CenterBook Partners LP Buys New Shares in Mohawk Industries, Inc. (NYSE:MHK)

CenterBook Partners LP bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 9,999 shares of the company’s stock, valued at approximately $1,191,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in shares of Mohawk Industries by 36.6% during the 3rd quarter. HighTower Advisors LLC now owns 2,718 shares of the company’s stock worth $435,000 after purchasing an additional 728 shares during the last quarter. Stifel Financial Corp increased its position in Mohawk Industries by 289.3% during the third quarter. Stifel Financial Corp now owns 7,280 shares of the company’s stock worth $1,170,000 after buying an additional 5,410 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in Mohawk Industries in the third quarter valued at approximately $205,000. National Bank of Canada FI lifted its position in shares of Mohawk Industries by 82.1% in the third quarter. National Bank of Canada FI now owns 26,984 shares of the company’s stock valued at $4,336,000 after buying an additional 12,164 shares during the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of Mohawk Industries by 28.6% during the 3rd quarter. XTX Topco Ltd now owns 2,665 shares of the company’s stock worth $428,000 after acquiring an additional 593 shares during the period. 78.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Truist Financial dropped 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. Raymond James reissued a “strong-buy” rating and issued a $165.00 price objective (down from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. StockNews.com cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd. Loop Capital decreased their price target 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. Finally, Wolfe Research upgraded shares of Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research report on Wednesday, January 8th. Seven 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $144.36.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the transaction, the insider now directly owns 93,584 shares in the company, valued at approximately $10,616,168.96. This represents a 10.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 17.10% of the stock is owned by corporate insiders.

Mohawk Industries Stock Performance

NYSE MHK opened at $102.92 on Friday. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.44 and a beta of 1.23. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29. The stock has a fifty day simple moving average of $114.74 and a 200 day simple moving average of $128.78.

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

Mohawk Industries 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.