Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Mohawk Industries, Inc. (NYSE:MHK – Get Rating) by 13.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,095 shares of the company’s stock after purchasing an additional 4,133 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.06% of Mohawk Industries worth $3,750,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of MHK. PNC Financial Services Group Inc. increased its stake in Mohawk Industries by 4.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,953 shares of the company’s stock valued at $615,000 after purchasing an additional 224 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Mohawk Industries during the 1st quarter valued at $1,043,000. MetLife Investment Management LLC grew its holdings in Mohawk Industries by 23.2% during the 1st quarter. MetLife Investment Management LLC now owns 14,929 shares of the company’s stock valued at $1,854,000 after buying an additional 2,809 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in Mohawk Industries by 98.7% during the 1st quarter. Panagora Asset Management Inc. now owns 10,628 shares of the company’s stock valued at $1,320,000 after buying an additional 5,280 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Mohawk Industries by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,341 shares of the company’s stock valued at $912,000 after buying an additional 455 shares during the last quarter. 75.85% of the stock is owned by hedge funds and other institutional investors.
Mohawk Industries Stock Performance
Shares of Mohawk Industries stock opened at $99.03 on Friday. Mohawk Industries, Inc. has a twelve month low of $87.01 and a twelve month high of $156.10. The company has a current ratio of 1.83, a quick ratio of 1.00 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average price is $98.35 and its 200 day moving average price is $103.14.
Insider Activity at Mohawk Industries
In other Mohawk Industries news, insider Suzanne L. Helen sold 4,250 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $103.23, for a total value of $438,727.50. Following the transaction, the insider now directly owns 13,453 shares of the company’s stock, valued at $1,388,753.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mohawk Industries news, insider Suzanne L. Helen sold 2,700 shares of the firm’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $116.40, for a total value of $314,280.00. Following the transaction, the insider now directly owns 14,353 shares of the company’s stock, valued at $1,670,689.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Suzanne L. Helen sold 4,250 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $103.23, for a total value of $438,727.50. Following the completion of the transaction, the insider now directly owns 13,453 shares in the company, valued at $1,388,753.19. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,150 shares of company stock worth $1,374,876. 17.20% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Barclays increased their target price on Mohawk Industries from $83.00 to $105.00 and gave the company an “underweight” rating in a report on Monday, February 13th. Bank of America lowered their target price on Mohawk Industries from $110.00 to $108.00 and set an “underperform” rating on the stock in a report on Wednesday, April 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Mohawk Industries from $104.00 to $121.00 and gave the stock a “hold” rating in a report on Tuesday, January 10th. Credit Suisse Group decreased their price objective on Mohawk Industries from $109.00 to $103.00 in a report on Monday, March 20th. Finally, StockNews.com assumed coverage on Mohawk Industries in a report on Thursday, March 16th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $123.08.
About Mohawk Industries
Mohawk Industries, Inc engages in the manufacture, design, and distribution of residential and commercial flooring products. It operates through the following segments: Global Ceramic, Flooring North America (NA), and Flooring Rest of the World (ROW). The Global Ceramic segment manufactures ceramic, porcelain, and natural stone tile products used for wall and floor applications.
Featured Stories
- Get a free copy of the StockNews.com research report on Mohawk Industries (MHK)
- Investors Are Barking Up The Right Tree With Datadog
- How to Invest in Central Bank Digital Currency
- Kellogg Company Looks GRRR-eat! At These Levels
- PacWest, First Horizon Shares Plummet On Continued Bank Worries
- Yum! Brands Pulls Back To More Appetizing Levels
Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter.
