Tabor Asset Management LP Boosts Stake in Mohawk Industries, Inc. (NYSE:MHK)

Tabor Asset Management LP boosted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 10.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,853 shares of the company’s stock after acquiring an additional 8,108 shares during the period. Mohawk Industries accounts for about 6.8% of Tabor Asset Management LP’s portfolio, making the stock its biggest position. Tabor Asset Management LP owned about 0.14% of Mohawk Industries worth $14,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC increased its stake in 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 during the period. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Mohawk Industries in the 3rd quarter valued at $36,000. Headlands Technologies LLC acquired a new stake in shares of Mohawk Industries in the 2nd quarter valued at $50,000. Blue Trust Inc. boosted its holdings in shares of Mohawk Industries by 85.6% in the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after purchasing an additional 167 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of Mohawk Industries in the 3rd quarter valued at $61,000. Institutional investors own 78.98% of the company’s stock.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,000 shares of Mohawk Industries stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total value of $270,960.00. Following the completion of the transaction, 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 SEC, which is accessible through this link. Corporate insiders own 17.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Baird R W raised Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Royal Bank of Canada reduced their target price 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. Loop Capital reduced their target price on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays cut their price objective on Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Finally, Robert W. Baird raised Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $160.00 to $196.00 in a report on Monday, October 21st. Five equities 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.67.

Mohawk Industries Stock Up 0.1 %

Shares of MHK opened at $131.39 on Friday. The company has a market capitalization of $8.29 billion, a PE ratio of 14.88, a PEG 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 stock’s 50-day moving average price is $145.98 and its two-hundred day moving average price is $138.18. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22.

Mohawk Industries 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.