Olympiad Research LP Takes $303,000 Position in Mohawk Industries, Inc. (NYSE:MHK)

Olympiad Research LP purchased a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 1,887 shares of the company’s stock, valued at approximately $303,000.

Several other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC grew its stake in Mohawk Industries by 40.0% in the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after purchasing an additional 84 shares during the last quarter. Blue Trust Inc. boosted its holdings in Mohawk Industries by 85.6% in the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after acquiring an additional 167 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Mohawk Industries during the second quarter worth about $50,000. AM Squared Ltd acquired a new stake in shares of Mohawk Industries during the second quarter worth about $68,000. Finally, Allworth Financial LP lifted its holdings in shares of Mohawk Industries by 20.6% during the third quarter. Allworth Financial LP now owns 626 shares of the company’s stock worth $101,000 after purchasing an additional 107 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Trading Down 1.7 %

MHK opened at $145.07 on Friday. Mohawk Industries, Inc. has a one year low of $78.30 and a one year high of $164.29. The business’s 50-day simple moving average is $151.85 and its 200-day simple moving average is $135.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. The company has a market cap of $9.16 billion, a P/E ratio of 16.43, a PEG ratio of 1.50 and a beta of 1.38.

Insider Activity

In other news, insider Suzanne L. Helen sold 660 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the sale, the insider now directly owns 118,709 shares of the company’s stock, valued at $17,979,665.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Suzanne L. Helen sold 2,300 shares of Mohawk Industries stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total value of $347,645.00. Following the completion of the sale, the insider now owns 119,369 shares of the company’s stock, valued at $18,042,624.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Suzanne L. Helen sold 660 shares of Mohawk Industries stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the transaction, the insider now owns 118,709 shares in the company, valued at $17,979,665.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 17.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MHK. JPMorgan Chase & Co. boosted their price target on Mohawk Industries from $124.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Royal Bank of Canada cut their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Barclays dropped their price target on Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Jefferies Financial Group boosted their price target on Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company upgraded Mohawk Industries from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $140.00 to $160.00 in a report on Monday, October 7th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $162.08.

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.