Quantbot Technologies LP lifted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 14.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,667 shares of the company's stock after purchasing an additional 8,410 shares during the quarter. Quantbot Technologies LP owned about 0.11% of Mohawk Industries worth $7,942,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in MHK. Mark Sheptoff Financial Planning LLC acquired a new position in Mohawk Industries during the third quarter worth approximately $36,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Mohawk Industries during the 3rd quarter worth $55,000. True Wealth Design LLC purchased a new position in shares of Mohawk Industries in the 3rd quarter worth $61,000. Versant Capital Management Inc boosted its holdings in Mohawk Industries by 71.0% in the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company's stock valued at $64,000 after acquiring an additional 223 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in Mohawk Industries during the fourth quarter valued at about $66,000. Hedge funds and other institutional investors own 78.98% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Truist Financial reduced their price objective on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. StockNews.com downgraded shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research note on Friday. Wells Fargo & Company dropped their price objective on shares of Mohawk Industries from $135.00 to $130.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their target price on shares of Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Finally, Barclays lowered their price target on Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Six 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $146.92.
Read Our Latest Stock Analysis on MHK
Mohawk Industries Stock Performance
Shares of NYSE MHK traded down $0.45 during mid-day trading on Tuesday, hitting $116.05. The company had a trading volume of 726,551 shares, compared to its average volume of 701,662. Mohawk Industries, Inc. has a 12 month low of $104.88 and a 12 month high of $164.29. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 1.44 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The firm's 50 day simple moving average is $119.81 and its two-hundred day simple moving average is $132.88.
Mohawk Industries (NYSE:MHK - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating 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, equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.
Insider Buying and Selling at Mohawk Industries
In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction on Friday, March 14th. The stock was 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 of the company's stock, valued at $10,616,168.96. The trade was a 10.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.10% of the stock is owned by company insiders.
About Mohawk Industries
(
Free Report)
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.
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