Blackhawk Capital Partners LLC. Has $216,000 Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Blackhawk Capital Partners LLC. grew its position in Mohawk Industries, Inc. (NYSE:MHK) by 32.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,816 shares of the company’s stock after acquiring an additional 447 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Mohawk Industries were worth $216,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Mohawk Industries by 2.5% in the third 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 during the period. FMR LLC raised its stake in shares of Mohawk Industries by 52.3% in the 3rd quarter. FMR LLC now owns 2,179,510 shares of the company’s stock valued at $350,204,000 after buying an additional 748,070 shares in the last quarter. State Street Corp lifted its holdings in shares of Mohawk Industries by 1.3% during the 3rd quarter. State Street Corp now owns 1,846,446 shares of the company’s stock worth $296,687,000 after acquiring an additional 23,016 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Mohawk Industries by 33.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company’s stock valued at $162,586,000 after acquiring an additional 254,779 shares in the last quarter. Finally, Truist Financial Corp increased its stake in Mohawk Industries by 7.4% in the fourth quarter. Truist Financial Corp now owns 374,456 shares of the company’s stock valued at $44,609,000 after acquiring an additional 25,864 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insider Activity

In related news, insider Suzanne L. Helen sold 2,000 shares of Mohawk Industries stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total value of $270,960.00. Following the completion of the sale, the insider now directly owns 2,453 shares in the company, valued at $332,332.44. This trade represents a 44.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 19,078 shares of company stock valued at $2,474,347 over the last 90 days. 17.10% of the stock is owned by company insiders.

Mohawk Industries Trading Down 0.5 %

MHK opened at $115.36 on Tuesday. Mohawk Industries, Inc. has a 1-year low of $104.88 and a 1-year high of $164.29. The firm has a 50-day moving average price of $121.46 and a two-hundred day moving average price of $138.04. The stock has a market capitalization of $7.28 billion, a PE ratio of 14.19, a PEG ratio of 1.44 and a beta of 1.41. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. As a group, equities analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on MHK. Evercore ISI cut their price target on shares of 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. The Goldman Sachs Group cut their target price on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Wells Fargo & Company decreased their price target on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. StockNews.com lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $146.92.

About Mohawk Industries

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.