R Squared Ltd Buys Shares of 550 Mohawk Industries, Inc. (NYSE:MHK)

R Squared Ltd bought a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 550 shares of the company’s stock, valued at approximately $66,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Mark Sheptoff Financial Planning LLC bought a new position in Mohawk Industries in the 3rd quarter valued at $36,000. Wilmington Savings Fund Society FSB bought a new position in shares of Mohawk Industries in the third quarter worth about $55,000. Blue Trust Inc. increased its stake in Mohawk Industries by 85.6% in the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after buying an additional 167 shares during the period. True Wealth Design LLC bought a new stake in Mohawk Industries during the 3rd quarter valued at about $61,000. Finally, Versant Capital Management Inc lifted its holdings in Mohawk Industries by 71.0% during the 4th quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock valued at $64,000 after buying an additional 223 shares in the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MHK has been the topic of a number of research reports. Royal Bank of Canada reduced their target price on shares of Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Loop Capital reduced their price objective on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, December 4th. StockNews.com upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st. The Goldman Sachs Group decreased their price objective on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Barclays dropped their target price on shares of Mohawk Industries from $141.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Mohawk Industries has a consensus rating of “Moderate Buy” and an average target price of $155.00.

Insider Activity

In related news, insider Suzanne L. Helen sold 2,000 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total value of $270,960.00. Following the completion of the sale, the insider now directly owns 2,453 shares in the company, valued at $332,332.44. This trade represents a 44.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 19,078 shares of company stock worth $2,474,347. Insiders own 17.10% of the company’s stock.

Mohawk Industries Trading Down 3.3 %

NYSE:MHK opened at $122.28 on Friday. The firm has a 50 day moving average of $126.30 and a 200 day moving average of $140.81. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 52 week low of $101.83 and a 52 week high of $164.29. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.23 and a beta of 1.41.

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.