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TheStreet Wire

Mohawk Stock Hits New 52-Week High (MHK)

By TheStreet Wire 05/01/12 - 10:51 AM EDT

Find out if (MHK) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Mohawk Industries (NYSE:MHK) hit a new 52-week high Tuesday as it is currently trading at $68.89, above its previous 52-week high of $68.86 with 156,306 shares traded as of 11:24 a.m. ET. Average volume has been 591,600 shares over the past 30 days.

Mohawk has a market cap of $4.69 billion and is part of the industrial goods sector and industrial industry. Shares are up 12% year to date as of the close of trading on Monday.

Mohawk Industries, Inc., together with its subsidiaries, engages in the production and sale of floor covering products for residential and commercial markets for remodeling and new construction primarily in the United States and Europe. The company has a P/E ratio of 27, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Mohawk as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Mohawk Ratings Report.

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