1,306 Shares in Mohawk Industries, Inc. (NYSE:MHK) Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new position in Mohawk Industries, Inc. (NYSE:MHK) during the third quarter, Holdings Channel.com reports. The fund bought 1,306 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Signaturefd LLC raised its holdings in shares of Mohawk Industries by 12.5% during the third quarter. Signaturefd LLC now owns 683 shares of the company’s stock valued at $110,000 after acquiring an additional 76 shares during the period. Quest Partners LLC raised its holdings in shares of 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 acquiring an additional 84 shares during the period. State of Michigan Retirement System raised its holdings in shares of Mohawk Industries by 0.7% during the second quarter. State of Michigan Retirement System now owns 14,545 shares of the company’s stock valued at $1,652,000 after acquiring an additional 100 shares during the period. Allworth Financial LP raised its holdings in shares of Mohawk Industries by 20.6% during the third quarter. Allworth Financial LP now owns 626 shares of the company’s stock valued at $101,000 after acquiring an additional 107 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Mohawk Industries by 3.9% during the third quarter. US Bancorp DE now owns 3,920 shares of the company’s stock valued at $630,000 after acquiring an additional 146 shares during the period. 78.98% of the stock is currently owned by institutional investors.

Insider Transactions at Mohawk Industries

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MHK shares. Barclays cut 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. JPMorgan Chase & Co. boosted their price objective on shares of Mohawk Industries from $124.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Wells Fargo & Company upgraded shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $140.00 to $160.00 in a research note on Monday, October 7th. Truist Financial dropped their price objective 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. Finally, Baird R W upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $162.08.

Mohawk Industries Stock Performance

Shares of MHK opened at $139.10 on Friday. The company’s fifty day moving average is $148.57 and its 200-day moving average is $137.72. Mohawk Industries, Inc. has a 12 month low of $83.15 and a 12 month high of $164.29. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.38. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22.

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.