Oppenheimer & Co. Inc. Makes New $230,000 Investment in Mohawk Industries, Inc. (NYSE:MHK)

Oppenheimer & Co. Inc. acquired a new stake in Mohawk Industries, Inc. (NYSE:MHK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,433 shares of the company’s stock, valued at approximately $230,000.

Other institutional investors have also recently modified their holdings of the company. Quest Partners LLC increased its holdings in Mohawk Industries by 40.0% in the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after buying an additional 84 shares during the period. 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. Headlands Technologies LLC purchased a new stake in Mohawk Industries in the second quarter valued at $50,000. Capital Performance Advisors LLP acquired a new stake in Mohawk Industries during the 3rd quarter worth about $73,000. Finally, AM Squared Ltd purchased a new position in shares of Mohawk Industries during the 2nd quarter valued at about $68,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Mohawk Industries Price Performance

Shares of Mohawk Industries stock opened at $138.77 on Friday. The stock has a market capitalization of $8.76 billion, a P/E ratio of 15.81, a PEG ratio of 1.50 and a beta of 1.38. The business has a 50 day simple moving average of $149.80 and a two-hundred day simple moving average of $136.98. Mohawk Industries, Inc. has a 12 month low of $82.71 and a 12 month high of $164.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09.

Wall Street Analyst Weigh In

MHK has been the topic of a number of recent research reports. Barclays lowered their target price on Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Royal Bank of Canada lowered their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Loop Capital lifted their target price on shares of Mohawk Industries from $145.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 29th. Truist Financial lowered their price target on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Finally, Baird R W raised shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.08.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of Mohawk Industries 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 sale, the insider now owns 118,709 shares of the company’s stock, valued at $17,979,665.14. The trade was a 0.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.10% of the stock is owned by company insiders.

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.