Stifel Financial Corp Has $1.17 Million Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Stifel Financial Corp lifted its stake in Mohawk Industries, Inc. (NYSE:MHK) by 289.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,280 shares of the company’s stock after acquiring an additional 5,410 shares during the period. Stifel Financial Corp’s holdings in Mohawk Industries were worth $1,170,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MHK. Quest Partners LLC boosted its holdings in Mohawk Industries by 40.0% in the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after purchasing an additional 84 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Mohawk Industries during the third quarter valued at about $36,000. Headlands Technologies LLC bought a new stake in shares of Mohawk Industries in the second quarter valued at about $50,000. Blue Trust Inc. grew its holdings in shares of Mohawk Industries by 85.6% during the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after purchasing an additional 167 shares in the last quarter. Finally, True Wealth Design LLC bought a new stake in Mohawk Industries in the 3rd quarter valued at $61,000. Institutional investors own 78.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MHK shares. Baird R W upgraded Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Loop Capital decreased their price target on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. Royal Bank of Canada cut their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company reduced their price objective on Mohawk Industries from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Finally, StockNews.com cut Mohawk Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $159.17.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 9,078 shares of the business’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 19,078 shares of company stock worth $2,474,347. 17.10% of the stock is owned by insiders.

Mohawk Industries Stock Performance

MHK stock opened at $119.16 on Monday. Mohawk Industries, Inc. has a twelve month low of $96.28 and a twelve month high of $164.29. 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 company has a market cap of $7.52 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 1.41 and a beta of 1.38. The business’s fifty day moving average is $139.09 and its 200-day moving average is $139.13.

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.