Mohawk Industries, Inc. (NYSE:MHK) Stock Holdings Increased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. boosted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,674 shares of the company’s stock after purchasing an additional 795 shares during the period. Landscape Capital Management L.L.C.’s holdings in Mohawk Industries were worth $2,197,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quest Partners LLC boosted its stake in shares of Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after acquiring an additional 84 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Mohawk Industries in the 2nd quarter valued at $50,000. Blue Trust Inc. increased its stake in Mohawk Industries by 85.6% in the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after purchasing an additional 167 shares in the last quarter. AM Squared Ltd acquired a new stake in Mohawk Industries during the 2nd quarter worth about $68,000. Finally, Capital Performance Advisors LLP purchased a new stake in Mohawk Industries during the third quarter valued at about $73,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 660 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the sale, the insider now directly owns 118,709 shares in the company, valued at approximately $17,979,665.14. This represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 17.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MHK. Bank of America raised shares of Mohawk Industries from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $120.00 to $177.00 in a research report on Friday, July 26th. Truist Financial cut 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 note on Monday, October 28th. Jefferies Financial Group raised their target price on Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Baird R W raised Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Finally, Robert W. Baird upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $160.00 to $196.00 in a research report on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mohawk Industries has an average rating of “Moderate Buy” and a consensus price target of $162.08.

Mohawk Industries Price Performance

Shares of MHK opened at $137.91 on Friday. 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 firm has a market cap of $8.70 billion, a PE ratio of 15.62, a PEG ratio of 1.50 and a beta of 1.38. The firm’s 50 day moving average price is $150.04 and its 200 day moving average price is $136.97. Mohawk Industries, Inc. has a twelve month low of $82.71 and a twelve month high of $164.29.

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.