Mohawk Industries Sees Unusually High Options Volume (MHK)

Mohawk Industries, Inc. (NYSE:MHK) was the target of unusually large options trading on Monday. Investors bought 2,040 call options on the company. This is an increase of 1,755% compared to the typical volume of 110 call options.

Mohawk Industries (NYSE MHK) opened at $249.76 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.53 and a debt-to-equity ratio of 0.22. Mohawk Industries has a fifty-two week low of $219.22 and a fifty-two week high of $286.85. The stock has a market capitalization of $18,562.17, a P/E ratio of 18.35, a P/E/G ratio of 1.76 and a beta of 1.26.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, February 8th. The company reported $3.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.32 by $0.10. Mohawk Industries had a return on equity of 15.44% and a net margin of 10.24%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the business earned $3.26 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. equities analysts anticipate that Mohawk Industries will post 15.54 EPS for the current fiscal year.

A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $310.00 price target (up from $303.00) on shares of Mohawk Industries in a report on Monday, January 22nd. They noted that the move was a valuation call. Jefferies Group began coverage on Mohawk Industries in a report on Tuesday, December 12th. They issued a “buy” rating and a $330.00 price target for the company. ValuEngine raised Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Barclays upped their price target on Mohawk Industries from $285.00 to $301.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $295.62.

In related news, Director William Henry Runge III acquired 500 shares of the stock in a transaction dated Wednesday, February 14th. The stock was acquired at an average cost of $250.87 per share, with a total value of $125,435.00. Following the completion of the transaction, the director now owns 2,335 shares in the company, valued at approximately $585,781.45. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 17.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. NuWave Investment Management LLC purchased a new stake in Mohawk Industries in the fourth quarter valued at approximately $117,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Mohawk Industries in the fourth quarter valued at approximately $124,000. Cerebellum GP LLC purchased a new stake in Mohawk Industries in the fourth quarter valued at approximately $124,000. Calton & Associates Inc. purchased a new stake in Mohawk Industries in the fourth quarter valued at approximately $171,000. Finally, Tower Research Capital LLC TRC purchased a new stake in Mohawk Industries in the fourth quarter valued at approximately $174,000. Institutional investors own 78.49% of the company’s stock.

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Mohawk Industries Company Profile

Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.

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