Mohawk Industries, Inc. (NYSE:MHK) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in Mohawk Industries, Inc. (NYSE:MHK) by 35.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,473 shares of the company’s stock after purchasing an additional 5,855 shares during the period. State of Alaska Department of Revenue’s holdings in Mohawk Industries were worth $2,676,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MHK. FMR LLC increased its position in shares of Mohawk Industries by 52.3% in the third 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. Massachusetts Financial Services Co. MA increased its holdings in 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. Assenagon Asset Management S.A. raised its position in Mohawk Industries by 482.7% during the third quarter. Assenagon Asset Management S.A. now owns 137,122 shares of the company’s stock worth $22,033,000 after acquiring an additional 113,588 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Mohawk Industries by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock valued at $485,983,000 after purchasing an additional 74,123 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Mohawk Industries by 111.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 129,186 shares of the company’s stock worth $20,758,000 after purchasing an additional 67,990 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 4,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $126.11, for a total value of $504,440.00. Following the completion of the transaction, the insider now owns 104,084 shares in the company, valued at approximately $13,126,033.24. This represents a 3.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 19,078 shares of company stock worth $2,474,347. 17.10% of the stock is owned by insiders.

Analysts Set New Price Targets

MHK has been the subject of several analyst reports. Truist Financial cut their target price on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Baird R W upgraded Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Loop Capital dropped their price objective on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. JPMorgan Chase & Co. raised Mohawk Industries from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $151.00 to $161.00 in a research report on Friday, January 10th. Finally, Robert W. Baird raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $160.00 to $196.00 in a research report on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $154.62.

Mohawk Industries Price Performance

Shares of NYSE:MHK opened at $120.46 on Monday. 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 has a 50-day simple moving average of $124.30 and a 200 day simple moving average of $140.65. Mohawk Industries, Inc. has a fifty-two week low of $101.83 and a fifty-two week high of $164.29. The company has a market cap of $7.60 billion, a PE ratio of 14.82, a P/E/G ratio of 1.60 and a beta of 1.41.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.00% and a net margin of 4.78%. On average, sell-side analysts anticipate that Mohawk Industries, Inc. will post 10.71 EPS for the current year.

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.