Mohawk Industries, Inc. (NYSE:MHK) Shares Bought by Quarry LP

Quarry LP lifted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 904.0% during the 3rd quarter, Holdings Channel reports. The firm owned 1,014 shares of the company’s stock after buying an additional 913 shares during the period. Quarry LP’s holdings in Mohawk Industries were worth $163,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. boosted its position in Mohawk Industries by 8.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 84,535 shares of the company’s stock valued at $13,583,000 after buying an additional 6,863 shares during the period. Maverick Capital Ltd. purchased a new position in Mohawk Industries in the second quarter valued at $1,253,000. Thompson Siegel & Walmsley LLC grew its stake in Mohawk Industries by 115.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 90,784 shares of the company’s stock worth $10,312,000 after purchasing an additional 48,653 shares in the last quarter. Natixis Advisors LLC increased its holdings in Mohawk Industries by 19.8% during the 3rd quarter. Natixis Advisors LLC now owns 87,477 shares of the company’s stock worth $14,056,000 after purchasing an additional 14,480 shares during the period. Finally, American Century Companies Inc. raised its position in Mohawk Industries by 4.5% in the 2nd quarter. American Century Companies Inc. now owns 914,578 shares of the company’s stock valued at $103,887,000 after purchasing an additional 39,653 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Insider Activity

In related news, insider Suzanne L. Helen sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total transaction of $270,960.00. Following the transaction, the insider now owns 2,453 shares of the company’s stock, valued at $332,332.44. This trade represents a 44.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 17.10% of the company’s stock.

Mohawk Industries Stock Performance

Shares of Mohawk Industries stock opened at $130.88 on Friday. The firm’s fifty day simple moving average is $145.42 and its 200-day simple moving average is $138.26. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.50 and a beta of 1.38. Mohawk Industries, Inc. has a 12 month low of $90.79 and a 12 month high of $164.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09.

Wall Street Analysts Forecast Growth

MHK has been the topic of a number of recent research reports. Wells Fargo & Company upgraded shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $140.00 to $160.00 in a research note on Monday, October 7th. Barclays reduced their price objective 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. Baird R W upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Truist Financial cut their price target on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Finally, Robert W. Baird upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $160.00 to $196.00 in a report on Monday, October 21st. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Mohawk Industries presently has an average rating of “Moderate Buy” and an average price target of $161.67.

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.