Mohawk Industries (NYSE:MHK) had its price objective reduced by investment analysts at Robert W. Baird from $312.00 to $300.00 in a research report issued on Monday. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 17.39% from the company’s current price.
Several other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Longbow Research upgraded shares of Mohawk Industries from a “neutral” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. upped their target price on shares of Mohawk Industries from $250.00 to $285.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. ValuEngine upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, SunTrust Banks restated a “buy” rating and set a $275.00 target price on shares of Mohawk Industries in a research report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $295.62.
Mohawk Industries (MHK) traded up $6.10 on Monday, hitting $255.56. 493,162 shares of the company’s stock traded hands, compared to its average volume of 686,744. Mohawk Industries has a twelve month low of $219.22 and a twelve month high of $286.85. The company has a market cap of $18,539.88, a P/E ratio of 19.36, a PEG ratio of 2.04 and a beta of 1.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 0.80.
A number of institutional investors have recently bought and sold shares of MHK. AHL Partners LLP raised its position in Mohawk Industries by 63.7% in the 2nd quarter. AHL Partners LLP now owns 2,100 shares of the company’s stock worth $508,000 after purchasing an additional 817 shares during the period. Janus Henderson Group PLC raised its position in Mohawk Industries by 399.2% in the 2nd quarter. Janus Henderson Group PLC now owns 34,392 shares of the company’s stock worth $8,312,000 after purchasing an additional 27,503 shares during the period. Nomura Holdings Inc. purchased a new stake in Mohawk Industries in the 2nd quarter worth about $1,262,000. Castleark Management LLC purchased a new stake in Mohawk Industries in the 2nd quarter worth about $493,000. Finally, Verition Fund Management LLC purchased a new stake in Mohawk Industries in the 2nd quarter worth about $221,000. 76.51% of the stock is currently owned by institutional investors.
Mohawk Industries Company Profile
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.
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