180 Wealth Advisors LLC Purchases 964 Shares of Mohawk Industries, Inc. (NYSE:MHK)

180 Wealth Advisors LLC increased its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 38.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,494 shares of the company’s stock after purchasing an additional 964 shares during the period. 180 Wealth Advisors LLC’s holdings in Mohawk Industries were worth $416,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MHK. Massachusetts Financial Services Co. MA purchased a new position in shares of Mohawk Industries in the 2nd quarter worth $85,997,000. 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 valued at $350,204,000 after acquiring an additional 748,070 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Mohawk Industries by 42.9% in the 2nd quarter. Pacer Advisors Inc. now owns 1,200,360 shares of the company’s stock valued at $136,349,000 after acquiring an additional 360,628 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Mohawk Industries by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,036,545 shares of the company’s stock worth $344,903,000 after acquiring an additional 292,661 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new stake in Mohawk Industries during the second quarter worth approximately $21,061,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Price Performance

Shares of MHK opened at $125.61 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. The stock has a market capitalization of $7.93 billion, a PE ratio of 14.23, a PEG ratio of 1.41 and a beta of 1.41. The company has a 50 day moving average price of $129.75 and a 200-day moving average price of $139.95. Mohawk Industries, Inc. has a fifty-two week low of $96.28 and a fifty-two week high of $164.29.

Analyst Upgrades and Downgrades

MHK has been the subject of several analyst reports. Wells Fargo & Company lowered their price objective on Mohawk Industries from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. JPMorgan Chase & Co. upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their price target for the company from $151.00 to $161.00 in a report on Friday, January 10th. Loop Capital dropped their price objective on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. StockNews.com raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. Finally, Truist Financial lowered their target price on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $155.85.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total transaction of $270,960.00. Following the sale, the insider now directly owns 2,453 shares of the company’s stock, valued at $332,332.44. The trade was a 44.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 19,078 shares of company stock worth $2,474,347 over the last three months. Corporate 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.