Candriam S.C.A. Makes New $846,000 Investment in Mohawk Industries, Inc. (NYSE:MHK)

Candriam S.C.A. bought a new position in Mohawk Industries, Inc. (NYSE:MHK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,100 shares of the company’s stock, valued at approximately $846,000.

Several other institutional investors and hedge funds also recently modified their holdings of MHK. US Bancorp DE boosted its position in shares of Mohawk Industries by 3.9% in the third quarter. US Bancorp DE now owns 3,920 shares of the company’s stock worth $630,000 after buying an additional 146 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of Mohawk Industries by 19.7% in the third quarter. Asset Management One Co. Ltd. now owns 1,003 shares of the company’s stock worth $161,000 after buying an additional 165 shares during the period. Principal Financial Group Inc. boosted its position in shares of Mohawk Industries by 4.4% in the third quarter. Principal Financial Group Inc. now owns 61,724 shares of the company’s stock worth $9,918,000 after buying an additional 2,601 shares during the period. Covestor Ltd boosted its position in shares of Mohawk Industries by 604.3% in the third quarter. Covestor Ltd now owns 810 shares of the company’s stock worth $131,000 after buying an additional 695 shares during the period. Finally, GDS Wealth Management purchased a new stake in shares of Mohawk Industries in the third quarter worth about $212,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 4,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $126.11, for a total transaction of $504,440.00. Following the sale, the insider now directly owns 104,084 shares in the company, valued at approximately $13,126,033.24. This represents a 3.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.10% of the company’s stock.

Mohawk Industries Trading Down 0.9 %

NYSE:MHK opened at $115.98 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $120.96 and its two-hundred day moving average is $136.15. Mohawk Industries, Inc. has a 52 week low of $104.88 and a 52 week high of $164.29. The company has a market cap of $7.26 billion, a PE ratio of 14.27, a P/E/G ratio of 1.44 and a beta of 1.44.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. On average, analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Analyst Upgrades and Downgrades

MHK has been the subject of several analyst reports. Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research report on Wednesday, January 8th. Loop Capital reduced 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. Robert W. Baird reduced their price target on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a report on Monday, February 10th. StockNews.com raised Mohawk Industries from a “hold” rating to a “buy” rating in a report on Monday. Finally, Wells Fargo & Company reduced 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. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mohawk Industries currently has a consensus rating of “Moderate Buy” and an average 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.