Parkside Investments LLC Buys 2,000 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Parkside Investments LLC boosted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 40.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Parkside Investments LLC’s holdings in Mohawk Industries were worth $834,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Mohawk Industries by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock valued at $485,983,000 after buying an additional 74,123 shares during the last quarter. FMR LLC grew its position in Mohawk Industries by 52.3% during the third quarter. FMR LLC now owns 2,179,510 shares of the company’s stock worth $350,204,000 after buying an additional 748,070 shares in the last quarter. State Street Corp increased its stake in Mohawk Industries by 1.3% during the third quarter. State Street Corp now owns 1,846,446 shares of the company’s stock valued at $296,687,000 after acquiring an additional 23,016 shares during the period. Brandes Investment Partners LP raised its holdings in Mohawk Industries by 10.5% in the 2nd quarter. Brandes Investment Partners LP now owns 1,015,640 shares of the company’s stock valued at $115,057,000 after acquiring an additional 96,174 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Mohawk Industries by 33.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company’s stock worth $162,586,000 after acquiring an additional 254,779 shares during the period. 78.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MHK has been the subject of a number of recent research reports. Wells Fargo & Company cut their target price 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. StockNews.com raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st. Truist Financial decreased their target price on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Loop Capital decreased their price objective on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, December 4th. Finally, Baird R W raised Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Four research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.00.

Insider Activity

In other news, insider Suzanne L. Helen sold 9,078 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total transaction of $1,187,947.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 19,078 shares of company stock valued at $2,474,347 over the last three months. 17.10% of the stock is owned by insiders.

Mohawk Industries Stock Down 4.1 %

Shares of NYSE:MHK opened at $125.42 on Monday. 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 firm has a market cap of $7.92 billion, a P/E ratio of 14.20, a P/E/G ratio of 1.27 and a beta of 1.41. Mohawk Industries, Inc. has a 12 month low of $97.45 and a 12 month high of $164.29. The company’s 50-day moving average price is $127.49 and its two-hundred day moving average price is $141.02.

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.