Mohawk Industries, Inc. (NYSE:MHK) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 111.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 129,186 shares of the company's stock after acquiring an additional 67,990 shares during the period. BNP Paribas Financial Markets owned about 0.20% of Mohawk Industries worth $20,758,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MHK. Quest Partners LLC grew its stake in shares of Mohawk Industries by 40.0% in the 2nd quarter. Quest Partners LLC now owns 294 shares of the company's stock worth $33,000 after buying an additional 84 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Mohawk Industries in the 2nd quarter worth approximately $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 worth $58,000 after buying an additional 167 shares during the last quarter. AM Squared Ltd purchased a new stake in shares of Mohawk Industries in the 2nd quarter worth approximately $68,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Mohawk Industries in the 3rd quarter worth approximately $73,000. Hedge funds and other institutional investors own 78.98% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Baird R W upgraded Mohawk Industries from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 21st. Royal Bank of Canada lowered their price objective on 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. Robert W. Baird raised Mohawk Industries from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $160.00 to $196.00 in a research report on Monday, October 21st. Wells Fargo & Company raised Mohawk Industries from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $140.00 to $160.00 in a research report on Monday, October 7th. 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 research report on Monday, October 28th. Five 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. According to data from MarketBeat.com, Mohawk Industries presently has an average rating of "Moderate Buy" and a consensus price target of $162.08.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 660 shares of the firm's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the sale, the insider now directly owns 118,709 shares of the company's stock, valued at $17,979,665.14. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 17.10% of the company's stock.

Mohawk Industries Stock Down 0.2 %

Mohawk Industries stock traded down $0.27 during midday trading on Friday, reaching $138.83. The company's stock had a trading volume of 314,818 shares, compared to its average volume of 669,812. The stock's 50-day simple moving average is $147.82 and its 200-day simple moving average is $137.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. Mohawk Industries, Inc. has a 52-week low of $86.26 and a 52-week high of $164.29. The stock has a market capitalization of $8.76 billion, a P/E ratio of 15.72, a PEG ratio of 1.53 and a beta of 1.38.

Mohawk Industries 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.