Jones Financial Companies Lllp Has $85,000 Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Jones Financial Companies Lllp grew its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 233.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 716 shares of the company’s stock after purchasing an additional 501 shares during the quarter. Jones Financial Companies Lllp’s holdings in Mohawk Industries were worth $85,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Mohawk Industries during the 3rd quarter worth approximately $36,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Mohawk Industries during the 3rd quarter worth approximately $55,000. True Wealth Design LLC acquired a new position in shares of Mohawk Industries during the 3rd quarter worth approximately $61,000. 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 acquiring an additional 223 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Mohawk Industries during the 4th quarter worth approximately $66,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

MHK has been the topic of a number of recent analyst reports. Bank of America decreased their target price on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Truist Financial reduced their price target on Mohawk Industries from $155.00 to $148.00 and set a “buy” rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. reduced their price target on Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Loop Capital reduced their price target on Mohawk Industries from $180.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Finally, Evercore ISI reduced their price target on Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating for the company in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mohawk Industries has an average rating of “Moderate Buy” and a consensus target price of $146.92.

Mohawk Industries Stock Up 3.1 %

Shares of Mohawk Industries stock opened at $114.39 on Monday. Mohawk Industries, Inc. has a one year low of $104.88 and a one year high of $164.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The stock’s 50-day moving average is $120.51 and its 200 day moving average is $134.71. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.44 and a beta of 1.44.

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

Insider Activity at Mohawk Industries

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 stock was sold at an average price of $113.44, for a total value of $1,191,120.00. Following the transaction, the insider now owns 93,584 shares in the company, valued at approximately $10,616,168.96. This represents a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.10% of the stock is owned by corporate insiders.

Mohawk Industries Company 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.