Holocene Advisors LP Purchases 23,859 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Holocene Advisors LP boosted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 16.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 168,327 shares of the company's stock after purchasing an additional 23,859 shares during the period. Holocene Advisors LP owned 0.27% of Mohawk Industries worth $27,047,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its position in shares of Mohawk Industries by 12.5% in the third quarter. Signaturefd LLC now owns 683 shares of the company's stock valued at $110,000 after buying an additional 76 shares during the last quarter. Quest Partners LLC increased its stake in shares of Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company's stock worth $33,000 after purchasing an additional 84 shares during the period. State of Michigan Retirement System increased its stake in shares of Mohawk Industries by 0.7% during the second quarter. State of Michigan Retirement System now owns 14,545 shares of the company's stock worth $1,652,000 after purchasing an additional 100 shares during the period. Allworth Financial LP increased its stake in shares of Mohawk Industries by 20.6% during the third quarter. Allworth Financial LP now owns 626 shares of the company's stock worth $101,000 after purchasing an additional 107 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in shares of Mohawk Industries by 7.5% during the third quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company's stock worth $266,000 after purchasing an additional 115 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 660 shares of Mohawk Industries stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the transaction, the insider now directly owns 118,709 shares of the company's stock, valued at approximately $17,979,665.14. This trade represents a 0.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 17.10% of the company's stock.

Mohawk Industries Trading Down 0.6 %

MHK traded down $0.88 during midday trading on Tuesday, hitting $135.45. 539,067 shares of the company were exchanged, compared to its average volume of 714,708. The firm has a market capitalization of $8.55 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.53 and a beta of 1.38. Mohawk Industries, Inc. has a 1-year low of $90.22 and a 1-year high of $164.29. The firm's 50 day moving average price is $147.38 and its 200-day moving average price is $138.17. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MHK. Wells Fargo & Company upgraded Mohawk Industries from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $140.00 to $160.00 in a research note on Monday, October 7th. Robert W. Baird upgraded Mohawk Industries from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $160.00 to $196.00 in a research note on Monday, October 21st. Royal Bank of Canada lowered their price objective on Mohawk Industries from $140.00 to $134.00 and set a "sector perform" rating on the stock in a research note on Monday, October 28th. Jefferies Financial Group raised their price objective on Mohawk Industries from $150.00 to $160.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Finally, Truist Financial reduced their target price on Mohawk Industries from $184.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Mohawk Industries currently has a consensus rating of "Moderate Buy" and an average target price of $162.08.

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.