Bryce Point Capital LLC Purchases New Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Bryce Point Capital LLC bought a new stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,223 shares of the company's stock, valued at approximately $503,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Magnetar Financial LLC raised its stake in shares of Mohawk Industries by 353.1% in the 4th quarter. Magnetar Financial LLC now owns 39,108 shares of the company's stock valued at $4,659,000 after acquiring an additional 30,477 shares in the last quarter. Choreo LLC bought a new position in shares of Mohawk Industries during the fourth quarter worth about $258,000. Sei Investments Co. increased its position in shares of Mohawk Industries by 46.3% during the 4th quarter. Sei Investments Co. now owns 91,586 shares of the company's stock worth $10,911,000 after purchasing an additional 28,998 shares during the last quarter. Townsend & Associates Inc increased its holdings in shares of Mohawk Industries by 1.2% in the fourth quarter. Townsend & Associates Inc now owns 263,143 shares of the company's stock valued at $34,382,000 after purchasing an additional 3,078 shares during the last quarter. Finally, Sciencast Management LP raised its stake in Mohawk Industries by 59.1% in the 4th quarter. Sciencast Management LP now owns 6,088 shares of the company's stock worth $725,000 after purchasing an additional 2,262 shares in the last quarter. Institutional investors own 78.98% of the company's stock.

Mohawk Industries Stock Performance

Shares of MHK traded up $10.23 during mid-day trading on Wednesday, reaching $108.86. 1,561,915 shares of the company's stock traded hands, compared to its average volume of 737,155. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $164.29. The business's 50-day moving average price is $115.06 and its 200-day moving average price is $129.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The stock has a market capitalization of $6.81 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23.

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Mohawk Industries (NYSE:MHK - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. Equities analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial decreased their price target on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a report on Monday, February 10th. Loop Capital dropped their price objective on shares of Mohawk Industries from $180.00 to $155.00 and set a "buy" rating for the company in a report on Monday, February 10th. Wolfe Research raised shares of Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mohawk Industries in a research note on Tuesday, April 1st. They set a "hold" rating and a $121.00 target price for the company. Finally, Robert W. Baird dropped their price target on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Mohawk Industries presently has an average rating of "Moderate Buy" and a consensus price target of $144.36.

Insider Activity

In other news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the transaction, the insider now owns 93,584 shares in the company, valued at approximately $10,616,168.96. This trade represents a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 17.10% of the stock is currently owned by company insiders.

Mohawk Industries Company Profile

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.