Mohawk Industries, Inc. (MHK) on Focus After Trading At 52-Week Lows

April 25, 2018 - By Nellie Frank

Mohawk Industries, Inc. (NYSE:MHK) Logo

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.03, from 1.1 in 2017Q3. It improved, as 28 investors sold Mohawk Industries, Inc. shares while 181 reduced holdings. 74 funds opened positions while 163 raised stakes. 56.08 million shares or 0.46% more from 55.82 million shares in 2017Q3 were reported.
Boston Ltd Limited Liability Company owns 76,563 shares for 0.46% of their portfolio. Amalgamated Natl Bank stated it has 7,838 shares or 0.06% of all its holdings. Dekabank Deutsche Girozentrale invested in 7,846 shares or 0.02% of the stock. Fincl Bank Of Nova Scotia owns 17,061 shares. Howe And Rusling holds 0.01% or 115 shares in its portfolio. Wells Fargo Mn invested in 1.01 million shares. 21,582 were accumulated by Utd Svcs Automobile Association. Amica Mutual Company holds 2,461 shares. Stellar Cap Mgmt Llc has invested 2.55% in Mohawk Industries, Inc. (NYSE:MHK). Kames Cap Public Limited Co holds 215,529 shares. Pggm Invs owns 87,000 shares. British Columbia Invest Mngmt Corporation has 0.07% invested in Mohawk Industries, Inc. (NYSE:MHK) for 34,180 shares. Patten Gru has invested 0.01% in Mohawk Industries, Inc. (NYSE:MHK). Invesco Limited has 0.03% invested in Mohawk Industries, Inc. (NYSE:MHK). Swiss Savings Bank holds 0.07% or 233,074 shares in its portfolio.

Since February 14, 2018, it had 1 buying transaction, and 11 selling transactions for $9.24 million activity. 944 shares were sold by Turner John C JR, worth $230,917 on Friday, March 9. Boykin Frank H also sold $356,242 worth of Mohawk Industries, Inc. (NYSE:MHK) on Monday, March 5. WELLBORN CHISTOPHER sold 8,707 shares worth $2.19M. Another trade for 446 shares valued at $109,270 was made by Patton Rodney David on Friday, March 9. 500 Mohawk Industries, Inc. (NYSE:MHK) shares with value of $125,435 were bought by RUNGE WILLIAM HENRY III.

The stock of Mohawk Industries, Inc. (NYSE:MHK) hit a new 52-week low and has $208.96 target or 8.00 % below today’s $227.14 share price. The 8 months bearish chart indicates high risk for the $16.93B company. The 1-year low was reported on Apr, 25 by Barchart.com. If the $208.96 price target is reached, the company will be worth $1.35 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.05% or $0.115 during the last trading session, reaching $227.135. About 692,442 shares traded. Mohawk Industries, Inc. (NYSE:MHK) has risen 0.12% since April 25, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Analysts await Mohawk Industries, Inc. (NYSE:MHK) to report earnings on April, 26 after the close. They expect $3.01 EPS, up 10.66 % or $0.29 from last year’s $2.72 per share. MHK’s profit will be $224.34 million for 18.87 P/E if the $3.01 EPS becomes a reality. After $3.42 actual EPS reported by Mohawk Industries, Inc. for the previous quarter, Wall Street now forecasts -11.99 % negative EPS growth.

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

Among 11 analysts covering Mohawk Industries (NYSE:MHK), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Mohawk Industries had 15 analyst reports since October 27, 2017 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Tuesday, December 12. The firm earned “Neutral” rating on Monday, October 30 by JP Morgan. On Monday, February 12 the stock rating was maintained by Robert W. Baird with “Outperform”. On Monday, October 30 the stock rating was maintained by RBC Capital Markets with “Buy”. The company was upgraded on Monday, February 12 by Longbow. Credit Suisse maintained Mohawk Industries, Inc. (NYSE:MHK) on Monday, January 22 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Monday, February 12 report. Barclays Capital maintained it with “Overweight” rating and $301 target in Monday, October 30 report. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, November 14 report. The rating was maintained by Nomura with “Buy” on Friday, October 27.

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 $16.93 billion. It operates through three divisions: Global Ceramic, Flooring North America , and Flooring Rest of the World (Flooring ROW). It has a 4.55 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.

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

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