Hantz Financial Services Inc. Acquires 115 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Hantz Financial Services Inc. increased its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 7.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,654 shares of the company’s stock after purchasing an additional 115 shares during the period. Hantz Financial Services Inc.’s holdings in Mohawk Industries were worth $266,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Quest Partners LLC lifted its position 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 buying an additional 84 shares during the last quarter. 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 worth $58,000 after acquiring an additional 167 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Mohawk Industries during the second quarter valued at approximately $50,000. Capital Performance Advisors LLP purchased a new position in Mohawk Industries in the third quarter worth $73,000. Finally, AM Squared Ltd purchased a new position in Mohawk Industries in the second quarter worth $68,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MHK shares. Wells Fargo & Company raised Mohawk Industries from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $140.00 to $160.00 in a research report on Monday, October 7th. Truist Financial lowered their price target on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a report on Monday, October 28th. Royal Bank of Canada cut their price objective on shares of Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Jefferies Financial Group lifted their target price on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their price target for the company from $160.00 to $196.00 in a research note on Monday, October 21st. Five investment 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. According to MarketBeat.com, Mohawk Industries has a consensus rating of “Moderate Buy” and an average target price of $162.08.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 660 shares of Mohawk Industries stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 118,709 shares of the company’s stock, valued at $17,979,665.14. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.10% of the stock is owned by company insiders.

Mohawk Industries Stock Performance

NYSE MHK opened at $136.25 on Tuesday. Mohawk Industries, Inc. has a fifty-two week low of $90.22 and a fifty-two week high of $164.29. 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 capitalization of $8.60 billion, a P/E ratio of 15.43, a PEG ratio of 1.53 and a beta of 1.38. The stock has a 50-day simple moving average of $147.38 and a two-hundred day simple moving average of $138.17.

About Mohawk Industries

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.