Vontobel Holding Ltd. bought a new position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,464 shares of the company's stock, valued at approximately $532,000.
Other institutional investors have also made changes to their positions in the company. Creative Planning grew its position in Mohawk Industries by 6.9% during the third quarter. Creative Planning now owns 3,114 shares of the company's stock valued at $500,000 after purchasing an additional 200 shares in the last quarter. Blue Trust Inc. grew its position 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 acquiring an additional 167 shares in the last quarter. Signaturefd LLC grew its position in Mohawk Industries by 12.5% in the third quarter. Signaturefd LLC now owns 683 shares of the company's stock worth $110,000 after acquiring an additional 76 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in Mohawk Industries in the third quarter worth approximately $1,728,000. Finally, Greenleaf Trust bought a new stake in Mohawk Industries in the third quarter worth approximately $228,000. 78.98% of the stock is owned by hedge funds and other institutional investors.
Mohawk Industries Price Performance
Shares of MHK stock traded down $2.82 during mid-day trading on Friday, reaching $115.19. The company's stock had a trading volume of 334,432 shares, compared to its average volume of 789,756. The firm's 50-day moving average is $121.93 and its two-hundred day moving average is $138.56. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. Mohawk Industries, Inc. has a 1-year low of $104.88 and a 1-year high of $164.29. The company has a market cap of $7.27 billion, a P/E ratio of 14.17, a PEG ratio of 1.44 and a beta of 1.41.
Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.95 EPS 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 8.04%. On average, research analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.
Insiders Place Their Bets
In other Mohawk Industries news, insider Suzanne L. Helen sold 2,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total transaction of $270,960.00. Following the transaction, the insider now directly owns 2,453 shares in the company, valued at approximately $332,332.44. This represents a 44.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 19,078 shares of company stock valued at $2,474,347 in the last 90 days. 17.10% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several analysts have commented on MHK shares. JPMorgan Chase & Co. decreased their target price on shares of Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Truist Financial reduced their price objective on shares of Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a research note on Monday, February 10th. StockNews.com cut shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research note on Friday, February 7th. Bank of America reduced their price objective on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Finally, Royal Bank of Canada reduced their price objective 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 investment 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $146.92.
Check Out Our Latest Stock Analysis on MHK
Mohawk Industries Company 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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