Choreo LLC purchased a new position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,165 shares of the company's stock, valued at approximately $258,000.
Other hedge funds also recently bought and sold shares of the company. Creative Planning raised its position in Mohawk Industries by 7.6% in the 2nd quarter. Creative Planning now owns 2,914 shares of the company's stock worth $331,000 after buying an additional 207 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Mohawk Industries in the 2nd quarter worth approximately $371,000. Exchange Traded Concepts LLC boosted its stake in Mohawk Industries by 2,773.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,523 shares of the company's stock worth $245,000 after purchasing an additional 1,470 shares during the period. Cardinal Capital Management boosted its stake in Mohawk Industries by 9.8% in the 3rd quarter. Cardinal Capital Management now owns 11,810 shares of the company's stock worth $1,898,000 after purchasing an additional 1,055 shares during the period. Finally, Blue Trust Inc. boosted its stake in Mohawk Industries by 85.6% in the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company's stock worth $58,000 after purchasing an additional 167 shares during the period. Institutional investors own 78.98% of the company's stock.
Mohawk Industries Stock Down 1.3 %
NYSE MHK traded down $1.60 during trading on Tuesday, hitting $119.41. The company's stock had a trading volume of 144,922 shares, compared to its average volume of 808,216. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. The company has a market cap of $7.54 billion, a PE ratio of 14.69, a P/E/G ratio of 1.60 and a beta of 1.41. The business's 50 day simple moving average is $122.66 and its 200-day simple moving average is $139.08. Mohawk Industries, Inc. has a fifty-two week low of $104.88 and a fifty-two week high of $164.29.
Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.00% and a net margin of 4.78%. On average, equities analysts anticipate that Mohawk Industries, Inc. will post 10.71 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Raymond James restated a "strong-buy" rating and issued a $165.00 price target (down from $185.00) on shares of Mohawk Industries in a research note on Monday, February 10th. Truist Financial dropped their price target on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Wolfe Research upgraded Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, Loop Capital lowered their price target on Mohawk Industries from $180.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Mohawk Industries has a consensus rating of "Moderate Buy" and an average target price of $146.92.
View Our Latest Stock Report on Mohawk Industries
Insider Buying and Selling
In related news, insider Suzanne L. Helen sold 4,000 shares of Mohawk Industries stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $126.11, for a total transaction of $504,440.00. Following the completion of the transaction, the insider now directly owns 104,084 shares in the company, valued at approximately $13,126,033.24. This trade represents a 3.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 19,078 shares of company stock valued at $2,474,347 over the last quarter. 17.10% of the stock is currently owned by company insiders.
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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