Candriam S.C.A. Purchases New Position in Mohawk Industries, Inc. (NYSE:MHK)

Candriam S.C.A. purchased a new position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,100 shares of the company's stock, valued at approximately $846,000.

Other institutional investors have also made changes to their positions in the company. Mark Sheptoff Financial Planning LLC purchased a new position in Mohawk Industries in the third quarter valued at about $36,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Mohawk Industries in the 3rd quarter valued at approximately $55,000. True Wealth Design LLC acquired a new position in Mohawk Industries in the third quarter worth approximately $61,000. Versant Capital Management Inc raised its position in Mohawk Industries by 71.0% during the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company's stock valued at $64,000 after acquiring an additional 223 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Mohawk Industries in the fourth quarter valued at approximately $66,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 4,000 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $126.11, for a total transaction of $504,440.00. Following the completion of the transaction, the insider now owns 104,084 shares in the company, valued at $13,126,033.24. This trade represents a 3.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.10% of the stock is owned by insiders.

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Mohawk Industries Stock Performance

Shares of NYSE:MHK traded up $1.35 on Wednesday, hitting $113.87. 333,821 shares of the company were exchanged, compared to its average volume of 692,544. 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 company's 50 day moving average price is $120.78 and its two-hundred day moving average price is $135.59. Mohawk Industries, Inc. has a one year low of $104.88 and a one year high of $164.29. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.44 and a beta of 1.44.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Bank of America dropped their price target on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Truist Financial cut their target price on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group lowered their price objective on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company reduced their target price on Mohawk Industries from $135.00 to $130.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Finally, Robert W. Baird decreased their target price on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Mohawk Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.92.

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.