Algert Global LLC lifted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 358.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,990 shares of the company's stock after acquiring an additional 19,538 shares during the period. Algert Global LLC's holdings in Mohawk Industries were worth $4,015,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new position in Mohawk Industries in the second quarter valued at about $85,997,000. Pacer Advisors Inc. lifted its stake in shares of Mohawk Industries by 42.9% during the 2nd quarter. Pacer Advisors Inc. now owns 1,200,360 shares of the company's stock valued at $136,349,000 after buying an additional 360,628 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Mohawk Industries by 10.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,036,545 shares of the company's stock valued at $344,903,000 after buying an additional 292,661 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Mohawk Industries by 1,464.0% during the 2nd quarter. Victory Capital Management Inc. now owns 227,357 shares of the company's stock valued at $25,825,000 after buying an additional 212,820 shares in the last quarter. Finally, Clearbridge Investments LLC purchased a new stake in shares of Mohawk Industries during the 2nd quarter valued at approximately $21,061,000. 78.98% of the stock is owned by institutional investors.
Insider Activity at Mohawk Industries
In related news, insider Suzanne L. Helen sold 660 shares of the business's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the transaction, the insider now directly owns 118,709 shares of the company's stock, valued at approximately $17,979,665.14. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 17.10% of the stock is owned by company insiders.
Mohawk Industries Stock Down 3.5 %
Mohawk Industries stock traded down $5.11 during mid-day trading on Tuesday, hitting $139.92. The company had a trading volume of 494,902 shares, compared to its average volume of 717,779. Mohawk Industries, Inc. has a 12 month low of $82.71 and a 12 month high of $164.29. The stock's 50 day moving average price is $149.22 and its two-hundred day moving average price is $137.57. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $8.83 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.53 and a beta of 1.38.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on MHK shares. The Goldman Sachs Group upped their target price on shares of Mohawk Industries from $141.00 to $185.00 and gave the stock a "buy" rating in a report on Monday, July 29th. Barclays decreased their price target on shares of Mohawk Industries from $161.00 to $146.00 and set an "equal weight" rating on the stock in a report on Monday, October 28th. Truist Financial reduced their target price on shares of Mohawk Industries from $184.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Loop Capital increased their target price on shares of Mohawk Industries from $145.00 to $185.00 and gave the company a "buy" rating in a report on Monday, July 29th. Finally, Royal Bank of Canada dropped their price target on shares of Mohawk Industries from $140.00 to $134.00 and set a "sector perform" rating for the company in a research report on Monday, October 28th. Five equities research 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $162.08.
View Our Latest Stock Analysis on Mohawk Industries
About Mohawk Industries
(
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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