Victory Capital Management Inc. Boosts Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Victory Capital Management Inc. grew its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,873 shares of the company's stock after buying an additional 2,951 shares during the quarter. Victory Capital Management Inc. owned 0.36% of Mohawk Industries worth $27,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. raised its position in Mohawk Industries by 7.5% in the third quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company's stock worth $266,000 after acquiring an additional 115 shares during the period. Contravisory Investment Management Inc. lifted its position in Mohawk Industries by 2.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company's stock valued at $680,000 after purchasing an additional 121 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Mohawk Industries by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company's stock valued at $819,000 after purchasing an additional 130 shares during the period. US Bancorp DE increased its position in Mohawk Industries by 3.9% in the third quarter. US Bancorp DE now owns 3,920 shares of the company's stock worth $630,000 after buying an additional 146 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Mohawk Industries by 11.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,518 shares of the company's stock worth $244,000 after buying an additional 161 shares during the period. Hedge funds and other institutional investors own 78.98% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts recently issued reports on MHK shares. Loop Capital cut their target price on Mohawk Industries from $180.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. cut their price objective on shares of Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Evercore ISI lowered 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 report on Monday, February 10th. Robert W. Baird cut their target price on shares of 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, Truist Financial decreased their price target on shares of Mohawk Industries from $155.00 to $148.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Five 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $146.92.

Mohawk Industries Trading Up 1.2 %

NYSE:MHK traded up $1.35 during midday trading on Wednesday, hitting $113.87. 333,821 shares of the company traded hands, compared to its average volume of 692,544. The firm has a market capitalization of $7.13 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.44 and a beta of 1.44. The firm's fifty day moving average is $120.78 and its 200-day moving average is $135.59. Mohawk Industries, Inc. has a 12-month low of $104.88 and a 12-month high of $164.29. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22.

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, 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%. On average, sell-side analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Activity

In other news, insider Suzanne L. Helen sold 4,000 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $126.11, for a total transaction of $504,440.00. Following the sale, the insider now directly owns 104,084 shares of the company's stock, valued at $13,126,033.24. The trade was a 3.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 17.10% of the company's stock.

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.