American Century Companies Inc. Buys 313,897 Shares of Mohawk Industries, Inc. (NYSE:MHK)

American Century Companies Inc. boosted its stake in Mohawk Industries, Inc. (NYSE:MHK) by 48.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 958,818 shares of the company’s stock after buying an additional 313,897 shares during the quarter. American Century Companies Inc.’s holdings in Mohawk Industries were worth $114,224,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. FMR LLC boosted its position in shares of Mohawk Industries by 52.3% during the third quarter. FMR LLC now owns 2,179,510 shares of the company’s stock valued at $350,204,000 after purchasing an additional 748,070 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings 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 buying an additional 254,779 shares in the last quarter. Amundi grew its position in shares of Mohawk Industries by 117.4% in the 4th quarter. Amundi now owns 331,750 shares of the company’s stock worth $39,239,000 after buying an additional 179,121 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Mohawk Industries by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock worth $485,983,000 after acquiring an additional 74,123 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Mohawk Industries by 111.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 129,186 shares of the company’s stock valued at $20,758,000 after acquiring an additional 67,990 shares during the period. 78.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $113.44, for a total value of $1,191,120.00. Following the transaction, the insider now owns 93,584 shares of the company’s stock, valued at approximately $10,616,168.96. This trade represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 17.10% of the company’s stock.

Mohawk Industries Stock Down 2.2 %

Shares of Mohawk Industries stock opened at $111.75 on Monday. Mohawk Industries, Inc. has a twelve month low of $104.88 and a twelve month high of $164.29. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average is $120.12 and its 200 day moving average is $133.33. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44.

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

Analyst Ratings Changes

A number of brokerages have weighed in on MHK. StockNews.com cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a report on Friday. Truist Financial cut their price target on Mohawk Industries from $155.00 to $148.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company lowered their price objective on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Bank of America cut their target price on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Finally, Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $146.92.

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.