Chesapeake Capital Corp IL Purchases 720 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Chesapeake Capital Corp IL grew its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 27.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,300 shares of the company’s stock after acquiring an additional 720 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Mohawk Industries were worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC raised its holdings in Mohawk Industries by 40.0% in the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after purchasing an additional 84 shares during the period. Blue Trust Inc. raised its holdings in Mohawk Industries by 85.6% in the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after purchasing an additional 167 shares during the period. Headlands Technologies LLC bought a new position in Mohawk Industries in the 2nd quarter worth $50,000. Capital Performance Advisors LLP bought a new position in Mohawk Industries in the 3rd quarter worth $73,000. Finally, AM Squared Ltd bought a new position in Mohawk Industries in the 2nd quarter worth $68,000. 78.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on MHK. Wells Fargo & Company raised Mohawk Industries from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $140.00 to $160.00 in a report on Monday, October 7th. Royal Bank of Canada decreased their price target 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. Jefferies Financial Group raised their price target on Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Robert W. Baird raised Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their price target for the company from $160.00 to $196.00 in a report on Monday, October 21st. Finally, Loop Capital raised their price target on Mohawk Industries from $145.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 29th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.08.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 660 shares of Mohawk Industries stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the transaction, the insider now owns 118,709 shares in the company, valued at approximately $17,979,665.14. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 17.10% of the stock is currently owned by company insiders.

Mohawk Industries Trading Down 0.0 %

Shares of Mohawk Industries stock opened at $140.33 on Friday. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.54 and a beta of 1.38. The business has a 50-day moving average price of $150.79 and a 200-day moving average price of $136.53. 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, Inc. has a twelve month low of $82.71 and a twelve month high of $164.29.

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.