Brandywine Global Investment Management LLC Boosts Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Brandywine Global Investment Management LLC increased its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 25.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,675 shares of the company's stock after acquiring an additional 7,876 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.06% of Mohawk Industries worth $4,607,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Mohawk Industries in the 3rd quarter worth approximately $55,000. Versant Capital Management Inc raised its stake in Mohawk Industries by 71.0% in the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company's stock worth $64,000 after buying an additional 223 shares in the last quarter. R Squared Ltd purchased a new stake in Mohawk Industries during the fourth quarter worth $66,000. Jones Financial Companies Lllp boosted its position in Mohawk Industries by 233.0% during the 4th quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock valued at $85,000 after acquiring an additional 501 shares in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Mohawk Industries in the 4th quarter valued at $88,000. 78.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MHK. Truist Financial decreased their price objective 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. 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 report on Monday, February 10th. The Goldman Sachs Group reduced their price objective on shares of Mohawk Industries from $170.00 to $145.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Bank of America decreased their target price on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Finally, Barclays cut their price target on shares of Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Seven 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $145.07.

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Insider Activity

In related news, insider Suzanne L. Helen sold 10,500 shares of the business's stock in a transaction on Friday, March 14th. The shares were 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. The trade was a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 17.10% of the company's stock.

Mohawk Industries Stock Performance

MHK traded down $2.29 on Friday, reaching $105.55. 981,113 shares of the stock were exchanged, compared to its average volume of 730,561. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The company's 50-day moving average price is $117.26 and its 200 day moving average price is $130.67. The firm has a market capitalization of $6.61 billion, a PE ratio of 12.98, a PEG ratio of 1.44 and a beta of 1.23. Mohawk Industries, Inc. has a fifty-two week low of $100.56 and a fifty-two week high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. As a group, sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

About Mohawk Industries

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.