Mohawk Industries, Inc. (NYSE:MHK) Shares Acquired by Polianta Ltd

Polianta Ltd increased its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 23.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 9,100 shares of the company’s stock after acquiring an additional 1,700 shares during the period. Polianta Ltd’s holdings in Mohawk Industries were worth $1,084,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MHK. FMR LLC raised its stake in shares of Mohawk Industries by 52.3% during the third quarter. FMR LLC now owns 2,179,510 shares of the company’s stock valued at $350,204,000 after purchasing an additional 748,070 shares during the period. Pacer Advisors Inc. increased its stake in Mohawk Industries by 42.9% during the 2nd quarter. Pacer Advisors Inc. now owns 1,200,360 shares of the company’s stock worth $136,349,000 after buying an additional 360,628 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Mohawk Industries by 33.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company’s stock worth $162,586,000 after buying an additional 254,779 shares in the last quarter. Clearbridge Investments LLC acquired a new position in Mohawk Industries in the 2nd quarter worth $21,061,000. Finally, Select Equity Group L.P. boosted its position in Mohawk Industries by 8.5% in the 2nd quarter. Select Equity Group L.P. now owns 1,702,440 shares of the company’s stock valued at $193,380,000 after buying an additional 132,879 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Wall Street Analysts Forecast Growth

MHK has been the topic of several recent analyst reports. Jefferies Financial Group boosted their price target on Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Loop Capital cut their target price on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. JPMorgan Chase & Co. raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $151.00 to $161.00 in a research report on Friday, January 10th. Robert W. Baird raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their price target for the company from $160.00 to $196.00 in a report on Monday, October 21st. Finally, The Goldman Sachs Group reduced their price objective on shares of Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mohawk Industries presently has a consensus rating of “Moderate Buy” and an average target price of $155.00.

Mohawk Industries Trading Up 0.5 %

Shares of NYSE MHK opened at $129.31 on Friday. Mohawk Industries, Inc. has a 12-month low of $96.28 and a 12-month high of $164.29. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 1.15 and a beta of 1.41. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The stock’s 50 day simple moving average is $128.74 and its 200 day simple moving average is $140.14.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total transaction of $270,960.00. Following the completion of the transaction, the insider now directly owns 2,453 shares of the company’s stock, valued at $332,332.44. The trade was a 44.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 19,078 shares of company stock valued at $2,474,347 over the last three months. Company insiders own 17.10% of the company’s stock.

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.