{
}
Zurcher Kantonalbank now holds 12,307 shares of Mohawk Industries, valued at $1,977,000, after increasing its stake by 1,685 shares. Other institutional investors, including Public Sector Pension Investment Board and Captrust Financial Advisors, have also raised their holdings significantly. Analysts have mixed ratings on the stock, with a consensus target price of $145.07, while the stock recently traded at $112.72, down from a 12-month high of $164.29.
Deutsche Bank has initiated coverage on Mohawk Industries, assigning a "Hold" rating with a price target of $121. The company specializes in manufacturing ground coating products, with net sales primarily from tile products (38.6%) and carpets and rugs (35.5%). Geographically, 54.2% of sales come from the U.S., followed by Europe (30.4%) and Latin America (6.9%).
Loop Capital reduced its price target for Mohawk Industries from $180 to $155, maintaining a "buy" rating, while Evercore ISI lowered theirs from $150 to $140 with an "in-line" rating. Raymond James set a new target of $165, down from $185, and Barclays decreased theirs from $130 to $125, assigning an "equal weight" rating. Currently, the stock has a consensus rating of "Moderate Buy" with an average price target of $146.92, as institutional investors hold 78.98% of the shares.
UBS analyst John Lovallo has reduced the price target for Mohawk Industries (NYSE: MHK) from $132.00 to $128.00. This adjustment reflects ongoing evaluations of the company's market position and performance.
Stocks closed on a sour note as traders anticipate earnings reports from Chevron and Exxon Mobil, with both CEOs scheduled to appear on CNBC. General Motors saw a 13% rise in the last month, while Ford and Stellantis faced declines. Apple reported strong iPhone sales but saw a slight drop in stock after hours, despite a 22.7% year-to-date increase. Financials outperformed in October, while health care and consumer durables struggled.
Mohawk Industries, Inc. specializes in soil coating products, offering a diverse range of brands including Mohawk, Daltile, and Pergo. The company's net sales are primarily derived from tile products (38.6%), carpets and rugs (35.5%), and flooring (15.6%), with a global presence of 71 production sites. Geographically, 54.2% of sales come from the United States, followed by Europe (30.4%), Latin America (6.9%), and other regions (8.5%).
Mohawk Industries, Inc. specializes in manufacturing and marketing flooring products, with a diverse portfolio including brands like Mohawk, Daltile, and Pergo. The company's net sales are primarily derived from tile products (38.6%) and carpets (35.5%), with significant geographic distribution in the U.S. (54.2%) and Europe (30.4%). As of the end of 2023, Mohawk operates 71 production sites globally.
Mohawk Industries, Inc. focuses on manufacturing and marketing flooring products, with a diverse portfolio including brands like Mohawk, American Olean, and Pergo. The company's net sales are primarily derived from tile products (38.6%) and carpets and rugs (35.5%), with a global presence across 71 production sites. Geographically, 54.2% of sales come from the United States, followed by Europe (30.4%), Latin America (6.9%), and other regions (8.5%).
Mohawk Industries, Inc.
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mohawk industries sees increased institutional investment and mixed analyst ratings
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