Mohawk Industries, Inc. (NYSE:MHK) Shares Acquired by Amundi

Amundi raised its stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 117.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 331,750 shares of the company's stock after acquiring an additional 179,121 shares during the quarter. Amundi owned approximately 0.53% of Mohawk Industries worth $39,239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MHK. PNC Financial Services Group Inc. raised its holdings in Mohawk Industries by 6.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,959 shares of the company's stock worth $1,186,000 after purchasing an additional 569 shares during the period. Candriam S.C.A. acquired a new position in shares of Mohawk Industries during the 4th quarter worth approximately $846,000. Inceptionr LLC purchased a new position in shares of Mohawk Industries during the 4th quarter valued at approximately $769,000. Raymond James Financial Inc. acquired a new stake in Mohawk Industries in the 4th quarter valued at $4,891,000. Finally, Proficio Capital Partners LLC acquired a new position in Mohawk Industries during the fourth quarter worth $3,732,000. Institutional investors and hedge funds own 78.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MHK. Barclays cut their target price on shares of Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. The Goldman Sachs Group cut their price objective on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Truist Financial decreased 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. Robert W. Baird reduced their price objective on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Finally, Bank of America lowered their target price on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Mohawk Industries presently has a consensus rating of "Moderate Buy" and an average target price of $146.92.

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Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 4,000 shares of Mohawk Industries stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $126.11, for a total value of $504,440.00. Following the completion of the transaction, the insider now owns 104,084 shares in the company, valued at approximately $13,126,033.24. The trade was a 3.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 17.10% of the stock is owned by insiders.

Mohawk Industries Trading Down 2.2 %

NYSE:MHK traded down $2.46 on Thursday, reaching $110.95. The company's stock had a trading volume of 965,939 shares, compared to its average volume of 696,383. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44. 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, Inc. has a 12-month low of $104.88 and a 12-month high of $164.29. The stock has a 50 day moving average price of $120.67 and a 200 day moving average price of $135.43.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued 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%. On average, equities analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

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.