Assenagon Asset Management S.A. Has $5.78 Million Position in Mohawk Industries, Inc. (NYSE:MHK)

Assenagon Asset Management S.A. reduced its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 64.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,535 shares of the company’s stock after selling 88,587 shares during the period. Assenagon Asset Management S.A.’s holdings in Mohawk Industries were worth $5,782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC increased its stake in Mohawk Industries by 12.5% during the 3rd quarter. Signaturefd LLC now owns 683 shares of the company’s stock worth $110,000 after acquiring an additional 76 shares during the period. Allworth Financial LP increased its stake in Mohawk Industries by 20.6% during the 3rd quarter. Allworth Financial LP now owns 626 shares of the company’s stock worth $101,000 after acquiring an additional 107 shares during the period. Hantz Financial Services Inc. increased its stake in Mohawk Industries by 7.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company’s stock worth $266,000 after acquiring an additional 115 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Mohawk Industries by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company’s stock worth $819,000 after acquiring an additional 130 shares during the period. Finally, US Bancorp DE increased its stake in Mohawk Industries by 3.9% during the 3rd quarter. US Bancorp DE now owns 3,920 shares of the company’s stock worth $630,000 after acquiring an additional 146 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total value of $1,187,947.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 19,078 shares of company stock worth $2,474,347. Insiders own 17.10% of the company’s stock.

Mohawk Industries Trading Up 0.5 %

NYSE MHK opened at $129.31 on Tuesday. The business’s 50-day moving average price is $128.41 and its two-hundred day moving average price is $140.49. Mohawk Industries, Inc. has a 12 month low of $96.28 and a 12 month high of $164.29. The firm has a market capitalization of $8.16 billion, a PE 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.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Truist Financial lowered their price objective on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Wolfe Research upgraded Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research note on Wednesday, January 8th. Baird R W upgraded Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $151.00 to $161.00 in a research note on Friday, January 10th. Finally, Robert W. Baird upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $160.00 to $196.00 in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.00.

About Mohawk Industries

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.