Mohawk Industries (NYSE:MHK) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Sunday.
MHK has been the topic of a number of other research reports. Barclays upped their target price on shares of Mohawk Industries from $285.00 to $301.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Zacks Investment Research lowered shares of Mohawk Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Northcoast Research started coverage on shares of Mohawk Industries in a report on Thursday, October 5th. They issued a “buy” rating and a $295.00 target price on the stock. Nomura set a $300.00 target price on shares of Mohawk Industries and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $300.00 target price (up previously from $291.00) on shares of Mohawk Industries in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $289.33.
Shares of Mohawk Industries (NYSE:MHK) opened at $275.90 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.48 and a quick ratio of 0.77. Mohawk Industries has a fifty-two week low of $198.45 and a fifty-two week high of $286.85. The firm has a market cap of $20,504.90, a PE ratio of 21.39, a P/E/G ratio of 2.50 and a beta of 1.37.
Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, October 26th. The company reported $3.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.74 by $0.01. Mohawk Industries had a net margin of 10.37% and a return on equity of 16.03%. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the business posted $3.50 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. analysts expect that Mohawk Industries will post 13.52 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. Atlantic Trust Group LLC increased its stake in Mohawk Industries by 183.6% in the 3rd quarter. Atlantic Trust Group LLC now owns 170,272 shares of the company’s stock valued at $42,144,000 after buying an additional 110,233 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Mohawk Industries by 10.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 105,131 shares of the company’s stock valued at $26,021,000 after buying an additional 9,896 shares during the last quarter. AXA increased its stake in Mohawk Industries by 16.7% in the 3rd quarter. AXA now owns 29,900 shares of the company’s stock valued at $7,400,000 after buying an additional 4,287 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Mohawk Industries in the 3rd quarter valued at about $4,545,000. Finally, Public Employees Retirement System of Ohio increased its stake in Mohawk Industries by 6.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 126,396 shares of the company’s stock valued at $31,284,000 after buying an additional 7,688 shares during the last quarter. Hedge funds and other institutional investors own 76.50% of the company’s stock.
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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.
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