Quantbot Technologies LP Increases Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Quantbot Technologies LP increased its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 195.9% during the third quarter, Holdings Channel.com reports. The firm owned 58,257 shares of the company’s stock after buying an additional 38,567 shares during the period. Quantbot Technologies LP’s holdings in Mohawk Industries were worth $9,361,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quest Partners LLC boosted its position in Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after acquiring an additional 84 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Mohawk Industries during the 2nd quarter worth $50,000. Blue Trust Inc. boosted its position in Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after purchasing an additional 167 shares in the last quarter. AM Squared Ltd bought a new stake in Mohawk Industries during the second quarter valued at about $68,000. Finally, Capital Performance Advisors LLP purchased a new position in Mohawk Industries in the third quarter valued at about $73,000. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Trading Up 4.5 %

Mohawk Industries stock opened at $145.05 on Tuesday. Mohawk Industries, Inc. has a 52 week low of $82.71 and a 52 week high of $164.29. The stock has a 50-day moving average price of $149.44 and a 200 day moving average price of $137.39. 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 company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 1.53 and a beta of 1.38.

Analyst Ratings Changes

A number of research firms have recently weighed in on MHK. Barclays lowered their price target on shares of Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Royal Bank of Canada lowered their target price on shares of Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. upped their price target on Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Truist Financial lowered their price objective on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Finally, Loop Capital increased their price target on Mohawk Industries from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Five equities research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.08.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 660 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the transaction, the insider now owns 118,709 shares of the company’s stock, valued at $17,979,665.14. The trade was a 0.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 17.10% of the company’s stock.

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.