Mohawk Industries, Inc. (NYSE:MHK) Shares Bought by Lodge Hill Capital LLC

Lodge Hill Capital LLC lifted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 406.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 258,220 shares of the company’s stock after acquiring an additional 207,220 shares during the quarter. Mohawk Industries comprises about 8.5% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 4th biggest holding. Lodge Hill Capital LLC owned 0.41% of Mohawk Industries worth $30,762,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MHK. Resona Asset Management Co. Ltd. bought a new position in Mohawk Industries during the 4th quarter valued at $41,000. Wilmington Savings Fund Society FSB bought a new position in Mohawk Industries during the third quarter valued at about $55,000. Versant Capital Management Inc grew its holdings in Mohawk Industries by 71.0% during 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. R Squared Ltd acquired a new position in Mohawk Industries during the fourth quarter worth about $66,000. Finally, Huntington National Bank raised its position in Mohawk Industries by 27.4% in the fourth quarter. Huntington National Bank now owns 554 shares of the company’s stock worth $66,000 after acquiring an additional 119 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insider Activity

In related news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction on 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 completion of the sale, the insider now owns 93,584 shares of the company’s stock, valued at approximately $10,616,168.96. This trade represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 17.40% of the stock is currently owned by corporate insiders.

Mohawk Industries Trading Down 2.0 %

NYSE:MHK opened at $100.99 on Thursday. The stock’s 50-day moving average is $113.34 and its two-hundred day moving average is $127.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The stock has a market cap of $6.31 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. As a group, equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MHK. Truist Financial lowered their price objective 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 lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft began coverage on Mohawk Industries in a research report on Tuesday, April 1st. They set a “hold” rating and a $121.00 price objective for the company. Evercore ISI decreased their target price on Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their target price on Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $142.57.

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.