Jump Financial LLC Has $4.66 Million Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Jump Financial LLC grew its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 151.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,144 shares of the company's stock after purchasing an additional 23,578 shares during the period. Jump Financial LLC owned approximately 0.06% of Mohawk Industries worth $4,663,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Magnetar Financial LLC raised its holdings in Mohawk Industries by 353.1% during the fourth quarter. Magnetar Financial LLC now owns 39,108 shares of the company's stock worth $4,659,000 after purchasing an additional 30,477 shares during the last quarter. Sei Investments Co. increased its holdings in Mohawk Industries by 46.3% during 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. Choreo LLC purchased a new stake in shares of Mohawk Industries in the fourth quarter valued at about $258,000. Townsend & Associates Inc grew its position in shares of Mohawk Industries by 1.2% in the fourth quarter. Townsend & Associates Inc now owns 263,143 shares of the company's stock valued at $34,382,000 after purchasing an additional 3,078 shares during the last quarter. Finally, Sciencast Management LP raised its position in shares of Mohawk Industries by 59.1% during the 4th quarter. Sciencast Management LP now owns 6,088 shares of the company's stock worth $725,000 after purchasing an additional 2,262 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company's stock.

Mohawk Industries Stock Performance

MHK traded up $3.60 during trading hours on Tuesday, hitting $103.57. The company's stock had a trading volume of 45,977 shares, compared to its average volume of 734,226. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29. The company has a 50-day simple moving average of $112.38 and a 200 day simple moving average of $125.88. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $6.47 billion, a PE ratio of 12.73, a PEG ratio of 1.44 and a beta of 1.23.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on MHK. Truist Financial cut their price target on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a report on Monday, February 10th. StockNews.com lowered shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. Wolfe Research upgraded Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Finally, Bank of America dropped their price objective on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Mohawk Industries has an average rating of "Moderate Buy" and a consensus price target of $142.57.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 93,584 shares in the company, valued at approximately $10,616,168.96. This trade represents a 10.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 17.40% 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.