Discussion stirs around Mohawk Industries, Inc. (NYSE:MHK) this week; here is what analysts are saying.

August 9, 2018 - By Carolyn Hewitt

Mohawk Industries, Inc. (NYSE:MHK) LogoInvestors sentiment decreased to 0.74 in Q1 2018. Its down 0.39, from 1.13 in 2017Q4. It worsened, as 66 investors sold Mohawk Industries, Inc. shares while 187 reduced holdings. 43 funds opened positions while 144 raised stakes. 55.03 million shares or 1.87% less from 56.08 million shares in 2017Q4 were reported.
Pillar Pacific Mngmt Limited holds 1,785 shares or 0.05% of its portfolio. 22,204 were reported by Congress Asset Ma. Clearbridge Invs Ltd Limited Liability Company accumulated 553 shares or 0% of the stock. Adage Prtnrs Gru Limited Liability Corporation accumulated 279,900 shares. Brown Brothers Harriman & has invested 0.01% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Kbc Gp Nv has 0.02% invested in Mohawk Industries, Inc. (NYSE:MHK) for 8,239 shares. Palestra Management Ltd Company stated it has 518,686 shares. Gateway Advisers Limited Liability Com owns 3,915 shares. Hahn Capital Mngmt Lc holds 0% or 149,671 shares in its portfolio. Amica Pension Fund Board Of Trustees has 2,347 shares for 0.07% of their portfolio. Gradient Limited Liability reported 3 shares stake. Daiwa Sb Invests Ltd owns 620 shares for 0.04% of their portfolio. Endurance Wealth Mgmt stated it has 0% in Mohawk Industries, Inc. (NYSE:MHK). Vident Investment Advisory Ltd Com has invested 0.02% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Peak6 Lp has invested 0.01% in Mohawk Industries, Inc. (NYSE:MHK).

Since February 14, 2018, it had 6 insider buys, and 12 insider sales for $29.17 million activity. 8,707 Mohawk Industries, Inc. (NYSE:MHK) shares with value of $2.19 million were sold by WELLBORN CHISTOPHER. 50,000 shares were bought by BALCAEN FILIP, worth $9.15 million on Thursday, July 26. $4.35 million worth of Mohawk Industries, Inc. (NYSE:MHK) was sold by Thiers Bernard. RUNGE WILLIAM HENRY III bought $125,435 worth of Mohawk Industries, Inc. (NYSE:MHK) on Wednesday, February 14. $352,984 worth of Mohawk Industries, Inc. (NYSE:MHK) was sold by Turner John C JR. Patton Rodney David sold $214,996 worth of Mohawk Industries, Inc. (NYSE:MHK) on Monday, March 5.

Mohawk Industries, Inc. (NYSE:MHK) Ratings Coverage

Among 11 analysts covering Mohawk Industries (NYSE:MHK), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Mohawk Industries had 16 analyst reports since February 12, 2018 according to SRatingsIntel. The firm has “Neutral” rating by JP Morgan given on Thursday, June 7. As per Monday, April 30, the company rating was maintained by Robert W. Baird. Jefferies maintained Mohawk Industries, Inc. (NYSE:MHK) rating on Monday, February 12. Jefferies has “Buy” rating and $338.0 target. The firm has “Buy” rating given on Friday, July 27 by Stifel Nicolaus. The rating was maintained by Loop Capital Markets on Friday, April 27 with “Hold”. The rating was maintained by Credit Suisse on Friday, April 27 with “Outperform”. Stifel Nicolaus maintained Mohawk Industries, Inc. (NYSE:MHK) rating on Monday, April 30. Stifel Nicolaus has “Buy” rating and $290 target. The rating was maintained by Jefferies with “Buy” on Tuesday, July 31. Robert W. Baird maintained the shares of MHK in report on Monday, February 12 with “Outperform” rating. The company was upgraded on Monday, February 12 by Longbow. Below is a list of Mohawk Industries, Inc. (NYSE:MHK) latest ratings and price target changes.

31/07/2018 Broker: Jefferies Old Rating: Buy New Rating: Buy Old Target: $294 New Target: $268 Maintain
27/07/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $275 New Target: $220 Maintain
27/07/2018 Broker: Raymond James Old Rating: Strong Buy New Rating: Outperform Old Target: $165 Downgrade
27/07/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $290 New Target: $235 Maintain
07/06/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $250 New Target: $235 Maintain
30/04/2018 Broker: Barclays Capital Rating: Buy New Target: $278.0000
01/05/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $282 New Target: $250 Maintain
30/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $272.0000 Maintain
30/04/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $300 New Target: $290 Maintain
27/04/2018 Broker: Loop Capital Markets Rating: Hold New Target: $227.0000 Maintain

The stock increased 0.17% or $0.32 during the last trading session, reaching $186.42. About 127,556 shares traded. Mohawk Industries, Inc. (NYSE:MHK) has declined 9.97% since August 9, 2017 and is downtrending. It has underperformed by 22.54% the S&P500.

Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. The company has market cap of $13.91 billion. It operates through three divisions: Global Ceramic, Flooring North America , and Flooring Rest of the World (Flooring ROW). It has a 3.74 P/E ratio. The Global Ceramic segment provides a range of ceramic tile, porcelain tile, and natural stone products; and sources, markets, and distributes other tile related products.

More recent Mohawk Industries, Inc. (NYSE:MHK) news were published by: Streetinsider.com which released: “After-Hours Stock Movers 7/25: (PCMI) (ARNC) (XLNX) Higher; (FB) (MHK) (MAT) Lower (more…)” on July 25, 2018. Also Seekingalpha.com published the news titled: “Mohawk Industries (MHK) Q2 2018 Results – Earnings Call Transcript” on July 27, 2018. Benzinga.com‘s news article titled: “Barron’s Picks And Pans: Broadcom, Mohawk Industries, NextEra Energy And More” with publication date: July 15, 2018 was also an interesting one.

Mohawk Industries, Inc. (NYSE:MHK) Institutional Positions Chart

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