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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Mohawk Industries (MHK) pushed the Industrial Goods sector higher today making it today's featured industrial goods winner. The sector as a whole was unchanged today. By the end of trading, Mohawk Industries rose $1.62 (1.5%) to $108.05 on average volume. Throughout the day, one million shares of Mohawk Industries exchanged hands as compared to its average daily volume of 725,400 shares. The stock ranged in a price between $105.96-$109.22 after having opened the day at $105.96 as compared to the previous trading day's close of $106.43. Other companies within the Industrial Goods sector that increased today were: Broadwind Energy (BWEN), up 10.5%, Dixie Group (DXYN), up 9.2%, Stratasys (SSYS), up 7.1%, and Veolia Environnement (VE), up 6.9%.

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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 $7.35 billion and is part of the industrial industry. The company has a P/E ratio of 29.4, above the S&P 500 P/E ratio of 17.7. Shares are up 17.2% year to date as of the close of trading on Friday. Currently there are five analysts that rate Mohawk Industries a buy, no analysts rate it a sell, and four 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, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Xinyuan Real Estate (XIN), down 14.6%, JinkoSolar (JKS), down 13%, Argan (AGX), down 9.1%, and Frontline (FRO), down 7%, were all laggards within the industrial goods sector with Allegheny Technologies (ATI) being today's industrial goods sector laggard.

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).

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