6 days Ago By ABMN Staff
Mohawk Industries ( NYSE:MHK – Get Free Report ) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday. Other analysts have also recently issued reports about the company.
Wells Fargo & Company lowered their price target on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th.
Bank of America lowered their target price on shares of Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 10th.
Truist Financial dropped their target price on shares of Mohawk Industries from $155.00 to $148.00 and set a “buy” rating for the company in a research report on Monday, February 10th.
Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mohawk Industries in a research report on Tuesday. They issued a “hold” rating and a $121.00 price target on the stock.
Finally, Raymond James reaffirmed a “strong-buy” rating and set a $165.00 price objective (down previously from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th.
Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $145.
07. Get Our Latest Analysis on Mohawk Industries Mohawk Industries Stock Performance Mohawk Industries ( NYSE:MHK – Get Free Report ) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.
95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10.
Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%.
Equities research analysts forecast that Mohawk Industries will post 9.8 EPS for the current year. Insider Buying and Selling at Mohawk Industries In other news, insider Suzanne L.
Helen sold 10,500 shares of Mohawk Industries stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction of $1,191,120.
00. Following the completion of the sale, the insider now owns 93,584 shares in the company, valued at $10,616,168.96.
The trade was a 10.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .
Corporate insiders own 17.10% of the company’s stock. Hedge Funds Weigh In On Mohawk Industries Several large investors have recently bought and sold shares of the business.
Vanguard Group Inc. raised its position in shares of Mohawk Industries by 0.3% during the 4th quarter.
Vanguard Group Inc. now owns 6,229,786 shares of the company’s stock valued at $742,154,000 after acquiring an additional 20,327 shares during the last quarter. JPMorgan Chase & Co.
grew its position in shares of Mohawk Industries by 6.3% during the 4th quarter. JPMorgan Chase & Co.
now owns 3,215,616 shares of the company’s stock worth $383,076,000 after buying an additional 191,077 shares during the period. State Street Corp increased its stake in shares of Mohawk Industries by 1.3% in the 3rd quarter.
State Street Corp now owns 1,846,446 shares of the company’s stock valued at $296,687,000 after acquiring an additional 23,016 shares during the last quarter. Invesco Ltd. increased its stake in shares of Mohawk Industries by 16.
3% in the 4th quarter. Invesco Ltd. now owns 1,725,383 shares of the company’s stock valued at $205,545,000 after acquiring an additional 241,448 shares during the last quarter.
Finally, Massachusetts Financial Services Co. MA raised its position in shares of Mohawk Industries by 35.0% in the 4th quarter.
Massachusetts Financial Services Co. MA now owns 1,366,517 shares of the company’s stock valued at $162,793,000 after acquiring an additional 354,656 shares during the period. 78.
98% of the stock is currently owned by institutional investors and hedge funds. Mohawk Industries Company Profile ( Get Free Report ) 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.
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