National Securities started coverage on shares of Mohawk Industries (NYSE:MHK) in a research note released on Thursday, AnalystRatings.com reports. The brokerage issued a buy rating on the stock.
MHK has been the topic of several other reports. Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a buy rating to a hold rating in a report on Thursday, May 2nd. Stifel Nicolaus raised shares of Mohawk Industries from a hold rating to a buy rating and upped their price objective for the company from $135.00 to $180.00 in a report on Wednesday, May 15th. Longbow Research assumed coverage on shares of H&E Equipment Services in a report on Friday, March 29th. They set a buy rating and a $34.00 price objective on the stock. Robert W. Baird assumed coverage on shares of Rocket Pharmaceuticals in a report on Monday, April 22nd. They set an outperform rating on the stock. Finally, Jefferies Financial Group dropped their price objective on shares of CommVault Systems to $65.00 and set a buy rating on the stock in a report on Tuesday, April 30th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $150.41.
Shares of NYSE:MHK opened at $151.13 on Thursday. The business has a 50-day moving average of $146.77. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 0.20. The stock has a market cap of $10.94 billion, a P/E ratio of 13.19, a P/E/G ratio of 2.77 and a beta of 1.42. Mohawk Industries has a fifty-two week low of $109.35 and a fifty-two week high of $225.66.
Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, April 25th. The company reported $2.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.06. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.50 billion. Mohawk Industries had a net margin of 7.73% and a return on equity of 11.36%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.01 earnings per share. As a group, analysts predict that Mohawk Industries will post 10.7 EPS for the current year.
In other news, insider Bernard Thiers sold 2,800 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $149.85, for a total transaction of $419,580.00. Following the sale, the insider now directly owns 43,559 shares in the company, valued at $6,527,316.15. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Suzanne L. Helen sold 4,200 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.04, for a total value of $621,768.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,000 shares of company stock worth $4,481,028. Company insiders own 18.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC increased its position in shares of Mohawk Industries by 20.9% during the first quarter. FMR LLC now owns 3,467,202 shares of the company’s stock valued at $437,387,000 after buying an additional 599,723 shares during the period. Pzena Investment Management LLC bought a new position in shares of Mohawk Industries in the first quarter worth approximately $172,158,000. Wells Fargo & Company MN increased its position in shares of Mohawk Industries by 2.9% in the first quarter. Wells Fargo & Company MN now owns 1,301,070 shares of the company’s stock worth $164,130,000 after purchasing an additional 36,090 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Mohawk Industries by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,183,033 shares of the company’s stock worth $138,375,000 after purchasing an additional 30,054 shares during the last quarter. Finally, Fir Tree Capital Management LP bought a new position in shares of Mohawk Industries in the fourth quarter worth approximately $122,785,000. Hedge funds and other institutional investors own 80.65% of the company’s stock.
Mohawk Industries Company Profile
Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).
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