Mohawk Industries, Inc. (NYSE:MHK) Shares Purchased by Centiva Capital LP

Centiva Capital LP boosted its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 1,610.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,703 shares of the company's stock after acquiring an additional 21,376 shares during the period. Centiva Capital LP's holdings in Mohawk Industries were worth $2,705,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MHK. Vanguard Group Inc. boosted its stake in Mohawk Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,229,786 shares of the company's stock worth $742,154,000 after purchasing an additional 20,327 shares during the period. JPMorgan Chase & Co. raised its position in Mohawk Industries by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 3,215,616 shares of the company's stock valued at $383,076,000 after purchasing an additional 191,077 shares in the last quarter. Invesco Ltd. increased its position in shares of Mohawk Industries by 16.3% during the fourth quarter. Invesco Ltd. now owns 1,725,383 shares of the company's stock valued at $205,545,000 after buying an additional 241,448 shares during the period. Massachusetts Financial Services Co. MA raised its position in Mohawk Industries by 35.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,366,517 shares of the company's stock worth $162,793,000 after buying an additional 354,656 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Mohawk Industries by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,298,260 shares of the company's stock valued at $154,488,000 after purchasing an additional 22,736 shares during the period. 78.98% of the stock is owned by institutional investors.

Mohawk Industries Stock Performance

Shares of Mohawk Industries stock opened at $101.47 on Tuesday. The firm's 50-day moving average is $109.82 and its 200 day moving average is $122.21. 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 1 year low of $96.24 and a 1 year high of $164.29. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 1.44 and a beta of 1.24.

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

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 10,500 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 93,584 shares in the company, valued at $10,616,168.96. This trade represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 17.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Evercore ISI lowered their price objective on Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a research note on Monday, February 10th. Bank of America lowered their price target on Mohawk Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft started coverage on Mohawk Industries in a report on Tuesday, April 1st. They issued a "hold" rating and a $121.00 price target for the company. Finally, Truist Financial cut their target price on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Mohawk Industries currently has a consensus rating of "Moderate Buy" and an average price target of $141.21.

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.

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