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3 Stocks Pushing The Industrial Industry Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Industrial industry as a whole closed the day down 1.6% versus the S&P 500, which was down 0.6%. Laggards within the Industrial industry included Bonso Electronics International ( BNSO), down 5.5%, LGL Group ( LGL), down 2.7%, Intelligent Systems ( INS), down 1.8%, Asia Pacific Wire & Cable ( APWC), down 1.8% and Art's-Way Manufacturing ( ARTW), down 2.1%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Mohawk Industries ( MHK) is one of the companies that pushed the Industrial industry lower today. Mohawk Industries was down $4.48 (3.2%) to $135.00 on light volume. Throughout the day, 653,065 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 1,014,600 shares. The stock ranged in price between $134.78-$139.31 after having opened the day at $139.31 as compared to the previous trading day's close of $139.48.

Mohawk Industries, Inc., together with its subsidiaries, designs, manufactures, sources, distributes, and markets floor covering products for residential and commercial applications in both remodeling and new construction worldwide. Mohawk Industries has a market cap of $10.2 billion and is part of the consumer goods sector. Shares are down 6.3% year-to-date as of the close of trading on Tuesday. Currently there are 7 analysts who rate Mohawk Industries a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates Mohawk Industries as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, 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 shows weak operating cash flow.

Highlights from TheStreet Ratings analysis on MHK go as follows:

  • MHK's revenue growth has slightly outpaced the industry average of 19.0%. Since the same quarter one year prior, revenues rose by 21.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • MOHAWK INDUSTRIES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, MOHAWK INDUSTRIES INC increased its bottom line by earning $5.05 versus $3.60 in the prior year. This year, the market expects an improvement in earnings ($8.26 versus $5.05).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Household Durables industry. The net income increased by 60.6% when compared to the same quarter one year prior, rising from $50.50 million to $81.08 million.
  • Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.
  • The current debt-to-equity ratio, 0.56, is low and is below the industry average, implying that there has been successful management of debt levels. Despite the fact that MHK's debt-to-equity ratio is low, the quick ratio, which is currently 0.68, displays a potential problem in covering short-term cash needs.

You can view the full analysis from the report here: Mohawk Industries Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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