31,331 Shares in Mohawk Industries, Inc. (NYSE:MHK) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,331 shares of the company's stock, valued at approximately $3,732,000.

Other hedge funds have also added to or reduced their stakes in the company. Choreo LLC bought a new stake in Mohawk Industries during the 4th quarter worth approximately $258,000. Meeder Asset Management Inc. boosted its stake in Mohawk Industries by 8.8% during the third quarter. Meeder Asset Management Inc. now owns 84,535 shares of the company's stock valued at $13,583,000 after buying an additional 6,863 shares during the period. Townsend & Associates Inc grew its position in Mohawk Industries by 1.2% during the fourth quarter. Townsend & Associates Inc now owns 263,143 shares of the company's stock worth $34,382,000 after buying an additional 3,078 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Mohawk Industries in the 4th quarter worth about $997,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Mohawk Industries by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company's stock valued at $485,983,000 after acquiring an additional 74,123 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company's stock.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 10,500 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the sale, the insider now owns 93,584 shares in the company, valued at approximately $10,616,168.96. The trade was a 10.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 17.10% of the company's stock.

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Mohawk Industries Trading Down 2.2 %

Shares of NYSE:MHK traded down $2.52 during midday trading on Friday, hitting $111.75. 1,695,600 shares of the stock traded hands, compared to its average volume of 698,422. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $6.99 billion, a PE ratio of 13.75, a P/E/G ratio of 1.44 and a beta of 1.44. Mohawk Industries, Inc. has a one year low of $104.88 and a one year high of $164.29. The business's 50 day moving average is $120.25 and its two-hundred day moving average is $133.87.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. As a group, research analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on MHK. Raymond James restated a "strong-buy" rating and issued a $165.00 price objective (down from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Truist Financial lowered their price objective on shares of Mohawk Industries from $155.00 to $148.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Evercore ISI cut their target price on shares of Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a research report on Monday, February 10th. Wells Fargo & Company lowered their price target on Mohawk Industries from $135.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. Finally, Robert W. Baird cut their price objective on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued 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 $146.92.

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.