Landscape Capital Management L.L.C. Purchases 795 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Landscape Capital Management L.L.C. boosted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 6.2% in the third quarter, HoldingsChannel reports. The firm owned 13,674 shares of the company’s stock after acquiring an additional 795 shares during the period. Landscape Capital Management L.L.C.’s holdings in Mohawk Industries were worth $2,197,000 at the end of the most recent reporting period.

Several 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 in the second quarter valued at $85,997,000. Pacer Advisors Inc. grew its stake in shares of Mohawk Industries by 42.9% during the second quarter. Pacer Advisors Inc. now owns 1,200,360 shares of the company’s stock worth $136,349,000 after purchasing an additional 360,628 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Mohawk Industries by 10.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,036,545 shares of the company’s stock worth $344,903,000 after buying an additional 292,661 shares during the last quarter. Victory Capital Management Inc. grew its position 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 worth $25,825,000 after buying an additional 212,820 shares during the period. Finally, Clearbridge Investments LLC acquired a new stake in shares of Mohawk Industries in the 2nd quarter valued at approximately $21,061,000. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Up 1.6 %

Shares of Mohawk Industries stock opened at $137.91 on Friday. The firm has a market cap of $8.70 billion, a PE ratio of 15.62, a P/E/G ratio of 1.50 and a beta of 1.38. The business’s 50 day simple moving average is $150.04 and its 200 day simple moving average is $136.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. Mohawk Industries, Inc. has a 52-week low of $82.71 and a 52-week high of $164.29.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 660 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.46, for a total transaction of $99,963.60. Following the completion of the transaction, the insider now owns 118,709 shares in the company, valued at approximately $17,979,665.14. This represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 17.10% of the company’s stock.

Wall Street Analyst Weigh In

MHK has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Mohawk Industries from $124.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Wells Fargo & Company raised shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $140.00 to $160.00 in a report on Monday, October 7th. Bank of America raised Mohawk Industries from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $120.00 to $177.00 in a research note on Friday, July 26th. Baird R W raised Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Finally, Robert W. Baird raised Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $160.00 to $196.00 in a research report on Monday, October 21st. Five 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 stock. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and an average target price of $162.08.

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.