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.

Mohawk Industries ( MHK) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Mohawk Industries fell $3.29 (-2.5%) to $127.41 on light volume. Throughout the day, 535,586 shares of Mohawk Industries exchanged hands as compared to its average daily volume of 776,100 shares. The stock ranged in price between $127.38-$130.17 after having opened the day at $129.34 as compared to the previous trading day's close of $130.70. Other companies within the Industrial industry that declined today were: Exide Technologies ( XIDE), down 10.6%, China BAK Battery ( CBAK), down 8.1%, ZBB Energy Corporation ( ZBB), down 5.9% and Servotronics ( SVT), down 5.2%.

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 $9.4 billion and is part of the industrial goods sector. Shares are up 42.9% year to date as of the close of trading on Friday. 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 buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, China Valves Technology ( CVVT), up 28.9%, Wowjoint Holdings ( BWOW), up 20.0%, Altair Nanotechnologies ( ALTI), up 12.7% and Adept Technology ( ADEP), up 10.3%.

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).

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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