Rodgers Brothers Inc. Acquires 250 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Rodgers Brothers Inc. grew its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,500 shares of the company’s stock after purchasing an additional 250 shares during the quarter. Rodgers Brothers Inc.’s holdings in Mohawk Industries were worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC bought a new stake in shares of Mohawk Industries during the 3rd quarter worth about $1,935,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Mohawk Industries by 15.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,307 shares of the company’s stock valued at $1,977,000 after purchasing an additional 1,685 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Mohawk Industries by 2.2% in the third quarter. Public Sector Pension Investment Board now owns 9,165 shares of the company’s stock valued at $1,473,000 after purchasing an additional 200 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Mohawk Industries by 7.5% in the third 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. Finally, Captrust Financial Advisors lifted its position in Mohawk Industries by 95.2% during the 3rd quarter. Captrust Financial Advisors now owns 4,756 shares of the company’s stock worth $764,000 after acquiring an additional 2,319 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Stock Performance

Shares of NYSE:MHK opened at $114.29 on Tuesday. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 1.44 and a beta of 1.44. The firm’s 50 day simple moving average is $118.70 and its 200 day simple moving average is $131.93. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. Mohawk Industries, Inc. has a fifty-two week low of $104.88 and a fifty-two week high of $164.29.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Truist Financial dropped their target price on shares of Mohawk Industries from $155.00 to $148.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Robert W. Baird decreased their price objective on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. dropped their target price on shares of Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Barclays lowered their target price on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Finally, Raymond James restated a “strong-buy” rating and issued a $165.00 price objective (down previously from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Six 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 MarketBeat, Mohawk Industries presently has an average rating of “Moderate Buy” and an average price target of $146.92.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 10,500 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $113.44, for a total value of $1,191,120.00. Following the completion of the transaction, the insider now directly owns 93,584 shares in the company, valued at approximately $10,616,168.96. The trade was a 10.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 17.10% of the company’s stock.

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.