Nomura Holdings Inc. Buys Shares of 28,882 Mohawk Industries, Inc. (NYSE:MHK)

Nomura Holdings Inc. purchased a new stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,882 shares of the company's stock, valued at approximately $3,441,000.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Mohawk Industries by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,229,786 shares of the company's stock worth $742,154,000 after buying an additional 20,327 shares during the period. JPMorgan Chase & Co. increased its position in shares of Mohawk Industries by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 3,215,616 shares of the company's stock worth $383,076,000 after buying an additional 191,077 shares during the period. 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 worth $205,545,000 after buying an additional 241,448 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Mohawk Industries by 35.0% during the fourth 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 period. Finally, Geode Capital Management LLC increased its position in shares of Mohawk Industries by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,298,260 shares of the company's stock worth $154,488,000 after buying an additional 22,736 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on MHK. Evercore ISI reduced their price target on shares of Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a report on Monday, February 10th. Truist Financial dropped their price objective on shares of Mohawk Industries from $155.00 to $148.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. StockNews.com lowered shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Royal Bank of Canada dropped their price objective on shares of Mohawk Industries from $130.00 to $119.00 and set a "sector perform" rating on the stock in a research note on Monday, May 5th. Finally, Robert W. Baird dropped their price objective on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 10,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 93,584 shares of the company's stock, valued at approximately $10,616,168.96. The trade was a 10.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.40% of the stock is owned by insiders.

Mohawk Industries Stock Down 0.6%

Shares of MHK traded down $0.60 during trading hours on Monday, reaching $107.57. 554,340 shares of the stock traded hands, compared to its average volume of 755,466. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $164.29. The stock has a fifty day simple moving average of $108.11 and a 200 day simple moving average of $119.95. 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 company has a market cap of $6.73 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 1.44 and a beta of 1.24.

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

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.