Media coverage about Mohawk Industries (NYSE:MHK) has been trending somewhat positive on Tuesday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mohawk Industries earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.7988852640988 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern’s rankings:

A number of equities research analysts have issued reports on the stock. MKM Partners reiterated a “buy” rating and set a $286.00 target price (up from $255.00) on shares of Mohawk Industries in a report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada reissued a “buy” rating and issued a $291.00 price objective on shares of Mohawk Industries in a research report on Monday, July 31st. BidaskClub downgraded shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Finally, Credit Suisse Group AG began coverage on shares of Mohawk Industries in a research report on Thursday, June 22nd. They issued an “outperform” rating and a $274.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $266.64.

Mohawk Industries (NYSE MHK) traded up 0.55% on Tuesday, hitting $249.94. 389,375 shares of the company were exchanged. Mohawk Industries has a 52-week low of $175.52 and a 52-week high of $252.89. The firm has a 50 day moving average of $246.11 and a 200-day moving average of $234.90. The stock’s market cap is $18.58 billion.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, July 27th. The company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.12. Mohawk Industries had a net margin of 10.54% and a return on equity of 16.45%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the previous year, the firm earned $3.47 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts expect that Mohawk Industries will post $13.52 earnings per share for the current fiscal year.

In other Mohawk Industries news, VP Rodney David Patton sold 137 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $246.78, for a total transaction of $33,808.86. Following the completion of the sale, the vice president now owns 6,924 shares in the company, valued at $1,708,704.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Cock Frans Georges De sold 1,000 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $238.27, for a total transaction of $238,270.00. Following the sale, the director now owns 13,016 shares of the company’s stock, valued at approximately $3,101,322.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,724 shares of company stock valued at $1,857,577. 17.10% of the stock is owned by insiders.

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About Mohawk Industries

Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.

Insider Buying and Selling by Quarter for Mohawk Industries (NYSE:MHK)

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