Ritholtz Wealth Management Buys 915 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Ritholtz Wealth Management lifted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 15.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,987 shares of the company’s stock after purchasing an additional 915 shares during the period. Ritholtz Wealth Management’s holdings in Mohawk Industries were worth $832,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC acquired a new stake in Mohawk Industries in the third quarter valued at $36,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Mohawk Industries in the 3rd quarter valued at about $55,000. Blue Trust Inc. lifted its stake in Mohawk Industries by 85.6% in the 3rd 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 bought a new position in Mohawk Industries during the third quarter worth about $61,000. Finally, Versant Capital Management Inc raised its stake in Mohawk Industries by 71.0% in the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock valued at $64,000 after buying an additional 223 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MHK. Wolfe Research upgraded Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective 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. Loop Capital lowered 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. The Goldman Sachs Group cut their price target on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $151.00 to $161.00 in a research note on Friday, January 10th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Mohawk Industries has an average rating of “Moderate Buy” and an average price target of $155.00.

Mohawk Industries Trading Up 0.5 %

MHK opened at $129.31 on Monday. The company has a fifty day moving average price of $128.74 and a two-hundred day moving average price of $140.36. Mohawk Industries, Inc. has a 1-year low of $96.28 and a 1-year high of $164.29. The company has a market cap of $8.16 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 1.15 and a beta of 1.41. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total value of $270,960.00. Following the completion of the transaction, the insider now owns 2,453 shares in the company, valued at $332,332.44. This represents a 44.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 19,078 shares of company stock valued at $2,474,347 in the last three months. Corporate 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.