Mohawk Industries, Inc. (NYSE:MHK) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,215,616 shares of the company's stock after acquiring an additional 191,077 shares during the quarter. JPMorgan Chase & Co. owned about 5.09% of Mohawk Industries worth $383,076,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC lifted its holdings in shares of Mohawk Industries by 52.3% during the third quarter. FMR LLC now owns 2,179,510 shares of the company's stock worth $350,204,000 after purchasing an additional 748,070 shares during the period. American Century Companies Inc. lifted its stake in shares of Mohawk Industries by 48.7% in the 4th quarter. American Century Companies Inc. now owns 958,818 shares of the company's stock worth $114,224,000 after acquiring an additional 313,897 shares during the period. Amundi boosted its holdings in shares of Mohawk Industries by 117.4% in the fourth quarter. Amundi now owns 331,750 shares of the company's stock valued at $39,239,000 after acquiring an additional 179,121 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Mohawk Industries by 111.1% during the third quarter. BNP Paribas Financial Markets now owns 129,186 shares of the company's stock worth $20,758,000 after acquiring an additional 67,990 shares during the period. Finally, Bank of Montreal Can raised its holdings in Mohawk Industries by 64.6% during the third quarter. Bank of Montreal Can now owns 139,867 shares of the company's stock worth $22,212,000 after purchasing an additional 54,914 shares in the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

MHK has been the topic of several recent analyst reports. Truist Financial dropped their target price on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft began coverage on Mohawk Industries in a research report on Tuesday. They issued a "hold" rating and a $121.00 price objective for the company. Barclays decreased their target price on shares of Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company cut their price target on shares of 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 price objective on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Mohawk Industries currently has a consensus rating of "Moderate Buy" and an average target price of $145.07.

Mohawk Industries Trading Down 6.3 %

MHK traded down $7.37 during trading on Thursday, hitting $109.78. The company's stock had a trading volume of 327,958 shares, compared to its average volume of 766,334. Mohawk Industries, Inc. has a twelve month low of $104.88 and a twelve month high of $164.29. The stock has a market cap of $6.87 billion, a PE ratio of 13.50, a PEG ratio of 1.44 and a beta of 1.44. The firm's 50 day moving average price is $118.12 and its 200-day moving average price is $131.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12.

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

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of the company's 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 transaction, the insider now owns 93,584 shares of the company's stock, valued at approximately $10,616,168.96. This represents a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 17.10% of the company's stock.

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.