Mohawk Industries, Inc. (NYSE:MHK) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 33.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,011,861 shares of the company’s stock after purchasing an additional 254,779 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.60% of Mohawk Industries worth $162,586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MHK. Quest Partners LLC increased its holdings in shares of 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 buying an additional 84 shares in the last quarter. Blue Trust Inc. raised its position in shares of Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after purchasing an additional 167 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Mohawk Industries during the second quarter valued at $50,000. Capital Performance Advisors LLP acquired a new position in shares of Mohawk Industries in the 3rd quarter valued at $73,000. Finally, AM Squared Ltd bought a new position in shares of Mohawk Industries in the 2nd quarter valued at approximately $68,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of Mohawk Industries stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the sale, the insider now directly owns 118,709 shares of the company’s stock, valued at approximately $17,979,665.14. The trade was a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 17.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Robert W. Baird upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their price target for the company from $160.00 to $196.00 in a report on Monday, October 21st. Barclays dropped their target price on shares of Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. The Goldman Sachs Group upped their price target on shares of Mohawk Industries from $141.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 29th. JPMorgan Chase & Co. lifted their price objective on Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Baird R W upgraded Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.08.

Mohawk Industries Trading Up 0.9 %

Shares of Mohawk Industries stock opened at $138.77 on Friday. Mohawk Industries, Inc. has a 52-week low of $82.71 and a 52-week high of $164.29. The firm has a market capitalization of $8.76 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.52 and a beta of 1.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. The company’s fifty day moving average price is $149.44 and its two-hundred day moving average price is $137.12.

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.