Mohawk Industries (NYSE:MHK)‘s stock had its “hold” rating restated by stock analysts at Cleveland Research in a note issued to investors on Wednesday.

Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Mohawk Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. JPMorgan Chase & Co. reduced their target price on shares of Mohawk Industries from $250.00 to $235.00 and set a “neutral” rating for the company in a research report on Thursday, June 7th. Credit Suisse Group set a $275.00 target price on shares of Mohawk Industries and gave the company a “buy” rating in a research report on Friday, June 1st. Jefferies Financial Group reduced their target price on shares of Mohawk Industries from $294.00 to $268.00 and set a “buy” rating for the company in a research report on Tuesday, July 31st. Finally, Gabelli reissued a “buy” rating on shares of Mohawk Industries in a research report on Friday, July 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. Mohawk Industries currently has a consensus rating of “Buy” and a consensus target price of $254.07.

NYSE:MHK opened at $185.89 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.74 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 2.00 and a beta of 1.31. Mohawk Industries has a 52 week low of $177.00 and a 52 week high of $286.85.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Wednesday, July 25th. The company reported $3.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.39). The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Mohawk Industries had a net margin of 9.34% and a return on equity of 14.35%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $3.72 EPS. equities analysts forecast that Mohawk Industries will post 13.71 earnings per share for the current year.

In related news, insider Bernard Thiers sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $190.00, for a total value of $950,000.00. Following the completion of the transaction, the insider now directly owns 40,156 shares of the company’s stock, valued at approximately $7,629,640. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Filip Balcaen acquired 50,000 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The stock was acquired at an average cost of $183.02 per share, with a total value of $9,151,000.00. Following the completion of the acquisition, the director now owns 776 shares in the company, valued at approximately $142,023.52. The disclosure for this purchase can be found here. Insiders have bought a total of 110,000 shares of company stock valued at $20,167,250 over the last three months. Insiders own 16.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Corbyn Investment Management Inc. MD boosted its holdings in Mohawk Industries by 40.4% in the 2nd quarter. Corbyn Investment Management Inc. MD now owns 57,696 shares of the company’s stock worth $12,363,000 after buying an additional 16,602 shares during the period. First Trust Advisors LP boosted its holdings in Mohawk Industries by 36.0% in the 2nd quarter. First Trust Advisors LP now owns 77,556 shares of the company’s stock valued at $16,618,000 after purchasing an additional 20,517 shares during the period. Toronto Dominion Bank boosted its holdings in Mohawk Industries by 34.6% in the 2nd quarter. Toronto Dominion Bank now owns 45,891 shares of the company’s stock valued at $9,832,000 after purchasing an additional 11,795 shares during the period. AMI Investment Management Inc. boosted its holdings in Mohawk Industries by 10.8% in the 2nd quarter. AMI Investment Management Inc. now owns 12,775 shares of the company’s stock valued at $2,737,000 after purchasing an additional 1,245 shares during the period. Finally, Accuvest Global Advisors bought a new position in Mohawk Industries in the 2nd quarter valued at $697,000. 81.58% of the stock is owned by institutional investors.

About Mohawk Industries

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

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Analyst Recommendations for Mohawk Industries (NYSE:MHK)

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