CenterBook Partners LP Takes $1.19 Million Position in Mohawk Industries, Inc. (NYSE:MHK)

CenterBook Partners LP bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 9,999 shares of the company's stock, valued at approximately $1,191,000.

Other institutional investors have also modified their holdings of the company. Magnetar Financial LLC increased its holdings in shares of Mohawk Industries by 353.1% in the fourth quarter. Magnetar Financial LLC now owns 39,108 shares of the company's stock valued at $4,659,000 after purchasing an additional 30,477 shares during the last quarter. Choreo LLC acquired a new position in Mohawk Industries during the 4th quarter worth about $258,000. Sei Investments Co. grew its position in Mohawk Industries by 46.3% in the 4th quarter. Sei Investments Co. now owns 91,586 shares of the company's stock valued at $10,911,000 after acquiring an additional 28,998 shares in the last quarter. Townsend & Associates Inc lifted its position in shares of Mohawk Industries by 1.2% during the fourth quarter. Townsend & Associates Inc now owns 263,143 shares of the company's stock worth $34,382,000 after purchasing an additional 3,078 shares in the last quarter. Finally, Sciencast Management LP boosted its stake in shares of Mohawk Industries by 59.1% in the fourth quarter. Sciencast Management LP now owns 6,088 shares of the company's stock valued at $725,000 after purchasing an additional 2,262 shares during the period. Institutional investors and hedge funds own 78.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Loop Capital lowered their price target on shares of Mohawk Industries from $180.00 to $155.00 and set a "buy" rating for the company in a report on Monday, February 10th. Evercore ISI reduced their price objective on Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a research note on Monday, February 10th. Robert W. Baird dropped their price objective on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company cut their price target on shares of Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating for the company in a report on Monday. Finally, Truist Financial reduced their target price on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a report on Monday, February 10th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.57.

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Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $10,616,168.96. This represents a 10.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 17.40% of the stock is owned by insiders.

Mohawk Industries Trading Down 0.2 %

Shares of NYSE:MHK traded down $0.19 during mid-day trading on Wednesday, hitting $102.85. The stock had a trading volume of 131,290 shares, compared to its average volume of 734,509. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $164.29. The company's 50 day moving average is $113.73 and its 200-day moving average is $127.69. 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 has a market cap of $6.43 billion, a PE ratio of 12.65, a P/E/G ratio of 1.44 and a beta of 1.23.

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, 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%. On average, sell-side analysts predict 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.