American Century Companies Inc. Purchases 313,897 Shares of Mohawk Industries, Inc. (NYSE:MHK)

American Century Companies Inc. lifted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 48.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 958,818 shares of the company’s stock after acquiring an additional 313,897 shares during the quarter. American Century Companies Inc. owned 1.52% of Mohawk Industries worth $114,224,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Mohawk Industries during the 3rd quarter valued at $36,000. Wilmington Savings Fund Society FSB bought a new stake in Mohawk Industries during the 3rd quarter valued at $55,000. True Wealth Design LLC purchased a new stake in shares of Mohawk Industries during the third quarter worth $61,000. Versant Capital Management Inc boosted its holdings in shares of Mohawk Industries by 71.0% in the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock worth $64,000 after acquiring an additional 223 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Mohawk Industries in the fourth quarter valued at $66,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. The Goldman Sachs Group cut their target price on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Raymond James restated a “strong-buy” rating and issued a $165.00 price objective (down from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Robert W. Baird decreased their target price on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Truist Financial cut their price target on shares of Mohawk Industries from $155.00 to $148.00 and set a “buy” rating for the company in a report on Monday, February 10th. Finally, Evercore ISI lowered their price objective on Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a research report 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.92.

Insider Activity

In related news, insider Suzanne L. Helen sold 10,500 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the transaction, the insider now owns 93,584 shares in the company, valued at $10,616,168.96. The trade was a 10.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 17.10% of the company’s stock.

Mohawk Industries Price Performance

Shares of Mohawk Industries stock opened at $111.75 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. Mohawk Industries, Inc. has a one year low of $104.88 and a one year high of $164.29. The business’s 50 day simple moving average is $120.12 and its two-hundred day simple moving average is $133.33. The stock has a market capitalization of $6.99 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, February 6th. The company reported $1.95 EPS 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 forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

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.