Verition Fund Management LLC boosted its stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 32.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,095 shares of the company's stock after purchasing an additional 25,698 shares during the quarter. Verition Fund Management LLC owned approximately 0.16% of Mohawk Industries worth $16,726,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Mohawk Industries by 10.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,036,545 shares of the company's stock worth $344,903,000 after purchasing an additional 292,661 shares during the period. FMR LLC boosted its position in shares of Mohawk Industries by 52.3% during the 3rd quarter. FMR LLC now owns 2,179,510 shares of the company's stock valued at $350,204,000 after acquiring an additional 748,070 shares during the last quarter. Select Equity Group L.P. boosted its position in shares of Mohawk Industries by 8.5% during the 2nd quarter. Select Equity Group L.P. now owns 1,702,440 shares of the company's stock valued at $193,380,000 after acquiring an additional 132,879 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Mohawk Industries by 42.9% during the 2nd quarter. Pacer Advisors Inc. now owns 1,200,360 shares of the company's stock valued at $136,349,000 after acquiring an additional 360,628 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its position in shares of Mohawk Industries by 10.5% during the 2nd quarter. Brandes Investment Partners LP now owns 1,015,640 shares of the company's stock valued at $115,057,000 after acquiring an additional 96,174 shares during the last quarter. Institutional investors own 78.98% of the company's stock.
Mohawk Industries Trading Down 0.2 %
Mohawk Industries stock traded down $0.27 during trading hours on Friday, reaching $138.83. The company had a trading volume of 314,818 shares, compared to its average volume of 714,673. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. The company has a 50-day moving average price of $147.82 and a 200 day moving average price of $137.85. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 1.54 and a beta of 1.38. Mohawk Industries, Inc. has a 12-month low of $86.26 and a 12-month high of $164.29.
Insiders Place Their Bets
In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of Mohawk Industries stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the transaction, the insider now directly owns 118,709 shares of the company's stock, valued at $17,979,665.14. The trade was a 0.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 17.10% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Robert W. Baird upgraded Mohawk Industries from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $160.00 to $196.00 in a research report on Monday, October 21st. Truist Financial dropped their price target on Mohawk Industries from $184.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. lifted their price target on Mohawk Industries from $124.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Baird R W upgraded Mohawk Industries from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 21st. Finally, Barclays decreased their price objective on Mohawk Industries from $161.00 to $146.00 and set an "equal weight" rating on the stock in a report on Monday, October 28th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $162.08.
Check Out Our Latest 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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