Atlas FRM LLC Buys 40,000 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Atlas FRM LLC lifted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 11.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 405,000 shares of the company's stock after acquiring an additional 40,000 shares during the period. Mohawk Industries accounts for about 4.6% of Atlas FRM LLC's portfolio, making the stock its 5th largest position. Atlas FRM LLC owned approximately 0.64% of Mohawk Industries worth $48,248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MHK. Northern Trust Corp increased its stake in Mohawk Industries by 5.4% during the 4th quarter. Northern Trust Corp now owns 507,474 shares of the company's stock valued at $60,455,000 after purchasing an additional 26,075 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in Mohawk Industries by 1,472.1% during the 4th quarter. Tudor Investment Corp ET AL now owns 43,941 shares of the company's stock valued at $5,235,000 after purchasing an additional 41,146 shares in the last quarter. Boothbay Fund Management LLC increased its stake in Mohawk Industries by 1.4% during the 4th quarter. Boothbay Fund Management LLC now owns 72,474 shares of the company's stock valued at $8,634,000 after purchasing an additional 1,002 shares in the last quarter. Nebula Research & Development LLC increased its stake in Mohawk Industries by 56.1% during the 4th quarter. Nebula Research & Development LLC now owns 2,280 shares of the company's stock valued at $272,000 after purchasing an additional 819 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of Mohawk Industries by 7.3% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,604 shares of the company's stock valued at $2,096,000 after purchasing an additional 1,194 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company's stock.

Analyst Upgrades and Downgrades

MHK has been the subject of a number of recent analyst reports. Loop Capital reduced their price objective on shares of Mohawk Industries from $180.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Wells Fargo & Company cut their target price on Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Truist Financial cut their target price on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. cut their target price on Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Mohawk Industries in a research note on Tuesday, April 1st. They issued a "hold" rating and a $121.00 target price on the stock. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Mohawk Industries has a consensus rating of "Moderate Buy" and a consensus target price of $142.57.

Mohawk Industries Trading Down 0.1 %

NYSE:MHK opened at $106.81 on Tuesday. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $6.68 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. The firm's 50 day moving average is $111.03 and its 200 day moving average is $124.13. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the sale, the insider now owns 93,584 shares of the company's stock, valued at $10,616,168.96. The trade was a 10.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 17.40% 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.

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