Harbor Capital Advisors Inc. Purchases 1,221 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Harbor Capital Advisors Inc. raised its position in Mohawk Industries, Inc. (NYSE:MHK) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,402 shares of the company’s stock after buying an additional 1,221 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Mohawk Industries were worth $7,910,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MHK. Quest Partners LLC lifted its holdings in Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after purchasing an additional 84 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new position in Mohawk Industries in the 3rd quarter worth approximately $36,000. Headlands Technologies LLC bought a new stake in Mohawk Industries during the 2nd quarter valued at $50,000. Wilmington Savings Fund Society FSB bought a new position in shares of Mohawk Industries in the third quarter worth $55,000. Finally, Blue Trust Inc. raised its stake in shares of Mohawk Industries by 85.6% during the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after purchasing an additional 167 shares during the period. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Trading Down 0.5 %

Shares of Mohawk Industries stock traded down $0.54 during trading on Friday, reaching $117.74. The company’s stock had a trading volume of 195,046 shares, compared to its average volume of 563,619. The firm’s 50-day moving average is $130.65 and its two-hundred day moving average is $139.26. Mohawk Industries, Inc. has a 52-week low of $96.28 and a 52-week high of $164.29. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 1.41 and a beta of 1.41. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com raised Mohawk Industries from a “hold” rating to a “buy” rating in a report on Thursday. Jefferies Financial Group boosted their price objective on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Baird R W raised shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Truist Financial reduced their price target on shares of 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 dropped their price objective on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Mohawk Industries currently has a consensus rating of “Moderate Buy” and an average target price of $158.92.

Insider Activity

In other Mohawk Industries news, insider Suzanne L. Helen sold 4,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $126.11, for a total transaction of $504,440.00. Following the completion of the sale, the insider now 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 19,078 shares of company stock valued at $2,474,347. 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.