State Street Corp increased its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,846,446 shares of the company's stock after acquiring an additional 23,016 shares during the quarter. State Street Corp owned about 2.93% of Mohawk Industries worth $296,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC bought a new position in shares of Mohawk Industries during the third quarter valued at $36,000. Quest Partners LLC increased its stake in Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company's stock valued at $33,000 after purchasing an additional 84 shares in the last quarter. Blue Trust Inc. raised its holdings in Mohawk Industries by 85.6% in the third quarter. Blue Trust Inc. now owns 362 shares of the company's stock worth $58,000 after buying an additional 167 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Mohawk Industries in the third quarter worth approximately $61,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Mohawk Industries during the second quarter valued at approximately $50,000. 78.98% of the stock is owned by hedge funds and other institutional investors.
Mohawk Industries Stock Performance
NYSE:MHK traded up $0.73 during mid-day trading on Wednesday, hitting $131.70. 231,115 shares of the company traded hands, compared to its average volume of 718,867. The stock's fifty day moving average price is $144.30 and its 200-day moving average price is $138.76. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a one year low of $90.79 and a one year high of $164.29. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.45 and a beta of 1.38.
Insider Buying and Selling
In other news, insider Suzanne L. Helen sold 2,000 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total value of $270,960.00. Following the transaction, the insider now directly owns 2,453 shares in the company, valued at $332,332.44. The trade was a 44.91 % decrease in their ownership of the stock. 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 currently owned by insiders.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Jefferies Financial Group upped their price objective on Mohawk Industries from $150.00 to $160.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Royal Bank of Canada reduced their price objective on Mohawk Industries from $140.00 to $134.00 and set a "sector perform" rating for the company in a report on Monday, October 28th. Loop Capital lowered their target price on shares of Mohawk Industries from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Wednesday, December 4th. Truist Financial reduced their price target on shares of Mohawk Industries from $184.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, October 28th. Finally, Robert W. Baird upgraded shares of Mohawk Industries from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $160.00 to $196.00 in a research report on Monday, October 21st. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $161.25.
Read Our Latest Stock Analysis on Mohawk Industries
Mohawk Industries Profile
(
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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