Maven Securities LTD Acquires New Stake in Mohawk Industries, Inc. (NYSE:MHK)

Maven Securities LTD bought a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,300 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new position in Mohawk Industries during the 3rd quarter worth $36,000. Quest Partners LLC grew 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 worth $33,000 after buying an additional 84 shares in the last quarter. Blue Trust Inc. grew its position in shares of Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after buying an additional 167 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of Mohawk Industries during the third quarter worth approximately $61,000. Finally, Headlands Technologies LLC acquired a new stake in Mohawk Industries in the second quarter valued at approximately $50,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Mohawk Industries Stock Performance

Shares of MHK opened at $131.39 on Friday. The company’s 50 day simple moving average is $145.98 and its 200-day simple moving average is $138.18. The firm has a market cap of $8.29 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38. Mohawk Industries, Inc. has a 12-month low of $90.79 and a 12-month high of $164.29. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total transaction of $270,960.00. Following the completion of the sale, the insider now directly owns 2,453 shares of the company’s stock, valued at approximately $332,332.44. This trade represents a 44.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on MHK. Jefferies Financial Group increased their price objective on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Robert W. Baird raised Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their target price for the company from $160.00 to $196.00 in a report on Monday, October 21st. Loop Capital decreased their price target on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday. Royal Bank of Canada dropped their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Finally, Barclays decreased their target price on Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Mohawk Industries presently has a consensus rating of “Moderate Buy” and an average price target of $161.67.

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.