2,165 Shares in Mohawk Industries, Inc. (NYSE:MHK) Acquired by Choreo LLC

Choreo LLC purchased a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,165 shares of the company’s stock, valued at approximately $258,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC acquired a new position in Mohawk Industries in the 3rd quarter valued at $36,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Mohawk Industries during the 3rd quarter worth $55,000. Blue Trust Inc. raised 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 buying an additional 167 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of Mohawk Industries during the 3rd quarter worth $61,000. Finally, Versant Capital Management Inc raised 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 in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MHK shares. StockNews.com cut Mohawk Industries from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Robert W. Baird lowered their price target on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Truist Financial reduced their price objective on Mohawk Industries from $155.00 to $148.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Barclays reduced their price objective on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Finally, Royal Bank of Canada reduced their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $146.92.

Mohawk Industries Stock Up 1.1 %

MHK stock opened at $121.05 on Friday. The stock’s 50 day simple moving average is $122.89 and its 200 day simple moving average is $139.64. Mohawk Industries, Inc. has a fifty-two week low of $104.88 and a fifty-two week high of $164.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. The company has a market cap of $7.64 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.00% and a net margin of 4.78%. On average, research analysts expect that Mohawk Industries, Inc. will post 10.71 earnings per share for the current fiscal year.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total value of $270,960.00. Following the completion of the sale, the insider now directly owns 2,453 shares of the company’s stock, valued at $332,332.44. This represents a 44.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 19,078 shares of company stock valued at $2,474,347 over the last ninety days. 17.10% of the stock is currently owned by insiders.

Mohawk Industries 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.