Cwm LLC boosted its position in Mohawk Industries, Inc. (NYSE:MHK – Free Report) by 128.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,145 shares of the company’s stock after purchasing an additional 643 shares during the period. Cwm LLC’s holdings in Mohawk Industries were worth $150,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in shares of Mohawk Industries by 4.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,585 shares of the company’s stock worth $479,000 after buying an additional 222 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Mohawk Industries by 1.8% in the third quarter. Envestnet Asset Management Inc. now owns 71,256 shares of the company’s stock valued at $6,115,000 after purchasing an additional 1,267 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Mohawk Industries during the 3rd quarter worth approximately $397,000. Northern Trust Corp raised its position in shares of Mohawk Industries by 4.0% during the 3rd quarter. Northern Trust Corp now owns 597,546 shares of the company’s stock worth $51,275,000 after purchasing an additional 23,070 shares during the last quarter. Finally, Natixis Advisors L.P. lifted its stake in Mohawk Industries by 11.6% in the 3rd quarter. Natixis Advisors L.P. now owns 40,333 shares of the company’s stock valued at $3,461,000 after buying an additional 4,197 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Royal Bank of Canada boosted their price target on Mohawk Industries from $106.00 to $108.00 and gave the stock a “sector perform” rating in a report on Monday, April 29th. Barclays reduced their target price on shares of Mohawk Industries from $122.00 to $120.00 and set an “equal weight” rating on the stock in a report on Monday, April 29th. JPMorgan Chase & Co. lifted their price target on shares of Mohawk Industries from $122.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Truist Financial upped their price objective on shares of Mohawk Industries from $127.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, Raymond James upgraded Mohawk Industries from a “market perform” rating to a “strong-buy” rating and set a $140.00 price target for the company in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Mohawk Industries has an average rating of “Moderate Buy” and a consensus price target of $123.20.
View Our Latest Stock Report on Mohawk Industries
Mohawk Industries Price Performance
MHK stock opened at $113.00 on Monday. The stock has a 50-day moving average price of $115.67 and a two-hundred day moving average price of $112.83. The company has a market cap of $7.22 billion, a PE ratio of -17.28, a price-to-earnings-growth ratio of 1.10 and a beta of 1.40. The company has a current ratio of 1.83, a quick ratio of 1.02 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 12-month low of $76.02 and a 12-month high of $131.19.
Mohawk Industries (NYSE:MHK – Get Free Report) last posted its earnings results on Thursday, April 25th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.16. Mohawk Industries had a negative net margin of 3.77% and a positive return on equity of 7.72%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the company earned $1.75 EPS. The company’s revenue was down 4.5% on a year-over-year basis. As a group, research analysts predict that Mohawk Industries, Inc. will post 9.68 EPS for the current year.
Insider Buying and Selling
In other Mohawk Industries news, insider Suzanne L. Helen sold 1,800 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $111.74, for a total transaction of $201,132.00. Following the transaction, the insider now owns 122,369 shares in…
Read More: Cwm LLC Increases Holdings in Mohawk Industries, Inc. (NYSE:MHK)