Mohawk Industries Inc. (MHK): Today's Featured Industrial Goods Loser

Mohawk Industries (MHK) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods loser. The sector as a whole closed the day up 1.6%. By the end of trading, Mohawk Industries fell 41 cents (-0.6%) to $65.82 on light volume. Throughout the day, 468,069 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 676,200 shares. The stock ranged in price between $65.14-$67.52 after having opened the day at $66.90 as compared to the previous trading day's close of $66.23. Other company's within the Industrial Goods sector that declined today were: China Valves Technology (CVVT), down 8.1%, Cleantech Solutions International (CLNT), down 6.7%, ZBB Energy Corporation (ZBB), down 6.3%, and Nobility Homes (NOBH), down 6.1%.

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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. Mohawk Industries has a market cap of $4.41 billion and is part of the industrial industry. The company has a P/E ratio of 23.2, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 10.6% year to date as of the close of trading on Tuesday. Currently there are four analysts that rate Mohawk Industries a buy, one analyst rates it a sell, and five rate it a hold.

TheStreet Ratings rates Mohawk Industries as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and increase in net income. 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.

On the positive front, Ecotality (ECTY), up 34.9%, Valence Technology (VLNC), up 20%, Broadwind Energy (BWEN), up 11.5%, and Manitex International (MNTX), up 10.4%, were all gainers within the industrial goods sector with Raytheon Company (RTN) being today's featured industrial goods sector winner.

• Use our industrial goods section to find sector-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR (XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 (DOG).

• Find other investment ideas from our top rated ETFs lists.

For more information on Mohawk Industries Inc. click any of the following:

• Mohawk Industries Inc. Stock Price

• Mohawk Industries Inc. Analyst Ratings

• Mohawk Industries Inc. Key Stats & Profile

• Mohawk Industries Inc. Earnings

• Mohawk Industries Inc. Ratio Comparison

• Mohawk Industries Inc. Growth Rates

• Mohawk Industries Inc. Balance Sheet

• Mohawk Industries Inc. Cash Flow

• Mohawk Industries Inc. Income Statement