Mohawk Industries, Inc. (NYSE:MHK) Shares Bought by State Street Corp

State Street Corp increased its stake in Mohawk Industries, Inc. (NYSE:MHK) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,846,446 shares of the company’s stock after acquiring an additional 23,016 shares during the period. State Street Corp’s holdings in Mohawk Industries were worth $296,687,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Meeder Asset Management Inc. boosted its holdings in shares of Mohawk Industries by 8.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 84,535 shares of the company’s stock valued at $13,583,000 after purchasing an additional 6,863 shares during the last quarter. Maverick Capital Ltd. purchased a new stake in Mohawk Industries during the second quarter valued at about $1,253,000. Natixis Advisors LLC increased its stake in Mohawk Industries by 19.8% during the third quarter. Natixis Advisors LLC now owns 87,477 shares of the company’s stock worth $14,056,000 after acquiring an additional 14,480 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of Mohawk Industries by 115.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 90,784 shares of the company’s stock worth $10,312,000 after purchasing an additional 48,653 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Mohawk Industries by 4.5% in the 2nd quarter. American Century Companies Inc. now owns 914,578 shares of the company’s stock valued at $103,887,000 after purchasing an additional 39,653 shares in the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on MHK. Loop Capital dropped their target price on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. Truist Financial cut their target price on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Baird R W raised shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Robert W. Baird upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their price target for the company from $160.00 to $196.00 in a report on Monday, October 21st. Finally, Barclays reduced their price objective on Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.67.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $130.94 on Wednesday. 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 fifty-two week low of $90.79 and a fifty-two week high of $164.29. The business has a 50 day moving average price of $144.30 and a two-hundred day moving average price of $138.76. The firm has a market cap of $8.27 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.45 and a beta of 1.38.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total value of $270,960.00. Following the sale, the insider now directly owns 2,453 shares of the company’s stock, valued at $332,332.44. This represents a 44.91 % decrease in their ownership of the stock. 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.

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.