Mohawk Industries, Inc. (NYSE:MHK) Shares Acquired by Allworth Financial LP

Allworth Financial LP increased its stake in Mohawk Industries, Inc. (NYSE:MHK) by 20.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 626 shares of the company’s stock after acquiring an additional 107 shares during the period. Allworth Financial LP’s holdings in Mohawk Industries were worth $101,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Signaturefd LLC boosted its position in shares of 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 during the last quarter. Quest Partners LLC lifted its position in Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after buying an additional 84 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in Mohawk Industries by 0.9% during the first quarter. Texas Permanent School Fund Corp now owns 10,927 shares of the company’s stock valued at $1,430,000 after buying an additional 98 shares in the last quarter. State of Michigan Retirement System lifted its position in Mohawk Industries by 0.7% during the second quarter. State of Michigan Retirement System now owns 14,545 shares of the company’s stock valued at $1,652,000 after buying an additional 100 shares in the last quarter. Finally, Quent Capital LLC lifted its position in Mohawk Industries by 27.2% during the first quarter. Quent Capital LLC now owns 496 shares of the company’s stock valued at $65,000 after buying an additional 106 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on MHK. Loop Capital lifted their price objective on shares of Mohawk Industries from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $160.00 to $196.00 in a research note on Monday, October 21st. Wells Fargo & Company upgraded shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $140.00 to $160.00 in a research note on Monday, October 7th. Barclays dropped their price objective on shares of Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group lifted their price target on shares of Mohawk Industries from $141.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $162.08.

Insider Activity

In other news, insider Suzanne L. Helen sold 700 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $146.97, for a total transaction of $102,879.00. Following the completion of the transaction, the insider now owns 121,669 shares of the company’s stock, valued at approximately $17,881,692.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Suzanne L. Helen sold 660 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.46, for a total transaction of $99,963.60. Following the completion of the transaction, the insider now owns 118,709 shares of the company’s stock, valued at approximately $17,979,665.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Suzanne L. Helen sold 700 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $146.97, for a total transaction of $102,879.00. Following the transaction, the insider now directly owns 121,669 shares of the company’s stock, valued at approximately $17,881,692.93. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,660 shares of company stock valued at $550,488. 17.10% of the stock is currently owned by company insiders.

Mohawk Industries Stock Down 0.8 %

MHK stock opened at $134.27 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.92 and a quick ratio of 1.04. Mohawk Industries, Inc. has a 1-year low of $78.30 and a 1-year high of $164.29. The firm has a fifty day moving average price of $153.58 and a two-hundred day moving average price of $134.06. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.11 and a beta of 1.37.

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.