Mohawk Industries, Inc. (NYSE:MHK) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP raised its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,378 shares of the company’s stock after acquiring an additional 1,379 shares during the quarter. Bridgewater Associates LP owned approximately 0.11% of Mohawk Industries worth $11,148,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MHK. Massachusetts Financial Services Co. MA bought a new position in shares of Mohawk Industries during the second quarter worth about $85,997,000. FMR LLC lifted its holdings in Mohawk Industries by 52.3% during the 3rd quarter. FMR LLC now owns 2,179,510 shares of the company’s stock worth $350,204,000 after buying an additional 748,070 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Mohawk Industries by 42.9% in the 2nd quarter. Pacer Advisors Inc. now owns 1,200,360 shares of the company’s stock worth $136,349,000 after acquiring an additional 360,628 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Mohawk Industries by 10.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,036,545 shares of the company’s stock valued at $344,903,000 after acquiring an additional 292,661 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Mohawk Industries by 1,464.0% during 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. 78.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 660 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 118,709 shares of the company’s stock, valued at $17,979,665.14. This represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 17.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Baird R W raised shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. JPMorgan Chase & Co. lifted their price target on shares of Mohawk Industries from $124.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $160.00 to $196.00 in a research note on Monday, October 21st. Wells Fargo & Company upgraded Mohawk Industries from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $140.00 to $160.00 in a research note on Monday, October 7th. Finally, Barclays dropped their price target on Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Five 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, the company presently has an average rating of “Moderate Buy” and an average price target of $162.08.

Mohawk Industries Stock Down 0.6 %

MHK opened at $139.10 on Friday. The stock’s 50 day moving average price is $148.57 and its 200 day moving average price is $137.72. 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 stock has a market cap of $8.78 billion, a P/E ratio of 15.75, a P/E/G ratio of 1.60 and a beta of 1.38. Mohawk Industries, Inc. has a 12 month low of $83.15 and a 12 month high of $164.29.

Mohawk Industries 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.