Natixis Advisors L.P. recently increased its stake in
Mohawk Industries Inc. (NYSE:MHK), reflecting a growing investor confidence in the company. The flooring industry leader's stock has seen a significant uptick, outperforming the market. However, the current housing market scenario continues to impact the flooring industry negatively. The first-quarter earnings of Mohawk Industries (MHKi) are expected to see a decline. Retirement Systems of Alabama whittled down its position with a sale of MHK shares, while New York Life Investment Management LLC ramped up theirs.
JPMorgan Chase & Co. raised MHK's price target to $124.00 and Q1 reports indicate solid earnings and revenue.
LSV Asset Management has a significant $16.13 million stock position, while LA Capital Management LLC parted with 10,853 shares of the company. Tariffs were raised to $108.00 by
RBC Capital. However, insiders sold US$5.1m in the stock, hinting at potential weakness. MHK's earnings exceeded sales targets, but the emphasis on debt is a concern. The SWOT analysis of MHK indicates some known weaknesses.
Deutsche Bank elevated MHK's rating to buy. CEO
Jeffrey Lorberbaum sold 10,000 shares as asset management decreased its holdings.
Mohawk Industries MHK News Analytics from Mon, 04 May 2020 07:00:00 GMT to Fri, 10 May 2024 12:33:16 GMT -
Rating 8
- Innovation -2
- Information 3
- Rumor -1
