Mohawk Industries, Inc. (NYSE:MHK) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 6.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,181 shares of the company's stock after acquiring an additional 3,918 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.10% of Mohawk Industries worth $10,473,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MHK. Vanguard Group Inc. boosted its position in Mohawk Industries by 0.3% in the first quarter. Vanguard Group Inc. now owns 6,257,677 shares of the company's stock worth $819,067,000 after purchasing an additional 17,541 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Mohawk Industries by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,036,545 shares of the company's stock worth $344,903,000 after buying an additional 292,661 shares during the last quarter. Select Equity Group L.P. raised its position in Mohawk Industries by 8.5% in the second quarter. Select Equity Group L.P. now owns 1,702,440 shares of the company's stock worth $193,380,000 after acquiring an additional 132,879 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Mohawk Industries by 42.9% during the 2nd quarter. Pacer Advisors Inc. now owns 1,200,360 shares of the company's stock worth $136,349,000 after acquiring an additional 360,628 shares during the last quarter. Finally, Brandes Investment Partners LP grew its position in shares of Mohawk Industries by 10.5% during the 2nd quarter. Brandes Investment Partners LP now owns 1,015,640 shares of the company's stock valued at $115,057,000 after acquiring an additional 96,174 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 660 shares of Mohawk Industries stock in a transaction dated 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 sale, the insider now owns 118,709 shares in the company, valued at $17,979,665.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Suzanne L. Helen sold 660 shares of the firm's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the transaction, the insider now owns 118,709 shares in the company, valued at approximately $17,979,665.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Suzanne L. Helen sold 2,300 shares of the company's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $151.15, for a total transaction of $347,645.00. Following the completion of the sale, the insider now directly owns 119,369 shares of the company's stock, valued at approximately $18,042,624.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,660 shares of company stock worth $550,488. Insiders own 17.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Royal Bank of Canada lowered their target price 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. Loop Capital boosted their price objective on Mohawk Industries from $145.00 to $185.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Baird R W upgraded Mohawk Industries from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 21st. The Goldman Sachs Group boosted their price target on Mohawk Industries from $141.00 to $185.00 and gave the stock a "buy" rating in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mohawk Industries from $124.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $162.08.

Mohawk Industries Trading Up 0.0 %

MHK traded up $0.01 during trading hours on Friday, reaching $134.28. 750,810 shares of the company's stock traded hands, compared to its average volume of 869,882. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $152.80 and a 200 day moving average price of $134.39. Mohawk Industries, Inc. has a 52-week low of $78.30 and a 52-week high of $164.29. The firm has a market capitalization of $8.48 billion, a PE ratio of 15.21, a PEG ratio of 1.46 and a beta of 1.38.

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.