Brokerages Set Mohawk Industries, Inc. (NYSE:MHK) PT at $159.17

Mohawk Industries, Inc. (NYSE:MHK) has received an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $159.17.

Several equities research analysts have recently weighed in on MHK shares. Truist Financial decreased their price target on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Barclays lowered their target price on shares of Mohawk Industries from $146.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. Jefferies Financial Group boosted their price target on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Royal Bank of Canada lowered 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. Finally, Loop Capital reduced their target price on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,000 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total value of $270,960.00. Following the transaction, the insider now directly owns 2,453 shares of the company’s stock, valued at $332,332.44. The trade was a 44.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 19,078 shares of company stock worth $2,474,347 over the last ninety days. Insiders own 17.10% of the company’s stock.

Institutional Investors Weigh In On Mohawk Industries

A number of large investors have recently added to or reduced their stakes in MHK. Signaturefd LLC raised its holdings in Mohawk Industries by 12.5% in the 3rd quarter. Signaturefd LLC now owns 683 shares of the company’s stock worth $110,000 after purchasing an additional 76 shares in the last quarter. Quest Partners LLC grew its position in Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after purchasing an additional 84 shares during the last quarter. State of Michigan Retirement System increased its stake in Mohawk Industries by 0.7% during the 2nd quarter. State of Michigan Retirement System now owns 14,545 shares of the company’s stock valued at $1,652,000 after purchasing an additional 100 shares in the last quarter. Allworth Financial LP raised its position in Mohawk Industries by 20.6% in the 3rd 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. Finally, Hantz Financial Services Inc. boosted its holdings in Mohawk Industries by 7.5% in the third quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company’s stock worth $266,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Trading Down 0.7 %

NYSE:MHK opened at $118.82 on Friday. Mohawk Industries has a 1 year low of $96.28 and a 1 year high of $164.29. The stock’s fifty day moving average price is $135.07 and its two-hundred day moving average price is $138.94. 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 company has a market cap of $7.50 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.41 and a beta of 1.38.

About Mohawk Industries

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.