Mohawk Industries, Inc. (NYSE:MHK) Stock Holdings Increased by Bessemer Group Inc.

Bessemer Group Inc. grew its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,312 shares of the company's stock after acquiring an additional 2,792 shares during the period. Bessemer Group Inc.'s holdings in Mohawk Industries were worth $2,300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Mohawk Industries by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,229,786 shares of the company's stock worth $742,154,000 after buying an additional 20,327 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Mohawk Industries by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,215,616 shares of the company's stock worth $383,076,000 after acquiring an additional 191,077 shares during the last quarter. Invesco Ltd. grew its holdings in Mohawk Industries by 16.3% during the 4th quarter. Invesco Ltd. now owns 1,725,383 shares of the company's stock worth $205,545,000 after acquiring an additional 241,448 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Mohawk Industries by 35.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,366,517 shares of the company's stock valued at $162,793,000 after purchasing an additional 354,656 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Mohawk Industries by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,298,260 shares of the company's stock worth $154,488,000 after purchasing an additional 22,736 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company dropped their price objective on Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Barclays reduced their price target on shares of Mohawk Industries from $125.00 to $115.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Truist Financial lowered their target price on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of Mohawk Industries in a research report on Tuesday, April 1st. They issued a "hold" rating and a $121.00 price objective on the stock. Finally, Bank of America lowered their target price on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $142.57.

Insider Activity

In related news, insider Suzanne L. Helen sold 10,500 shares of the company's stock in a transaction 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 completion of the transaction, the insider now directly owns 93,584 shares in the company, valued at $10,616,168.96. This represents a 10.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 17.40% of the company's stock.

Mohawk Industries Stock Up 1.8 %

Shares of Mohawk Industries stock traded up $1.83 during trading on Friday, reaching $102.75. The company had a trading volume of 417,383 shares, compared to its average volume of 736,265. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29. The firm's fifty day moving average is $113.04 and its 200-day moving average is $127.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06.

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

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.