Natixis Advisors LLC Buys 14,480 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Natixis Advisors LLC boosted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 19.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,477 shares of the company's stock after buying an additional 14,480 shares during the quarter. Natixis Advisors LLC owned approximately 0.14% of Mohawk Industries worth $14,056,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MHK. Signaturefd LLC increased its position in Mohawk Industries by 12.5% during the 3rd quarter. Signaturefd LLC now owns 683 shares of the company's stock valued at $110,000 after purchasing an additional 76 shares during the period. Quest Partners LLC grew its holdings in Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company's stock worth $33,000 after acquiring an additional 84 shares during the period. State of Michigan Retirement System raised its position in shares of Mohawk Industries by 0.7% in the 2nd quarter. State of Michigan Retirement System now owns 14,545 shares of the company's stock worth $1,652,000 after acquiring an additional 100 shares in the last quarter. Allworth Financial LP boosted its position in shares of Mohawk Industries by 20.6% during the 3rd quarter. Allworth Financial LP now owns 626 shares of the company's stock valued at $101,000 after purchasing an additional 107 shares in the last quarter. Finally, US Bancorp DE grew its stake in Mohawk Industries by 3.9% during the third quarter. US Bancorp DE now owns 3,920 shares of the company's stock worth $630,000 after purchasing an additional 146 shares during the period. Institutional investors own 78.98% of the company's stock.

Insider Buying and Selling

In other news, insider Suzanne L. Helen sold 660 shares of the business's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.46, for a total transaction of $99,963.60. Following the completion of the transaction, the insider now directly owns 118,709 shares in the company, valued at $17,979,665.14. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.10% of the stock is currently owned by insiders.

Mohawk Industries Stock Up 0.3 %

Mohawk Industries stock opened at $136.17 on Thursday. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.50 and a beta of 1.38. The firm has a 50 day simple moving average of $150.04 and a 200 day simple moving average of $136.97. Mohawk Industries, Inc. has a 1-year low of $82.71 and a 1-year high of $164.29. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MHK. Truist Financial cut their price target on Mohawk Industries from $184.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, October 28th. Jefferies Financial Group raised their price target on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada cut their price objective on shares of 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. Loop Capital raised their price objective on shares of Mohawk Industries from $145.00 to $185.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Mohawk Industries from $124.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Five investment 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. According to data from MarketBeat, Mohawk Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.08.

Mohawk Industries Company 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.