Aigen Investment Management LP Makes New Investment in Mohawk Industries, Inc. (NYSE:MHK)

Aigen Investment Management LP bought a new stake in Mohawk Industries, Inc. (NYSE:MHK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,058 shares of the company’s stock, valued at approximately $491,000.

Other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Mohawk Industries during the 2nd quarter worth approximately $85,997,000. Pacer Advisors Inc. grew its position in Mohawk Industries by 42.9% during the second quarter. Pacer Advisors Inc. now owns 1,200,360 shares of the company’s stock worth $136,349,000 after buying an additional 360,628 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Mohawk Industries by 10.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,036,545 shares of the company’s stock worth $344,903,000 after acquiring an additional 292,661 shares during the period. Victory Capital Management Inc. raised its holdings in Mohawk Industries by 1,464.0% in the 2nd quarter. Victory Capital Management Inc. now owns 227,357 shares of the company’s stock valued at $25,825,000 after acquiring an additional 212,820 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new stake in shares of Mohawk Industries during the 2nd quarter valued at $21,061,000. 78.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

MHK has been the subject of a number of analyst reports. 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 note on Monday, October 28th. Wells Fargo & Company upgraded shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $140.00 to $160.00 in a research report on Monday, October 7th. The Goldman Sachs Group increased their price target on shares of Mohawk Industries from $141.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Jefferies Financial Group boosted their price objective on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Baird R W raised Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating, seven have given 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 target price of $162.08.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 2,300 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $151.15, for a total value of $347,645.00. Following the sale, the insider now owns 119,369 shares of the company’s stock, valued at $18,042,624.35. The trade was a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 17.10% of the company’s stock.

Mohawk Industries Stock Performance

Mohawk Industries stock opened at $140.34 on Friday. The business has a 50 day moving average of $150.94 and a 200-day moving average of $136.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. Mohawk Industries, Inc. has a 1 year low of $82.71 and a 1 year high of $164.29. The company has a market capitalization of $8.86 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.56 and a beta of 1.38.

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.