finally, True Wealth Design LLC acquired a new position in shares of Mohawk Industries during the 3rd quarter worth about $61,000. 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.