Stratos Wealth Partners LTD. Purchases New Position in Mohawk Industries, Inc. (NYSE:MHK)

Stratos Wealth Partners LTD. acquired a new position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,501 shares of the company's stock, valued at approximately $536,000.

Several other institutional investors have also recently bought and sold shares of MHK. Signaturefd LLC grew its holdings in Mohawk Industries by 12.5% during the 3rd quarter. Signaturefd LLC now owns 683 shares of the company's stock worth $110,000 after acquiring an additional 76 shares during the period. Allworth Financial LP grew its holdings in Mohawk Industries by 20.6% during the 3rd quarter. Allworth Financial LP now owns 626 shares of the company's stock worth $101,000 after acquiring an additional 107 shares during the period. 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 period. Contravisory Investment Management Inc. grew 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 acquiring an additional 121 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Mohawk Industries by 1.9% during the 4th 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. Institutional investors own 78.98% of the company's stock.

Mohawk Industries Stock Up 1.1 %

NYSE MHK traded up $1.36 on Friday, reaching $121.05. The company had a trading volume of 779,165 shares, compared to its average volume of 774,747. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. Mohawk Industries, Inc. has a 1-year low of $104.88 and a 1-year high of $164.29. The company's fifty day moving average is $122.89 and its 200-day moving average is $139.48.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its earnings results 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 net margin of 4.78% and a return on equity of 8.00%. On average, research analysts forecast that Mohawk Industries, Inc. will post 10.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on MHK shares. Truist Financial lowered their target price on shares of Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a report on Monday, February 10th. Bank of America lowered their target price on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a report on Monday, February 10th. Royal Bank of Canada decreased their price target on shares of Mohawk Industries from $140.00 to $134.00 and set a "sector perform" rating for the company in a report on Monday, October 28th. StockNews.com lowered shares of Mohawk Industries from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, Robert W. Baird decreased their price target on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Six 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. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of "Moderate Buy" and a consensus target price of $146.92.

Insiders Place Their Bets

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 transaction of $1,187,947.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 19,078 shares of company stock valued at $2,474,347 in the last three months. 17.10% of the stock is currently owned by corporate 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.