UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in Mohawk Industries, Inc. (NYSE:MHK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,802 shares of the company's stock after buying an additional 20,455 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.31% of Mohawk Industries worth $22,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Magnetar Financial LLC raised its holdings in Mohawk Industries by 353.1% in the 4th quarter. Magnetar Financial LLC now owns 39,108 shares of the company's stock worth $4,659,000 after purchasing an additional 30,477 shares during the period. Sei Investments Co. raised its holdings in Mohawk Industries by 46.3% in the 4th quarter. Sei Investments Co. now owns 91,586 shares of the company's stock worth $10,911,000 after purchasing an additional 28,998 shares during the period. Choreo LLC bought a new position in Mohawk Industries in the 4th quarter worth $258,000. Townsend & Associates Inc lifted its position in shares of Mohawk Industries by 1.2% during the 4th quarter. Townsend & Associates Inc now owns 263,143 shares of the company's stock valued at $34,382,000 after buying an additional 3,078 shares in the last quarter. Finally, Sciencast Management LP grew its stake in shares of Mohawk Industries by 59.1% during the 4th quarter. Sciencast Management LP now owns 6,088 shares of the company's stock valued at $725,000 after acquiring an additional 2,262 shares during the period. 78.98% of the stock is owned by institutional investors.

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 that occurred on Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the completion of the transaction, the insider now owns 93,584 shares in the company, valued at $10,616,168.96. The trade was a 10.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 17.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MHK. Loop Capital decreased their target price on shares of Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Barclays reduced their price objective on shares of Mohawk Industries from $115.00 to $111.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Truist Financial reduced their price objective on shares of Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. cut their price target on Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company cut their price target on Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Seven equities 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $140.00.

Mohawk Industries Trading Down 1.5%

MHK traded down $1.58 on Friday, hitting $100.55. The company had a trading volume of 777,440 shares, compared to its average volume of 755,290. The company has a market cap of $6.29 billion, a PE ratio of 12.37, a PEG ratio of 1.44 and a beta of 1.24. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $164.29. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The business's fifty day simple moving average is $106.20 and its 200 day simple moving average is $117.84.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.41 by $0.11. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.56 billion. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. The firm's revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the business posted $1.86 earnings per share. Equities research analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Mohawk Industries 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.