Ieq Capital LLC Increases Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Ieq Capital LLC boosted its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 91.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,527 shares of the company's stock after acquiring an additional 4,560 shares during the period. Ieq Capital LLC's holdings in Mohawk Industries were worth $1,135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MHK. Choreo LLC acquired a new stake in Mohawk Industries in the 4th quarter worth approximately $258,000. Meeder Asset Management Inc. raised its holdings in shares of Mohawk Industries by 8.8% in the third quarter. Meeder Asset Management Inc. now owns 84,535 shares of the company's stock worth $13,583,000 after buying an additional 6,863 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Mohawk Industries by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company's stock worth $485,983,000 after buying an additional 74,123 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Mohawk Industries by 7.7% during the fourth quarter. New York State Teachers Retirement System now owns 50,028 shares of the company's stock worth $5,960,000 after buying an additional 3,560 shares during the period. Finally, Natixis Advisors LLC grew its holdings in shares of Mohawk Industries by 19.8% during the third quarter. Natixis Advisors LLC now owns 87,477 shares of the company's stock valued at $14,056,000 after buying an additional 14,480 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Price Performance

Shares of MHK stock traded up $1.18 during trading hours on Friday, hitting $117.64. 708,953 shares of the company's stock were exchanged, compared to its average volume of 781,473. Mohawk Industries, Inc. has a fifty-two week low of $104.88 and a fifty-two week high of $164.29. The firm has a market cap of $7.36 billion, a P/E ratio of 14.47, a P/E/G ratio of 1.44 and a beta of 1.41. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $121.32 and a two-hundred day moving average of $137.56.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. Sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 4,000 shares of Mohawk Industries stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the sale, the insider now directly owns 104,084 shares of the company's stock, valued at $13,126,033.24. The trade was a 3.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 19,078 shares of company stock valued at $2,474,347 over the last quarter. 17.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MHK has been the subject of a number of research reports. Wells Fargo & Company decreased 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. Robert W. Baird decreased their price objective on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Truist Financial dropped their price objective on shares of Mohawk Industries from $155.00 to $148.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Wolfe Research raised shares of Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a report on Wednesday, January 8th. Finally, Raymond James reaffirmed 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. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Mohawk Industries has an average rating of "Moderate Buy" and an average price target of $146.92.

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.