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

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

Other research analysts have also issued reports about the company. Truist Financial reduced their target price on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $160.00 to $196.00 in a research note on Monday, October 21st. StockNews.com raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. Jefferies Financial Group raised their price target on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Loop Capital dropped their price objective on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Mohawk Industries has a consensus rating of “Moderate Buy” and an average target price of $155.85.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $125.61 on Tuesday. Mohawk Industries has a 12-month low of $96.28 and a 12-month high of $164.29. The business’s fifty day simple moving average is $129.75 and its 200-day simple moving average is $139.95. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.93 billion, a PE ratio of 14.23, a PEG ratio of 1.41 and a beta of 1.41.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the sale, the insider now owns 104,084 shares in the company, valued at approximately $13,126,033.24. This represents a 3.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 19,078 shares of company stock valued at $2,474,347 over the last ninety days. Company insiders own 17.10% of the company’s stock.

Institutional Trading of Mohawk Industries

A number of hedge funds have recently added to or reduced their stakes in MHK. Quest Partners LLC raised its position in shares of Mohawk Industries by 40.0% in the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after acquiring an additional 84 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Mohawk Industries in the 3rd quarter valued at about $36,000. Headlands Technologies LLC acquired a new position in Mohawk Industries in the 2nd quarter worth about $50,000. Wilmington Savings Fund Society FSB purchased a new position in Mohawk Industries during the third quarter worth approximately $55,000. Finally, Blue Trust Inc. grew its holdings in Mohawk Industries by 85.6% in the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after purchasing an additional 167 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.

Mohawk Industries Company Profile

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.