Versor Investments LP Purchases Shares of 1,700 Mohawk Industries, Inc. (NYSE:MHK)

Versor Investments LP purchased a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,700 shares of the company’s stock, valued at approximately $273,000.

Other hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC bought a new position in shares of Mohawk Industries during the 1st quarter valued at approximately $1,450,000. Sei Investments Co. grew its stake in shares of Mohawk Industries by 2,040.6% during the 1st quarter. Sei Investments Co. now owns 62,720 shares of the company’s stock valued at $8,209,000 after acquiring an additional 59,790 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of Mohawk Industries by 20.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 61,447 shares of the company’s stock valued at $8,043,000 after acquiring an additional 10,274 shares during the period. Vanguard Group Inc. grew its stake in shares of Mohawk Industries by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 6,257,677 shares of the company’s stock valued at $819,067,000 after acquiring an additional 17,541 shares during the period. Finally, Maverick Capital Ltd. bought a new position in shares of Mohawk Industries during the 2nd quarter valued at approximately $1,253,000. 78.98% of the stock is currently owned by institutional investors.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 660 shares of the stock in a transaction 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 sale, the insider now owns 118,709 shares in the company, valued at approximately $17,979,665.14. This represents a 0.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 17.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MHK has been the subject of a number of recent research reports. Wells Fargo & Company upgraded Mohawk Industries from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $140.00 to $160.00 in a research note on Monday, October 7th. 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 report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Robert W. Baird raised Mohawk Industries from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Finally, Truist Financial lowered their price target on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Five equities research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.08.

Mohawk Industries Stock Down 0.0 %

Shares of MHK opened at $140.29 on Friday. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. Mohawk Industries, Inc. has a 1 year low of $82.71 and a 1 year high of $164.29. The business’s 50 day simple moving average is $150.79 and its 200-day simple moving average is $136.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09.

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.