Mohawk Industries, Inc. (NYSE:MHK) Shares Purchased by Cwm LLC

CWM LLC increased its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 1,024.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,443 shares of the company's stock after purchasing an additional 6,781 shares during the period. CWM LLC's holdings in Mohawk Industries were worth $1,196,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in shares of Mohawk Industries by 48.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 302,889 shares of the company's stock worth $31,349,000 after acquiring an additional 98,920 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Mohawk Industries by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 6,240,136 shares of the company's stock worth $645,854,000 after acquiring an additional 39,143 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Mohawk Industries by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,769 shares of the company's stock worth $597,000 after acquiring an additional 184 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Mohawk Industries by 11.8% during the 1st quarter. GAMMA Investing LLC now owns 1,807 shares of the company's stock worth $237,000 after acquiring an additional 190 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Mohawk Industries during the 1st quarter worth approximately $110,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

Mohawk Industries Stock Down 1.1 %

Shares of MHK traded down $1.76 during midday trading on Thursday, reaching $159.20. 460,498 shares of the stock were exchanged, compared to its average volume of 695,582. Mohawk Industries, Inc. has a 52 week low of $76.02 and a 52 week high of $164.05. The company has a current ratio of 1.92, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The company's 50 day moving average is $153.58 and its two-hundred day moving average is $132.35. The company has a market capitalization of $10.17 billion, a P/E ratio of -24.51, a PEG ratio of 1.23 and a beta of 1.37.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.75 by $0.25. Mohawk Industries had a positive return on equity of 8.07% and a negative net margin of 3.30%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the company earned $2.76 EPS. The business's revenue was down 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Mohawk Industries, Inc. will post 10 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MHK shares. The Goldman Sachs Group boosted their target price on Mohawk Industries from $141.00 to $185.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Loop Capital boosted their target price on Mohawk Industries from $145.00 to $185.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Truist Financial boosted their target price on Mohawk Industries from $135.00 to $184.00 and gave the company a "buy" rating in a research report on Monday, July 29th. JPMorgan Chase & Co. boosted their target price on Mohawk Industries from $124.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Finally, Robert W. Baird boosted their target price on Mohawk Industries from $132.00 to $160.00 and gave the company a "neutral" rating in a research report on Monday, July 29th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mohawk Industries has an average rating of "Moderate Buy" and an average price target of $163.25.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 660 shares of the firm's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the sale, the insider now owns 118,709 shares of the company's stock, valued at $17,979,665.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Suzanne L. Helen sold 660 shares of the firm's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the sale, the insider now owns 118,709 shares of the company's stock, valued at $17,979,665.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Suzanne L. Helen sold 700 shares of the firm's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $146.97, for a total value of $102,879.00. Following the sale, the insider now directly owns 121,669 shares in the company, valued at approximately $17,881,692.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,415 shares of company stock valued at $673,387. 17.10% of the stock is currently owned by corporate insiders.

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.