Mohawk Industries, Inc. (NYSE:MHK) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 106.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,259 shares of the company’s stock after buying an additional 4,264 shares during the period. Pacer Advisors Inc.’s holdings in Mohawk Industries were worth $984,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new position in Mohawk Industries during the third quarter worth approximately $36,000. Wilmington Savings Fund Society FSB purchased a new stake in Mohawk Industries in the 3rd quarter valued at approximately $55,000. Blue Trust Inc. grew its holdings in shares of Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after buying an additional 167 shares in the last quarter. True Wealth Design LLC purchased a new stake in Mohawk Industries in the 3rd quarter valued at about $61,000. Finally, Versant Capital Management Inc increased its holdings in shares of Mohawk Industries by 71.0% during the 4th quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock worth $64,000 after buying an additional 223 shares during the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Suzanne L. Helen sold 9,078 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total transaction of $1,187,947.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 19,078 shares of company stock valued at $2,474,347. 17.10% of the stock is owned by company insiders.

Mohawk Industries Stock Performance

NYSE:MHK opened at $119.01 on Tuesday. The firm’s fifty day simple moving average is $125.78 and its 200 day simple moving average is $140.85. Mohawk Industries, Inc. has a 1 year low of $101.83 and a 1 year high of $164.29. The firm has a market capitalization of $7.51 billion, a PE ratio of 13.48, a PEG ratio of 1.60 and a beta of 1.41. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22.

Analysts Set New Price Targets

Several research analysts have commented on the company. Baird R W raised Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Jefferies Financial Group upped their price target on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. StockNews.com raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group reduced their target price on shares of Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Loop Capital cut their target price on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.00.

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.