Y Intercept Hong Kong Ltd Buys Shares of 8,369 Mohawk Industries, Inc. (NYSE:MHK)

Y Intercept Hong Kong Ltd bought a new position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 8,369 shares of the company's stock, valued at approximately $997,000.

Several other hedge funds have also added to or reduced their stakes in MHK. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Mohawk Industries in the third quarter worth about $36,000. Wilmington Savings Fund Society FSB purchased a new position in Mohawk Industries in the 3rd quarter worth approximately $55,000. Blue Trust Inc. lifted its position in Mohawk Industries by 85.6% in the third quarter. Blue Trust Inc. now owns 362 shares of the company's stock valued at $58,000 after purchasing an additional 167 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Mohawk Industries during the third quarter valued at approximately $61,000. Finally, Versant Capital Management Inc boosted its stake in shares of Mohawk Industries by 71.0% during the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company's stock valued at $64,000 after purchasing an additional 223 shares during the period. 78.98% of the stock is owned by institutional investors.

Mohawk Industries Stock Down 1.1 %

Shares of NYSE MHK traded down $1.26 during trading on Monday, reaching $116.33. The company had a trading volume of 700,141 shares, compared to its average volume of 690,432. The business's 50-day moving average is $121.29 and its 200 day moving average is $137.26. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The stock has a market cap of $7.28 billion, a PE ratio of 14.31, a P/E/G ratio of 1.44 and a beta of 1.41. Mohawk Industries, Inc. has a 12-month low of $104.88 and a 12-month high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. As a group, equities analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 9,078 shares of Mohawk Industries stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total value of $1,187,947.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 19,078 shares of company stock valued at $2,474,347. 17.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

MHK has been the subject of a number of recent analyst reports. Wolfe Research upgraded shares of Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 price target for the company in a report on Wednesday, January 8th. Barclays lowered their price objective on shares of Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. cut their target price on Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Truist Financial lowered their price target on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Finally, StockNews.com lowered Mohawk Industries from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $146.92.

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.