Inceptionr LLC Invests $769,000 in Mohawk Industries, Inc. (NYSE:MHK)

Inceptionr LLC acquired a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,458 shares of the company’s stock, valued at approximately $769,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Mohawk Industries during the 4th quarter worth $4,891,000. Proficio Capital Partners LLC acquired a new stake in shares of Mohawk Industries during the 4th quarter worth $3,732,000. Victory Capital Management Inc. increased its holdings in shares of Mohawk Industries by 1.3% during the 4th quarter. Victory Capital Management Inc. now owns 227,873 shares of the company’s stock worth $27,147,000 after buying an additional 2,951 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Mohawk Industries by 136.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,294 shares of the company’s stock worth $154,000 after buying an additional 746 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Mohawk Industries by 233.0% during the 4th quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $85,000 after buying an additional 501 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Stock Down 1.0 %

Shares of Mohawk Industries stock opened at $117.03 on Friday. The business has a 50-day moving average of $121.00 and a 200-day moving average of $136.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The company has a market capitalization of $7.32 billion, a PE ratio of 14.39, a P/E/G ratio of 1.44 and a beta of 1.44. Mohawk Industries, Inc. has a 1-year low of $104.88 and a 1-year high of $164.29.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. As a group, equities analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 9,078 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total transaction of $1,187,947.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 17,078 shares of company stock valued at $2,203,387. Insiders own 17.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MHK. Truist Financial lowered their price target on Mohawk Industries from $155.00 to $148.00 and set a “buy” rating for the company in a report on Monday, February 10th. Loop Capital lowered their price target on Mohawk Industries from $180.00 to $155.00 and set a “buy” rating for the company in a report on Monday, February 10th. StockNews.com downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Wells Fargo & Company lowered their price target on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $165.00 price target (down from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th. Six 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 company’s stock. According to data from MarketBeat.com, Mohawk Industries has an average rating of “Moderate Buy” and a consensus price target of $146.92.

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.