Steward Partners Investment Advisory LLC Has $154,000 Position in Mohawk Industries, Inc. (NYSE:MHK)

Steward Partners Investment Advisory LLC raised its position in Mohawk Industries, Inc. (NYSE:MHK) by 136.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,294 shares of the company’s stock after buying an additional 746 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Mohawk Industries were worth $154,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MHK. JPMorgan Chase & Co. boosted its stake in shares of Mohawk Industries by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock valued at $485,983,000 after buying an additional 74,123 shares during the period. FMR LLC raised its holdings in Mohawk Industries by 52.3% in the 3rd quarter. FMR LLC now owns 2,179,510 shares of the company’s stock valued at $350,204,000 after acquiring an additional 748,070 shares in the last quarter. State Street Corp lifted its position in shares of Mohawk Industries by 1.3% during the 3rd quarter. State Street Corp now owns 1,846,446 shares of the company’s stock valued at $296,687,000 after acquiring an additional 23,016 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Mohawk Industries by 33.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company’s stock worth $162,586,000 after purchasing an additional 254,779 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of Mohawk Industries by 7.4% in the fourth quarter. Truist Financial Corp now owns 374,456 shares of the company’s stock worth $44,609,000 after purchasing an additional 25,864 shares during the period. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

Mohawk Industries stock opened at $114.39 on Monday. The business has a 50 day moving average of $120.51 and a 200-day moving average of $134.71. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. Mohawk Industries, Inc. has a 1 year low of $104.88 and a 1 year high of $164.29. The company has a market capitalization of $7.16 billion, a P/E ratio of 14.07, a P/E/G ratio of 1.44 and a beta of 1.44.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. On average, equities research analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the completion of the sale, the insider now owns 93,584 shares of the company’s stock, valued at approximately $10,616,168.96. This represents a 10.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MHK has been the topic of a number of analyst reports. Robert W. Baird reduced their price objective on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company reduced their price target on shares of Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. StockNews.com raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Monday, March 10th. Bank of America cut their target price on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Finally, Evercore ISI decreased their price target on Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Mohawk Industries has an average rating of “Moderate Buy” and a consensus target price of $146.92.

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.