Mohawk Industries (NYSE:MHK) Upgraded at StockNews.com

Mohawk Industries (NYSE:MHK) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

A number of other research firms have also weighed in on MHK. 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. Royal Bank of Canada dropped their price objective 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. Jefferies Financial Group boosted their target price on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. The Goldman Sachs Group lowered their price target on shares of Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Baird R W upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.00.

Mohawk Industries Trading Down 0.0 %

NYSE MHK opened at $130.64 on Tuesday. Mohawk Industries has a one year low of $96.28 and a one year 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 company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.26 and a beta of 1.41. The company’s 50-day simple moving average is $127.97 and its two-hundred day simple moving average is $140.58.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of Mohawk Industries stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 19,078 shares of company stock worth $2,474,347. 17.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Mark Sheptoff Financial Planning LLC acquired a new stake in Mohawk Industries during the 3rd quarter worth about $36,000. Wilmington Savings Fund Society FSB acquired a new stake in Mohawk Industries during the third quarter worth about $55,000. Blue Trust Inc. raised 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 acquiring an additional 167 shares in the last quarter. True Wealth Design LLC acquired a new position in Mohawk Industries in the third quarter valued at approximately $61,000. Finally, Versant Capital Management Inc boosted its position in Mohawk Industries by 71.0% in 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 in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

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.