Mohawk Industries Inc. (MHK): Today's Featured Industrial Laggard
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 industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Mohawk Industries fell $2.28 (-1.8%) to $123.05 on light volume. Throughout the day, 546,618 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 793,400 shares. The stock ranged in price between $122.40-$126.13 after having opened the day at $126.13 as compared to the previous trading day's close of $125.33. Other companies within the Industrial industry that declined today were:
(
), down 8.1%,
(
), down 8.1%,
(
), down 7.7% and
(
), down 4.8%.
Mohawk Industries, Inc., together with its subsidiaries, produces floor covering products for residential and commercial applications in the United States and for residential applications in Europe. The company operates through three segments: Mohawk, Dal-Tile, and Unilin. Mohawk Industries has a market cap of $8.9 billion and is part of the industrial goods sector. Shares are up 36.2% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Mohawk Industries a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Mohawk Industries
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, 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 low profit margins.
- You can view the full Mohawk Industries Ratings Report.
On the positive front,
China Recycling Energy Corporation
(
), up 18.7%,
(
), up 11.1%,
(
), up 8.8% and
(
), up 6.8% , were all gainers within the industrial industry with
(
) being today's featured industrial industry leader.
- Use our industrial section to find industry-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 industry could consider
SPDR Dow Jones Industrial Average
(
) while those bearish on the industrial industry could consider
ProShares UltraShort Industrials
(
).
- Find other investment ideas from our top rated ETFs lists.
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