Blue Trust Inc. Has $58,000 Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Blue Trust Inc. raised its stake in Mohawk Industries, Inc. (NYSE:MHK) by 85.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 362 shares of the company’s stock after buying an additional 167 shares during the quarter. Blue Trust Inc.’s holdings in Mohawk Industries were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Quest Partners LLC grew its stake in Mohawk Industries by 40.0% in the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after acquiring an additional 84 shares during the period. Headlands Technologies LLC bought a new position in shares of Mohawk Industries during the 2nd quarter valued at about $50,000. Quent Capital LLC grew its position in shares of Mohawk Industries by 27.2% in the 1st quarter. Quent Capital LLC now owns 496 shares of the company’s stock valued at $65,000 after purchasing an additional 106 shares during the period. AM Squared Ltd bought a new stake in shares of Mohawk Industries during the second quarter worth $68,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Mohawk Industries by 2,773.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,523 shares of the company’s stock valued at $245,000 after purchasing an additional 1,470 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Stock Down 0.8 %

MHK stock opened at $134.27 on Friday. Mohawk Industries, Inc. has a 1-year low of $78.30 and a 1-year high of $164.29. The business’s 50 day simple moving average is $153.58 and its 200 day simple moving average is $134.06. The company has a current ratio of 1.92, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $8.48 billion, a PE ratio of 15.24, a PEG ratio of 1.11 and a beta of 1.37.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 2,300 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $151.15, for a total transaction of $347,645.00. Following the completion of the sale, the insider now owns 119,369 shares in the company, valued at approximately $18,042,624.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Suzanne L. Helen sold 2,300 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total transaction of $347,645.00. Following the transaction, the insider now owns 119,369 shares in the company, valued at approximately $18,042,624.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Suzanne L. Helen sold 660 shares of Mohawk Industries stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the sale, the insider now directly owns 118,709 shares of the company’s stock, valued at approximately $17,979,665.14. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,660 shares of company stock valued at $550,488 over the last ninety days. 17.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MHK has been the topic of several research reports. Bank of America upgraded Mohawk Industries from an “underperform” rating to a “buy” rating and boosted their target price for the company from $120.00 to $177.00 in a research note on Friday, July 26th. Jefferies Financial Group raised their target price on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $160.00 to $196.00 in a research note on Monday, October 21st. Barclays decreased their price objective on Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Truist Financial dropped their target price on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a report on Monday. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Mohawk Industries currently has an average rating of “Moderate Buy” and an average price target of $162.08.

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.