Versor Investments LP Grows Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Versor Investments LP lifted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 31.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,236 shares of the company’s stock after buying an additional 536 shares during the quarter. Versor Investments LP’s holdings in Mohawk Industries were worth $266,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MHK. JPMorgan Chase & Co. grew its stake 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 in the last quarter. FMR LLC lifted its holdings 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 worth $350,204,000 after buying an additional 748,070 shares during the period. State Street Corp grew its position 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 buying an additional 23,016 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Mohawk Industries by 33.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company’s stock valued at $162,586,000 after buying an additional 254,779 shares during the period. Finally, Truist Financial Corp raised its holdings in shares of 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 in the last quarter. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Trading Down 1.1 %

Mohawk Industries stock opened at $116.33 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The stock has a market cap of $7.28 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 1.44 and a beta of 1.41. The stock has a 50-day moving average of $121.29 and a two-hundred day moving average of $137.26. Mohawk Industries, Inc. has a one year low of $104.88 and a one year high of $164.29.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data 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 net margin of 4.78% and a return on equity of 8.04%. On average, research analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Robert W. Baird dropped their target price on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Loop Capital dropped their price objective on shares of Mohawk Industries from $180.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Evercore ISI cut their price objective on shares of Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Wolfe Research upgraded Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 target price for the company in a report on Wednesday, January 8th. Finally, StockNews.com downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $146.92.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 4,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the transaction, the insider now directly owns 104,084 shares of the company’s stock, valued at $13,126,033.24. This represents a 3.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 17,078 shares of company stock valued at $2,203,387. Insiders own 17.10% of the company’s stock.

Mohawk Industries Company 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.