Quantbot Technologies LP Buys 8,410 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Quantbot Technologies LP increased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,667 shares of the company’s stock after buying an additional 8,410 shares during the period. Quantbot Technologies LP’s holdings in Mohawk Industries were worth $7,942,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. FMR LLC lifted its position in Mohawk Industries by 52.3% during the third quarter. FMR LLC now owns 2,179,510 shares of the company’s stock valued at $350,204,000 after acquiring an additional 748,070 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Mohawk Industries by 33.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company’s stock worth $162,586,000 after acquiring an additional 254,779 shares during the period. Amundi increased its holdings in shares of Mohawk Industries by 117.4% during the 4th quarter. Amundi now owns 331,750 shares of the company’s stock valued at $39,239,000 after purchasing an additional 179,121 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Mohawk Industries by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock worth $485,983,000 after acquiring an additional 74,123 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Mohawk Industries by 111.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 129,186 shares of the company’s stock worth $20,758,000 after purchasing an additional 67,990 shares during the period. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Price Performance

MHK stock opened at $111.75 on Friday. Mohawk Industries, Inc. has a 52-week low of $104.88 and a 52-week high of $164.29. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $6.99 billion, a PE ratio of 13.75, a P/E/G ratio of 1.44 and a beta of 1.44. The stock’s 50 day moving average is $120.12 and its two-hundred day moving average is $133.57.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. Analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Truist Financial decreased their price target on shares of Mohawk Industries from $155.00 to $148.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. StockNews.com downgraded shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Friday. The Goldman Sachs Group decreased their price target on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Bank of America dropped their price objective on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Finally, Loop Capital cut their target price on shares of Mohawk Industries from $180.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.92.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $113.44, for a total value of $1,191,120.00. Following the completion of the sale, the insider now owns 93,584 shares in the company, valued at approximately $10,616,168.96. This represents a 10.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.10% of the stock is currently owned by 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.