Quantinno Capital Management LP Acquires 8,327 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Quantinno Capital Management LP lifted its stake in Mohawk Industries, Inc. (NYSE:MHK) by 36.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,474 shares of the company’s stock after buying an additional 8,327 shares during the quarter. Quantinno Capital Management LP’s holdings in Mohawk Industries were worth $5,057,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in Mohawk Industries by 276.4% during the second quarter. SG Americas Securities LLC now owns 23,793 shares of the company’s stock valued at $2,703,000 after purchasing an additional 17,471 shares in the last quarter. Czech National Bank boosted its holdings in Mohawk Industries by 8.6% in the 2nd quarter. Czech National Bank now owns 10,100 shares of the company’s stock worth $1,147,000 after buying an additional 802 shares during the period. Manchester Financial Inc. increased its stake in Mohawk Industries by 3.3% in the 2nd quarter. Manchester Financial Inc. now owns 9,046 shares of the company’s stock worth $1,028,000 after buying an additional 289 shares in the last quarter. Wilsey Asset Management Inc. increased its stake in Mohawk Industries by 47.2% in the 2nd quarter. Wilsey Asset Management Inc. now owns 190,366 shares of the company’s stock worth $21,624,000 after buying an additional 61,063 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Mohawk Industries by 4.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,573 shares of the company’s stock valued at $1,315,000 after acquiring an additional 493 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MHK. Robert W. Baird upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $160.00 to $196.00 in a research report on Monday, October 21st. Barclays reduced their price objective on shares of Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Wells Fargo & Company upgraded shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $140.00 to $160.00 in a research report on Monday, October 7th. Loop Capital cut their price objective on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Jefferies Financial Group boosted their target price on Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $161.67.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 660 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the completion of the sale, the insider now directly owns 118,709 shares of the company’s stock, valued at approximately $17,979,665.14. This trade represents a 0.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.10% of the stock is currently owned by insiders.

Mohawk Industries Trading Down 0.4 %

MHK stock opened at $130.92 on Friday. Mohawk Industries, Inc. has a twelve month low of $90.79 and a twelve month high of $164.29. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 1.45 and a beta of 1.38. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The firm’s fifty day simple moving average is $145.42 and its two-hundred day simple moving average is $138.39.

Mohawk Industries 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.