KBC Group NV Purchases 819 Shares of Mohawk Industries, Inc. (NYSE:MHK)

KBC Group NV lifted its position in Mohawk Industries, Inc. (NYSE:MHK) by 11.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,203 shares of the company’s stock after acquiring an additional 819 shares during the period. KBC Group NV’s holdings in Mohawk Industries were worth $977,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC bought a new position in Mohawk Industries during the third quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB bought a new position in Mohawk Industries during the third quarter valued at approximately $55,000. Blue Trust Inc. lifted its position in Mohawk Industries by 85.6% during 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 period. True Wealth Design LLC bought a new position in Mohawk Industries during the third quarter valued at approximately $61,000. Finally, Versant Capital Management Inc lifted its position in 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. Institutional investors own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MHK shares. Loop Capital lowered their price objective on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. Baird R W raised shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. JPMorgan Chase & Co. raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their target price for the company from $151.00 to $161.00 in a report on Friday, January 10th. Wolfe Research raised shares of Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 target price for the company in a report on Wednesday, January 8th. Finally, Barclays reduced their target price on shares of Mohawk Industries from $141.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.00.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total transaction of $270,960.00. Following the completion of the transaction, the insider now directly owns 2,453 shares of the company’s stock, valued at approximately $332,332.44. This trade represents a 44.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 19,078 shares of company stock valued at $2,474,347 over the last three months. Corporate insiders own 17.10% of the company’s stock.

Mohawk Industries Stock Performance

Shares of NYSE MHK opened at $122.28 on Friday. The firm has a fifty day moving average price of $126.30 and a 200-day moving average price of $140.87. 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 stock has a market cap of $7.72 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.23 and a beta of 1.41. Mohawk Industries, Inc. has a 1 year low of $101.83 and a 1 year high of $164.29.

Mohawk Industries Company 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.