National Bank of Canada FI Has $4.34 Million Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

National Bank of Canada FI increased its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 82.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 26,984 shares of the company's stock after purchasing an additional 12,164 shares during the period. National Bank of Canada FI's holdings in Mohawk Industries were worth $4,336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC grew its stake in Mohawk Industries by 40.0% in the second quarter. Quest Partners LLC now owns 294 shares of the company's stock valued at $33,000 after purchasing an additional 84 shares in the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in Mohawk Industries in the third quarter worth approximately $36,000. Headlands Technologies LLC acquired a new position in shares of Mohawk Industries during the 2nd quarter worth $50,000. Blue Trust Inc. raised its holdings in shares of Mohawk Industries by 85.6% during the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company's stock valued at $58,000 after purchasing an additional 167 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of Mohawk Industries in the 3rd quarter valued at $61,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Truist Financial dropped their price target on shares of Mohawk Industries from $184.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Jefferies Financial Group boosted their target price on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Loop Capital dropped their price objective on Mohawk Industries from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Wednesday, December 4th. Baird R W raised Mohawk Industries from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada dropped their price target on Mohawk Industries from $140.00 to $134.00 and set a "sector perform" rating on the stock in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $161.25.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 9,078 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total transaction of $1,187,947.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.10% of the stock is owned by insiders.

Mohawk Industries Price Performance

Shares of MHK traded down $2.59 during mid-day trading on Friday, reaching $127.81. The company had a trading volume of 484,707 shares, compared to its average volume of 717,183. The company's 50-day moving average is $143.17 and its 200-day moving average is $138.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. The company has a market capitalization of $8.07 billion, a P/E ratio of 14.77, a P/E/G ratio of 1.45 and a beta of 1.38. Mohawk Industries, Inc. has a twelve month low of $96.28 and a twelve month high of $164.29.

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.