Pzena Investment Management LLC Increases Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Pzena Investment Management LLC raised its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,088,268 shares of the company’s stock after buying an additional 792 shares during the quarter. Pzena Investment Management LLC’s holdings in Mohawk Industries were worth $129,645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its position in Mohawk Industries by 7.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company’s stock worth $266,000 after buying an additional 115 shares during the last quarter. Contravisory Investment Management Inc. raised its position in Mohawk Industries by 2.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company’s stock worth $680,000 after buying an additional 121 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Mohawk Industries by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company’s stock worth $819,000 after buying an additional 130 shares during the last quarter. US Bancorp DE raised its position in Mohawk Industries by 3.9% in the 3rd quarter. US Bancorp DE now owns 3,920 shares of the company’s stock worth $630,000 after buying an additional 146 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in Mohawk Industries by 11.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,518 shares of the company’s stock worth $244,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MHK. StockNews.com raised Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Monday. Truist Financial decreased their target price on Mohawk Industries from $155.00 to $148.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their price target on shares of Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Finally, Evercore ISI reduced their target price on shares of Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating for the company in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $146.92.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 4,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the completion of the sale, the insider now directly owns 104,084 shares in the company, valued at $13,126,033.24. This trade represents a 3.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.10% of the stock is owned by corporate insiders.

Mohawk Industries Stock Down 0.9 %

NYSE MHK opened at $115.98 on Tuesday. The company has a market capitalization of $7.26 billion, a P/E ratio of 14.27, a P/E/G ratio of 1.44 and a beta of 1.44. The stock has a 50 day moving average price of $120.96 and a 200-day moving average price of $136.15. Mohawk Industries, Inc. has a one year low of $104.88 and a one year high of $164.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. As a group, equities analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

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.