ValuEngine cut shares of Mohawk Industries (NYSE:MHK) from a buy rating to a hold rating in a research report sent to investors on Thursday.
Several other research firms also recently weighed in on MHK. Zacks Investment Research downgraded shares of Mohawk Industries from a buy rating to a hold rating in a report on Friday, February 2nd. Longbow Research upgraded shares of Mohawk Industries from a neutral rating to a buy rating in a report on Monday, February 12th. Royal Bank of Canada restated an outperform rating and set a $300.00 price objective (up previously from $291.00) on shares of Mohawk Industries in a report on Monday, October 30th. Robert W. Baird lowered their price objective on shares of Mohawk Industries from $312.00 to $300.00 and set an outperform rating on the stock in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Mohawk Industries from $250.00 to $285.00 and gave the stock a neutral rating in a report on Monday, October 30th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $295.62.
Mohawk Industries (NYSE:MHK) opened at $249.76 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.80 and a current ratio of 1.53. Mohawk Industries has a 1 year low of $219.22 and a 1 year high of $286.85. The stock has a market cap of $18,562.16, a price-to-earnings ratio of 18.35, a P/E/G ratio of 1.76 and a beta of 1.26.
In other news, Director William Henry Runge III bought 500 shares of the stock in a transaction dated Wednesday, February 14th. The stock was bought at an average price of $250.87 per share, for a total transaction of $125,435.00. Following the completion of the acquisition, the director now directly owns 2,335 shares in the company, valued at approximately $585,781.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. NuWave Investment Management LLC purchased a new stake in shares of Mohawk Industries in the fourth quarter valued at about $117,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Mohawk Industries in the fourth quarter valued at about $124,000. Cerebellum GP LLC purchased a new stake in shares of Mohawk Industries in the fourth quarter valued at about $124,000. Calton & Associates Inc. purchased a new stake in shares of Mohawk Industries in the fourth quarter valued at about $171,000. Finally, Tower Research Capital LLC TRC bought a new position in Mohawk Industries during the fourth quarter valued at about $174,000. Institutional investors own 76.51% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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