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

Mohawk Industries (NYSE:MHK) had its target price cut by Barclays from $130.00 to $125.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts have also recently issued reports on MHK. Wells Fargo & Company lowered their price objective on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Baird R W raised Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Robert W. Baird lowered their price objective on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a research report on Monday. Royal Bank of Canada lowered their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Finally, StockNews.com cut Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $146.92.

Mohawk Industries Trading Down 2.1 %

MHK opened at $116.77 on Monday. Mohawk Industries has a 12 month low of $104.88 and a 12 month high of $164.29. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 14.36, 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. The business has a fifty day moving average price of $123.32 and a 200 day moving average price of $140.07.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) 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%. Sell-side analysts expect that Mohawk Industries will post 10.71 earnings per share for the current fiscal 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 that occurred on Tuesday, December 10th. The stock was 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 link. Insiders sold a total of 19,078 shares of company stock valued at $2,474,347 in the last ninety days. Insiders own 17.10% of the company’s stock.

Institutional Trading of Mohawk Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mark Sheptoff Financial Planning LLC purchased a new stake in Mohawk Industries during the 3rd quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB purchased a new stake in Mohawk Industries during the 3rd quarter valued at approximately $55,000. Blue Trust Inc. raised its stake in Mohawk Industries by 85.6% during 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 last quarter. True Wealth Design LLC purchased a new position in shares of Mohawk Industries during the 3rd quarter worth approximately $61,000. Finally, Versant Capital Management Inc raised its stake in shares of 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 buying an additional 223 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other 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.