2 weeks Ago By Defense World Staff
Commonwealth Equity Services LLC acquired a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,046 shares of the company’s stock, valued at approximately $482,000.
Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Mohawk Industries by 2.
5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock worth $485,983,000 after purchasing an additional 74,123 shares in the last quarter.
State Street Corp grew its holdings in shares of Mohawk Industries by 1.3% during the third quarter. State Street Corp now owns 1,846,446 shares of the company’s stock worth $296,687,000 after buying an additional 23,016 shares in the last quarter.
Truist Financial Corp raised its position in Mohawk Industries by 7.4% in the 4th quarter. Truist Financial Corp now owns 374,456 shares of the company’s stock valued at $44,609,000 after buying an additional 25,864 shares during the last quarter.
Amundi lifted its stake in Mohawk Industries by 117.4% in the 4th quarter. Amundi now owns 331,750 shares of the company’s stock valued at $39,239,000 after acquiring an additional 179,121 shares in the last quarter.
Finally, Bank of New York Mellon Corp boosted its position in Mohawk Industries by 5.5% during the 4th quarter. Bank of New York Mellon Corp now owns 316,805 shares of the company’s stock worth $37,741,000 after acquiring an additional 16,483 shares during the last quarter.
78.98% of the stock is currently owned by institutional investors and hedge funds. Mohawk Industries Price PerformanceNYSE:MHK opened at $105.
55 on Friday. The firm’s fifty day moving average price is $117.26 and its two-hundred day moving average price is $130.
85. 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 company has a market cap of $6.
61 billion, a P/E ratio of 12.98, a P/E/G ratio of 1.44 and a beta of 1.
23. Mohawk Industries, Inc. has a one year low of $100.
56 and a one year high of $164.29. Mohawk Industries (NYSE:MHK – Get Free Report) last announced its quarterly earnings results on Thursday, February 6th.
The company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.
10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.
04%. Equities analysts expect that Mohawk Industries, Inc. will post 9.
8 earnings per share for the current year. Analysts Set New Price TargetsA number of analysts have recently issued reports on the stock. Robert W.
Baird lowered their price objective on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating on the stock in a report on Monday, February 10th.
Loop Capital cut their price target on shares of Mohawk Industries from $180.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, February 10th.
Evercore ISI decreased their price objective on Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating for the company in a report on Monday, February 10th.
StockNews.com lowered Mohawk Industries from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Raymond James reissued a “strong-buy” rating and set a $165.
00 price target (down from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company.
According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.07.Check Out Our Latest Report on MHKInsider Buying and SellingIn related news, insider Suzanne L.
Helen sold 10,500 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $113.44, for a total value of $1,191,120.
00. Following the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
17.10% of the stock is currently owned by insiders. Mohawk Industries Company Profile (Free Report)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.Featured ArticlesFive stocks we like better than Mohawk IndustriesInvesting in Commodities: What Are They? How to Invest in ThemConagra Stock Could Thrive as Tariffs Hit Other SectorsHow to Effectively Use the MarketBeat Ratings ScreenerGrocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey FindsAirline Stocks – Top Airline Stocks to Buy NowSpotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?Want to see what other hedge funds are holding MHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mohawk Industries, Inc.
(NYSE:MHK – Free Report)..
