Signaturefd LLC Has $110,000 Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Signaturefd LLC boosted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 12.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 683 shares of the company’s stock after acquiring an additional 76 shares during the quarter. Signaturefd LLC’s holdings in Mohawk Industries were worth $110,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA acquired a new stake in shares of Mohawk Industries during the 2nd quarter valued at about $85,997,000. Pacer Advisors Inc. lifted its holdings in shares of Mohawk Industries by 42.9% during the 2nd quarter. Pacer Advisors Inc. now owns 1,200,360 shares of the company’s stock valued at $136,349,000 after buying an additional 360,628 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Mohawk Industries by 10.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,036,545 shares of the company’s stock valued at $344,903,000 after buying an additional 292,661 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Mohawk Industries by 1,464.0% during the 2nd quarter. Victory Capital Management Inc. now owns 227,357 shares of the company’s stock valued at $25,825,000 after buying an additional 212,820 shares during the last quarter. Finally, Clearbridge Investments LLC acquired a new stake in shares of Mohawk Industries during the 2nd quarter valued at about $21,061,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Truist Financial reduced their price target on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a report on Monday. Wells Fargo & Company raised Mohawk Industries from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $140.00 to $160.00 in a research note on Monday, October 7th. Royal Bank of Canada cut their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research note on Monday. Robert W. Baird raised Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $160.00 to $196.00 in a research note on Monday, October 21st. Finally, Bank of America raised Mohawk Industries from an “underperform” rating to a “buy” rating and raised their price objective for the company from $120.00 to $177.00 in a research note on Friday, July 26th. Five equities 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. Based on data from MarketBeat, Mohawk Industries currently has an average rating of “Moderate Buy” and an average price target of $162.08.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,300 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total value of $347,645.00. Following the sale, the insider now directly owns 119,369 shares in the company, valued at $18,042,624.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Suzanne L. Helen sold 2,300 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total transaction of $347,645.00. Following the sale, the insider now owns 119,369 shares in the company, valued at approximately $18,042,624.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Suzanne L. Helen sold 660 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the sale, the insider now owns 118,709 shares in the company, valued at $17,979,665.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,660 shares of company stock worth $550,488 over the last three months. Company insiders own 17.10% of the company’s stock.

Mohawk Industries Stock Performance

Shares of NYSE:MHK opened at $131.71 on Tuesday. The business’s fifty day moving average price is $154.19 and its two-hundred day moving average price is $133.92. Mohawk Industries, Inc. has a fifty-two week low of $76.35 and a fifty-two week high of $164.29. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of -20.14, a price-to-earnings-growth ratio of 1.11 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.92 and a quick ratio of 1.04.

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.