UniSuper Management Pty Ltd Acquires 3,778 Shares of Mohawk Industries, Inc. (NYSE:MHK)

UniSuper Management Pty Ltd grew its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 43.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 12,393 shares of the company's stock after acquiring an additional 3,778 shares during the quarter. UniSuper Management Pty Ltd's holdings in Mohawk Industries were worth $1,476,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Hantz Financial Services Inc. raised its stake in Mohawk Industries by 7.5% in the third quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company's stock valued at $266,000 after purchasing an additional 115 shares in the last quarter. Contravisory Investment Management Inc. raised its position in shares of Mohawk Industries by 2.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company's stock valued at $680,000 after buying an additional 121 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Mohawk Industries by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company's stock worth $819,000 after acquiring an additional 130 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Mohawk Industries by 11.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,518 shares of the company's stock worth $244,000 after acquiring an additional 161 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in Mohawk Industries by 2.5% in the fourth quarter. CIBC Asset Management Inc now owns 7,816 shares of the company's stock valued at $931,000 after acquiring an additional 190 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.

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Mohawk Industries Trading Down 2.1 %

Shares of NYSE:MHK traded down $2.29 during mid-day trading on Friday, reaching $105.55. 981,113 shares of the company's stock were exchanged, compared to its average volume of 729,910. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. Mohawk Industries, Inc. has a twelve month low of $100.65 and a twelve month high of $164.29. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.44 and a beta of 1.44. The business's fifty day moving average price is $117.26 and its 200-day moving average price is $131.02.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, beating analysts' consensus estimates 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, research analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction 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 $10,616,168.96. This trade represents a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 17.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MHK shares. Truist Financial cut their target price on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a research note on Monday, February 10th. The Goldman Sachs Group reduced their price objective on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lowered their target price on Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. StockNews.com downgraded shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mohawk Industries in a research report on Tuesday. They set a "hold" rating and a $121.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $145.07.

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.