Stifel Financial Corp increased its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK – Free Report) by 289.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 7,280 shares of the company’s stock after purchasing an additional 5,410 shares during the period. Stifel Financial Corp’s holdings in Mohawk Industries were worth $1,170,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Fifth Third Bancorp boosted its holdings in shares of Mohawk Industries by 7.0% in the second quarter. Fifth Third Bancorp now owns 2,343 shares of the company’s stock valued at $266,000 after buying an additional 154 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Mohawk Industries by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 311,268 shares of the company’s stock worth $35,357,000 after buying an additional 7,194 shares during the period. State of Michigan Retirement System grew its holdings in shares of Mohawk Industries by 0.7% during the second quarter. State of Michigan Retirement System now owns 14,545 shares of the company’s stock worth $1,652,000 after buying an additional 100 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Mohawk Industries by 2.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 119,465 shares of the company’s stock valued at $13,570,000 after buying an additional 2,322 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. lifted its stake in Mohawk Industries by 0.7% in the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 51,490 shares of the company’s stock valued at $5,849,000 after acquiring an additional 380 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.
Mohawk Industries Price Performance
NYSE:MHK opened at $119.16 on Monday. The firm’s fifty day moving average price is $139.09 and its two-hundred day moving average price is $139.13. 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 company has a market cap of $7.52 billion, a P/E ratio of 13.49, a P/E/G ratio of 1.41 and a beta of 1.38. Mohawk Industries, Inc. has a one year low of $96.28 and a one year high of $164.29.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on MHK
Insider Buying and Selling
In related news, insider Suzanne L. Helen sold 2,000 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total transaction of $270,960.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 19,078 shares of company stock valued at $2,474,347. Company insiders own 17.10% of the company’s stock.
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.
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