Mohawk Industries (NYSE:MHK) Given New $145.00 Price Target at The Goldman Sachs Group

Mohawk Industries (NYSE:MHK) had its target price lowered by The Goldman Sachs Group from $170.00 to $145.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

MHK has been the subject of several other research reports. Jefferies Financial Group increased their target price on Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Wolfe Research upgraded Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research report on Wednesday, January 8th. Robert W. Baird upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $160.00 to $196.00 in a research report on Monday, October 21st. Royal Bank of Canada reduced their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Finally, Loop Capital reduced their price objective 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. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $155.00.

Mohawk Industries Price Performance

Shares of NYSE:MHK opened at $128.83 on Tuesday. The business has a 50 day moving average price of $129.07 and a 200 day moving average price of $139.80. Mohawk Industries has a twelve month low of $96.28 and a twelve month high of $164.29. The company has a market cap of $8.13 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 1.15 and a beta of 1.41. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total transaction of $270,960.00. Following the completion of the transaction, the insider now owns 2,453 shares in the company, valued at $332,332.44. This trade represents a 44.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 19,078 shares of company stock worth $2,474,347 in the last 90 days. 17.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mohawk Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Polianta Ltd increased its holdings in Mohawk Industries by 23.0% during the 4th quarter. Polianta Ltd now owns 9,100 shares of the company’s stock valued at $1,084,000 after purchasing an additional 1,700 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Mohawk Industries by 15.1% during the 4th quarter. Ritholtz Wealth Management now owns 6,987 shares of the company’s stock valued at $832,000 after purchasing an additional 915 shares in the last quarter. Contravisory Investment Management Inc. increased its holdings in Mohawk Industries by 2.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company’s stock valued at $680,000 after purchasing an additional 121 shares in the last quarter. Oak Thistle LLC increased its holdings in Mohawk Industries by 50.8% during the 4th quarter. Oak Thistle LLC now owns 8,848 shares of the company’s stock valued at $1,054,000 after purchasing an additional 2,979 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its holdings in Mohawk Industries by 38.1% during the 4th quarter. 180 Wealth Advisors LLC now owns 3,494 shares of the company’s stock valued at $416,000 after purchasing an additional 964 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

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.