Mohawk Industries, Inc. (NYSE:MHK) Shares Purchased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC grew its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 115.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,784 shares of the company’s stock after purchasing an additional 48,653 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.14% of Mohawk Industries worth $10,312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Quest Partners LLC boosted 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 acquiring an additional 84 shares in the last quarter. Quarry LP increased its position in Mohawk Industries by 70.4% during the fourth quarter. Quarry LP now owns 421 shares of the company’s stock worth $44,000 after buying an additional 174 shares during the period. Headlands Technologies LLC purchased a new stake in Mohawk Industries in the second quarter valued at approximately $50,000. Quent Capital LLC boosted its holdings in shares of Mohawk Industries by 27.2% in the first quarter. Quent Capital LLC now owns 496 shares of the company’s stock valued at $65,000 after acquiring an additional 106 shares during the period. Finally, TFO Wealth Partners LLC raised its position in Mohawk Industries by 32,500.0% in the 4th quarter. TFO Wealth Partners LLC now owns 652 shares of the company’s stock valued at $67,000 after purchasing an additional 650 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insider Transactions at Mohawk Industries

In related news, VP Rodney David Patton sold 755 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $162.78, for a total value of $122,898.90. Following the completion of the transaction, the vice president now directly owns 12,299 shares of the company’s stock, valued at approximately $2,002,031.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Suzanne L. Helen sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $146.97, for a total value of $102,879.00. Following the completion of the transaction, the insider now owns 121,669 shares of the company’s stock, valued at $17,881,692.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Rodney David Patton sold 755 shares of Mohawk Industries stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $162.78, for a total transaction of $122,898.90. Following the completion of the sale, the vice president now directly owns 12,299 shares of the company’s stock, valued at $2,002,031.22. The disclosure for this sale can be found here. Insiders have sold 4,415 shares of company stock valued at $673,387 in the last quarter. 17.10% of the stock is currently owned by corporate insiders.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $156.55 on Monday. The company has a market cap of $9.88 billion, a P/E ratio of -23.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.37. Mohawk Industries, Inc. has a one year low of $76.02 and a one year high of $164.05. The business has a fifty day moving average of $143.98 and a two-hundred day moving average of $126.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.92.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, July 25th. The company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.75 by $0.25. Mohawk Industries had a negative net margin of 3.30% and a positive return on equity of 8.07%. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter last year, the business earned $2.76 earnings per share. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, analysts predict that Mohawk Industries, Inc. will post 10 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on MHK shares. Barclays raised their price objective on shares of Mohawk Industries from $118.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. The Goldman Sachs Group upped their price objective on Mohawk Industries from $141.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Bank of America upgraded Mohawk Industries from an “underperform” rating to a “buy” rating and lifted their target price for the company from $120.00 to $177.00 in a research note on Friday, July 26th. Raymond James upgraded Mohawk Industries from a “market perform” rating to a “strong-buy” rating and set a $140.00 price target for the company in a research note on Monday, June 10th. Finally, Robert W. Baird lifted their price objective on shares of Mohawk Industries from $132.00 to $160.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

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.