Mohawk Industries, Inc. (NYSE:MHK) Stock Position Lifted by Sei Investments Co.

Sei Investments Co. grew its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 46.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,586 shares of the company's stock after buying an additional 28,998 shares during the quarter. Sei Investments Co. owned 0.15% of Mohawk Industries worth $10,911,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. grew its holdings in Mohawk Industries by 7.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company's stock worth $266,000 after acquiring an additional 115 shares during the last quarter. Contravisory Investment Management Inc. raised its holdings in Mohawk Industries by 2.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company's stock worth $680,000 after buying an additional 121 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Mohawk Industries by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company's stock worth $819,000 after acquiring an additional 130 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Mohawk Industries by 11.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,518 shares of the company's stock valued at $244,000 after purchasing an additional 161 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Mohawk Industries by 2.5% in the fourth quarter. CIBC Asset Management Inc now owns 7,816 shares of the company's stock worth $931,000 after purchasing an additional 190 shares in the last quarter. Institutional investors own 78.98% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have issued reports on MHK. Raymond James reaffirmed a "strong-buy" rating and set a $165.00 price target (down from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Truist Financial reduced their price target 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. Bank of America lowered their target price on Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Loop Capital reduced their price target on Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Finally, Wolfe Research raised Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research report on Wednesday, January 8th. Seven 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $145.07.

Mohawk Industries Price Performance

Mohawk Industries stock traded down $9.19 during midday trading on Thursday, reaching $107.96. The company had a trading volume of 1,518,232 shares, compared to its average volume of 728,407. The company has a market capitalization of $6.76 billion, a P/E ratio of 13.28, a P/E/G ratio of 1.44 and a beta of 1.44. The firm's fifty day simple moving average is $117.66 and its 200-day simple moving average is $131.37. Mohawk Industries, Inc. has a 12-month low of $104.88 and a 12-month high of $164.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, beating the consensus estimate 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 analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 10,500 shares of the company's 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 completion of the sale, the insider now directly owns 93,584 shares in the company, valued at $10,616,168.96. This represents a 10.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 17.10% of the stock is currently owned by insiders.

About Mohawk Industries

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.