Stifel Financial Corp Boosts Stake in Mohawk Industries, Inc. (NYSE:MHK)

Stifel Financial Corp boosted its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 289.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,280 shares of the company's stock after purchasing an additional 5,410 shares during the period. Stifel Financial Corp's holdings in Mohawk Industries were worth $1,170,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Quantinno Capital Management LP grew its stake in shares of Mohawk Industries by 36.0% in the third quarter. Quantinno Capital Management LP now owns 31,474 shares of the company's stock worth $5,057,000 after purchasing an additional 8,327 shares during the last quarter. Quarry LP grew its position in shares of Mohawk Industries by 904.0% in the 3rd quarter. Quarry LP now owns 1,014 shares of the company's stock worth $163,000 after buying an additional 913 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Mohawk Industries during the third quarter valued at approximately $687,000. Maven Securities LTD bought a new position in shares of Mohawk Industries during the third quarter valued at approximately $209,000. Finally, HighTower Advisors LLC lifted its stake in Mohawk Industries by 36.6% in the third quarter. HighTower Advisors LLC now owns 2,718 shares of the company's stock worth $435,000 after acquiring an additional 728 shares during the period. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MHK. Wells Fargo & Company decreased their price target on shares of Mohawk Industries from $140.00 to $135.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 17th. Truist Financial lowered their target price on Mohawk Industries from $184.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, October 28th. Jefferies Financial Group increased their price objective on Mohawk Industries from $150.00 to $160.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Loop Capital dropped their target price on shares of Mohawk Industries from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Wednesday, December 4th. Finally, Royal Bank of Canada decreased their target price on shares of Mohawk Industries from $140.00 to $134.00 and set a "sector perform" rating for the company in a research note on Monday, October 28th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $159.17.

Mohawk Industries Price Performance

Mohawk Industries stock traded up $0.73 during mid-day trading on Monday, reaching $119.89. 224,246 shares of the company's stock traded hands, compared to its average volume of 719,196. Mohawk Industries, Inc. has a 12-month low of $96.28 and a 12-month high of $164.29. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.41 and a beta of 1.38. The stock has a 50 day moving average of $139.09 and a two-hundred day moving average of $139.13. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total value of $1,187,947.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 19,078 shares of company stock worth $2,474,347 over the last quarter. Insiders own 17.10% of the company's stock.

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.