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

Amundi grew its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 117.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 331,750 shares of the company’s stock after acquiring an additional 179,121 shares during the quarter. Amundi owned about 0.53% of Mohawk Industries worth $39,239,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in Mohawk Industries by 6.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,959 shares of the company’s stock worth $1,186,000 after acquiring an additional 569 shares during the period. Candriam S.C.A. bought a new stake in shares of Mohawk Industries in the 4th quarter worth $846,000. Inceptionr LLC bought a new stake in shares of Mohawk Industries in the 4th quarter worth $769,000. Raymond James Financial Inc. bought a new stake in shares of Mohawk Industries in the 4th quarter worth $4,891,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Mohawk Industries in the 4th quarter worth $3,732,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Up 0.9 %

Shares of Mohawk Industries stock opened at $113.49 on Thursday. The stock has a 50-day moving average price of $120.78 and a 200 day moving average price of $135.59. The company has a market cap of $7.10 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.44 and a beta of 1.44. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 1 year low of $104.88 and a 1 year high of $164.29.

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

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 4,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the transaction, the insider now directly owns 104,084 shares of the company’s stock, valued at $13,126,033.24. This represents a 3.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 17.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MHK. Truist Financial dropped their price objective on Mohawk Industries from $155.00 to $148.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Barclays dropped their price objective on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. StockNews.com raised Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Monday. Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and a consensus target price of $146.92.

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.