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Goldman Sachs Group Inc. Grows Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Mohawk Industries logo with Consumer Discretionary background

Goldman Sachs Group Inc. increased its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 48.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 302,889 shares of the company's stock after acquiring an additional 98,920 shares during the period. Goldman Sachs Group Inc. owned about 0.48% of Mohawk Industries worth $31,349,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MHK. Quarry LP boosted its holdings in shares of Mohawk Industries by 70.4% in the 4th quarter. Quarry LP now owns 421 shares of the company's stock valued at $44,000 after buying an additional 174 shares during the last quarter. Allworth Financial LP increased its stake in shares of Mohawk Industries by 88.1% during the 4th quarter. Allworth Financial LP now owns 521 shares of the company's stock worth $54,000 after purchasing an additional 244 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Mohawk Industries by 29.4% in the 4th quarter. Signaturefd LLC now owns 563 shares of the company's stock valued at $58,000 after purchasing an additional 128 shares during the period. TFO Wealth Partners LLC lifted its stake in Mohawk Industries by 32,500.0% in the 4th quarter. TFO Wealth Partners LLC now owns 652 shares of the company's stock valued at $67,000 after purchasing an additional 650 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new position in Mohawk Industries during the fourth quarter worth about $101,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Suzanne L. Helen sold 1,800 shares of Mohawk Industries stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $111.74, for a total value of $201,132.00. Following the completion of the sale, the insider now directly owns 122,369 shares in the company, valued at $13,673,512.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 17.10% of the stock is owned by company insiders.


Mohawk Industries Price Performance

Shares of NYSE MHK traded up $1.65 during midday trading on Friday, reaching $113.00. The company's stock had a trading volume of 1,042,439 shares, compared to its average volume of 525,246. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.02 and a current ratio of 1.83. Mohawk Industries, Inc. has a fifty-two week low of $76.02 and a fifty-two week high of $131.19. The business's 50 day moving average price is $115.67 and its two-hundred day moving average price is $112.83. The company has a market cap of $7.22 billion, a P/E ratio of -17.28, a P/E/G ratio of 1.10 and a beta of 1.40.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.16. Mohawk Industries had a negative net margin of 3.77% and a positive return on equity of 7.72%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the business earned $1.75 earnings per share. The firm's quarterly revenue was down 4.5% on a year-over-year basis. On average, analysts forecast that Mohawk Industries, Inc. will post 9.68 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on MHK shares. JPMorgan Chase & Co. raised their price objective on Mohawk Industries from $122.00 to $124.00 and gave the company a "neutral" rating in a research report on Friday, May 3rd. TheStreet upgraded shares of Mohawk Industries from a "d+" rating to a "c-" rating in a report on Monday, March 4th. Barclays cut their target price on shares of Mohawk Industries from $122.00 to $120.00 and set an "equal weight" rating for the company in a research note on Monday, April 29th. Loop Capital reduced their target price on shares of Mohawk Industries from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday, April 29th. Finally, Truist Financial increased their price target on shares of Mohawk Industries from $127.00 to $140.00 and gave the company a "buy" rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $123.20.

View Our Latest Research Report on MHK

About Mohawk Industries

(Free Report)

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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Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

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