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.
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.4%. By the end of trading, Mohawk Industries fell $1.65 (-1.2%) to $133.39 on average volume. Throughout the day, 1,218,052 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 976,600 shares. The stock ranged in price between $132.87-$135.26 after having opened the day at $135.00 as compared to the previous trading day's close of $135.04. Other companies within the Industrial Goods sector that declined today were:
), down 11.0%,
), down 10.8%,
), down 8.7% and
), down 8.0%.
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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 $10.0 billion and is part of the industrial industry. Shares are down 9.3% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Mohawk Industries a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
. 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.
- You can view the full Mohawk Industries Ratings Report.
On the positive front,
), up 20.8%,
), up 7.6%,
), up 7.2% and
), up 6.3% , were all gainers within the industrial goods sector with
) being today's featured industrial goods sector leader.
- 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
) while those bearish on the industrial goods sector could consider
- Find other investment ideas from our top rated ETFs lists.