Mohawk Industries Inc. (MHK): Today's Featured Industrial 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 industry higher today making it today's featured industrial winner. The industry as a whole closed the day up 0.2%. By the end of trading, Mohawk Industries rose $1.73 (1.7%) to $104.84 on average volume. Throughout the day, 644,475 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 618,500 shares. The stock ranged in a price between $102.86-$104.99 after having opened the day at $103.04 as compared to the previous trading day's close of $103.11. Other companies within the Industrial industry that increased today were: JinkoSolar ( JKS), up 7.7%, Chase Corporation ( CCF), up 7.5%, IntriCon Corporation ( IIN), up 7.1%, and P & F Industries ( PFIN), up 7.1%.
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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 $7.03 billion and is part of the industrial goods sector. The company has a P/E ratio of 31, above the S&P 500 P/E ratio of 17.7. Shares are up 12.5% 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, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, THT Heat Transfer Technology ( THTI), down 7.6%, Active Power ( ACPW), down 5.1%, China Valves Technology ( CVVT), down 4.4%, and Ecotality ( ECTY), down 4.3%, were all laggards within the industrial industry with Gardner Denver ( GDI) being today's industrial industry laggard.

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 ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

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