Castleark Management LLC bought a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,460 shares of the company's stock, valued at approximately $3,127,000.
A number of other large investors also recently made changes to their positions in MHK. Quest Partners LLC raised its holdings in shares of Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company's stock worth $33,000 after acquiring an additional 84 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Mohawk Industries during the 3rd quarter worth about $36,000. Headlands Technologies LLC acquired a new stake in shares of Mohawk Industries during the 2nd quarter valued at about $50,000. Blue Trust Inc. grew its stake in shares of Mohawk Industries by 85.6% in the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company's stock valued at $58,000 after buying an additional 167 shares in the last quarter. Finally, True Wealth Design LLC acquired a new position in Mohawk Industries in the third quarter worth approximately $61,000. Institutional investors and hedge funds own 78.98% of the company's stock.
Insider Buying and Selling at Mohawk Industries
In other news, insider Suzanne L. Helen sold 2,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total transaction of $270,960.00. Following the completion of the transaction, the insider now owns 2,453 shares of the company's stock, valued at approximately $332,332.44. This represents a 44.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.10% of the company's stock.
Mohawk Industries Stock Performance
Shares of Mohawk Industries stock traded down $0.51 during midday trading on Friday, hitting $130.92. The company had a trading volume of 1,042,356 shares, compared to its average volume of 629,039. Mohawk Industries, Inc. has a 1-year low of $90.79 and a 1-year high of $164.29. The business's 50 day simple moving average is $145.42 and its two-hundred day simple moving average is $138.39. The stock has a market cap of $8.26 billion, a PE ratio of 14.83, a P/E/G ratio of 1.45 and a beta of 1.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09.
Wall Street Analysts Forecast Growth
MHK has been the subject of a number of analyst reports. Wells Fargo & Company upgraded shares of Mohawk Industries from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $140.00 to $160.00 in a research note on Monday, October 7th. Truist Financial decreased their price objective on shares of Mohawk Industries from $184.00 to $155.00 and set a "buy" rating for the company in a report on Monday, October 28th. Royal Bank of Canada lowered their target price on shares of Mohawk Industries from $140.00 to $134.00 and set a "sector perform" rating on the stock in a research report on Monday, October 28th. Loop Capital reduced their price target on Mohawk Industries from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Barclays lowered their price objective on Mohawk Industries from $161.00 to $146.00 and set an "equal weight" rating on the stock in a report on Monday, October 28th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.67.
View Our Latest Research Report on MHK
Mohawk Industries Profile
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Free Report)
Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.
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