Invesco Ltd. Has $205.55 Million Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Invesco Ltd. boosted its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,725,383 shares of the company's stock after acquiring an additional 241,448 shares during the quarter. Invesco Ltd. owned 2.73% of Mohawk Industries worth $205,545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. purchased a new position in shares of Mohawk Industries in the 4th quarter valued at $41,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Mohawk Industries in the 3rd quarter valued at approximately $55,000. Versant Capital Management Inc increased its stake in Mohawk Industries by 71.0% in the 4th quarter. Versant Capital Management Inc now owns 537 shares of the company's stock valued at $64,000 after buying an additional 223 shares during the period. R Squared Ltd acquired a new stake in shares of Mohawk Industries in the 4th quarter worth $66,000. Finally, Huntington National Bank boosted its holdings in shares of Mohawk Industries by 27.4% in the fourth quarter. Huntington National Bank now owns 554 shares of the company's stock valued at $66,000 after acquiring an additional 119 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company's stock.

Insider Buying and Selling

In other news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction that occurred 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 sale, the insider now owns 93,584 shares in the company, valued at $10,616,168.96. The trade was a 10.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 17.10% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Truist Financial cut their price objective on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Evercore ISI decreased their target price on shares of Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating on the stock in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mohawk Industries in a research note on Tuesday, April 1st. They set a "hold" rating and a $121.00 price target on the stock. Finally, Loop Capital reduced their price objective on shares of Mohawk Industries from $180.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Seven research 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $142.57.

Mohawk Industries Price Performance

NYSE:MHK traded down $1.20 during trading hours on Tuesday, reaching $103.03. The company had a trading volume of 538,502 shares, compared to its average volume of 737,422. Mohawk Industries, Inc. has a one year low of $96.24 and a one year high of $164.29. The firm has a market capitalization of $6.44 billion, a PE ratio of 12.67, a PEG ratio of 1.44 and a beta of 1.23. The stock has a 50-day moving average of $113.73 and a two-hundred day moving average of $127.69. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings data 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 net margin of 4.78% and a return on equity of 8.04%. Analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share 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.