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

Mohawk Industries (NYSE:MHK) had its price target lowered by investment analysts at Robert W. Baird from $160.00 to $152.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 26.18% from the company’s current price.

A number of other brokerages have also weighed in on MHK. Loop Capital decreased their price objective on shares of 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 decreased their price target on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Barclays dropped their price objective on Mohawk Industries from $141.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Truist Financial decreased their target price on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Finally, Wolfe Research raised shares of Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.15.

Mohawk Industries Stock Down 1.2 %

Shares of NYSE:MHK opened at $120.46 on Monday. Mohawk Industries has a 12-month low of $101.83 and a 12-month high of $164.29. The stock 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 stock has a fifty day simple moving average of $124.30 and a two-hundred day simple moving average of $140.65. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 anticipate that Mohawk Industries will post 10.71 earnings per share for the current fiscal year.

Insider Activity

In other Mohawk Industries 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 value of $1,187,947.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 19,078 shares of company stock worth $2,474,347 over the last 90 days. Corporate insiders own 17.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MHK. Signaturefd LLC raised its position in Mohawk Industries by 12.5% during the third quarter. Signaturefd LLC now owns 683 shares of the company’s stock valued at $110,000 after purchasing an additional 76 shares during the period. Allworth Financial LP lifted its position in Mohawk Industries by 20.6% in the third quarter. Allworth Financial LP now owns 626 shares of the company’s stock worth $101,000 after buying an additional 107 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Mohawk Industries by 7.5% in the third quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company’s stock valued at $266,000 after acquiring an additional 115 shares during the period. Contravisory Investment Management Inc. lifted its holdings in shares of Mohawk Industries by 2.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company’s stock worth $680,000 after acquiring an additional 121 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Mohawk Industries by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company’s stock valued at $819,000 after purchasing an additional 130 shares during the last quarter. 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.