Nomura Asset Management Co. Ltd. Purchases 161 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Nomura Asset Management Co. Ltd. grew its position in Mohawk Industries, Inc. (NYSE:MHK) by 11.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,518 shares of the company’s stock after acquiring an additional 161 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Mohawk Industries were worth $244,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MHK. Signaturefd LLC grew its stake in Mohawk Industries by 12.5% in the third quarter. Signaturefd LLC now owns 683 shares of the company’s stock valued at $110,000 after acquiring an additional 76 shares during the period. Quest Partners LLC grew its position in shares of Mohawk Industries by 40.0% in the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after purchasing an additional 84 shares during the period. State of Michigan Retirement System increased its stake in Mohawk Industries by 0.7% during the 2nd quarter. State of Michigan Retirement System now owns 14,545 shares of the company’s stock worth $1,652,000 after purchasing an additional 100 shares in the last quarter. Allworth Financial LP raised its holdings in Mohawk Industries by 20.6% during the 3rd quarter. Allworth Financial LP now owns 626 shares of the company’s stock worth $101,000 after buying an additional 107 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in Mohawk Industries by 7.5% in the third quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company’s stock valued at $266,000 after buying an additional 115 shares in the last quarter. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

NYSE MHK opened at $127.81 on Monday. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average price is $142.63 and its two-hundred day moving average price is $139.05. Mohawk Industries, Inc. has a 1 year low of $96.28 and a 1 year high of $164.29. The firm has a market capitalization of $8.07 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 1.45 and a beta of 1.38.

Analyst Upgrades and Downgrades

MHK has been the subject of several research reports. 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. Royal Bank of Canada dropped their price target on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Loop Capital cut their price target on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, December 4th. Jefferies Financial Group increased their price objective on Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company upgraded Mohawk Industries from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $140.00 to $160.00 in a research note on Monday, October 7th. Five investment 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.25.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total value of $270,960.00. Following the sale, the insider now owns 2,453 shares in the company, valued at $332,332.44. This represents a 44.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 17.10% of the stock is currently owned by company insiders.

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.