12,043 Shares in Mohawk Industries, Inc. (NYSE:MHK) Bought by Cerity Partners LLC

Cerity Partners LLC acquired a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,043 shares of the company’s stock, valued at approximately $1,935,000.

A number of other hedge funds have also recently bought and sold shares of MHK. GAMMA Investing LLC lifted its position in shares of Mohawk Industries by 21.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,196 shares of the company’s stock worth $249,000 after buying an additional 389 shares in the last quarter. Mather Group LLC. increased its position in shares of Mohawk Industries by 180.3% during the second quarter. Mather Group LLC. now owns 2,346 shares of the company’s stock valued at $266,000 after acquiring an additional 1,509 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in Mohawk Industries by 52.6% during the second quarter. Contravisory Investment Management Inc. now owns 5,588 shares of the company’s stock worth $635,000 after acquiring an additional 1,925 shares during the period. Cardinal Capital Management boosted its position in Mohawk Industries by 3.0% in the second quarter. Cardinal Capital Management now owns 10,755 shares of the company’s stock worth $1,222,000 after purchasing an additional 311 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Mohawk Industries by 276.4% in the 2nd quarter. SG Americas Securities LLC now owns 23,793 shares of the company’s stock valued at $2,703,000 after purchasing an additional 17,471 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the transaction, the insider now directly owns 118,709 shares in the company, valued at $17,979,665.14. This represents a 0.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.10% of the stock is owned by corporate insiders.

Mohawk Industries Stock Down 1.9 %

MHK stock opened at $136.25 on Tuesday. Mohawk Industries, Inc. has a twelve month low of $90.22 and a twelve month high of $164.29. The firm has a market capitalization of $8.60 billion, a PE ratio of 15.43, a PEG ratio of 1.53 and a beta of 1.38. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The stock has a 50-day simple moving average of $147.38 and a two-hundred day simple moving average of $138.17.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MHK. Robert W. Baird raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Baird R W upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Jefferies Financial Group raised their price target on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company raised shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $140.00 to $160.00 in a report on Monday, October 7th. Finally, Royal Bank of Canada reduced their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Five 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.08.

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.