Mohawk Industries (NYSE:MHK) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Mohawk Industries (NYSE:MHK) from a peer perform rating to an outperform rating in a research note issued to investors on Wednesday, Marketbeat reports. The firm currently has $150.00 price target on the stock.

Several other equities analysts have also commented on the company. Truist Financial lowered their price objective on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Jefferies Financial Group raised their price target on Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. StockNews.com downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Wells Fargo & Company reduced their price target on Mohawk Industries from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Finally, Royal Bank of Canada reduced their price target on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.92.

Mohawk Industries Price Performance

Shares of Mohawk Industries stock opened at $118.06 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.45 billion, a PE ratio of 13.37, a P/E/G ratio of 1.41 and a beta of 1.41. The business has a 50 day moving average of $130.65 and a 200 day moving average of $139.26. Mohawk Industries has a 52 week low of $96.28 and a 52 week high of $164.29.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total transaction of $1,187,947.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 19,078 shares of company stock worth $2,474,347. 17.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mohawk Industries

A number of large investors have recently made changes to their positions in MHK. Signaturefd LLC lifted its position in shares of Mohawk Industries by 12.5% during the 3rd quarter. Signaturefd LLC now owns 683 shares of the company’s stock valued at $110,000 after buying an additional 76 shares in the last quarter. Quest Partners LLC lifted its holdings in Mohawk Industries by 40.0% in the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after purchasing an additional 84 shares in the last quarter. Allworth Financial LP lifted its holdings 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 purchasing an additional 107 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Mohawk Industries by 7.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company’s stock worth $266,000 after purchasing an additional 115 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Mohawk Industries by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company’s stock worth $819,000 after purchasing an additional 130 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

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.