Harbor Capital Advisors Inc. Purchases 1,221 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Harbor Capital Advisors Inc. lifted its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,402 shares of the company’s stock after purchasing an additional 1,221 shares during the period. Harbor Capital Advisors Inc. owned about 0.11% of Mohawk Industries worth $7,910,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC acquired a new position in Mohawk Industries in the 3rd quarter valued at approximately $36,000. Quest Partners LLC grew its stake in shares of Mohawk Industries by 40.0% in the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after purchasing an additional 84 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Mohawk Industries in the third quarter worth $55,000. Blue Trust Inc. raised its position in Mohawk Industries by 85.6% during the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after purchasing an additional 167 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in Mohawk Industries during the 3rd quarter worth about $61,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Down 0.5 %

NYSE:MHK traded down $0.54 during trading hours on Friday, hitting $117.74. 195,046 shares of the company traded hands, compared to its average volume of 563,619. Mohawk Industries, Inc. has a one year low of $96.28 and a one year high of $164.29. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.43 billion, a PE ratio of 13.33, a PEG ratio of 1.41 and a beta of 1.41. The firm’s 50-day simple moving average is $130.65 and its 200-day simple moving average is $139.26.

Analyst Upgrades and Downgrades

MHK has been the subject of several recent research reports. Robert W. Baird raised Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their price target for the company from $160.00 to $196.00 in a research note on Monday, October 21st. StockNews.com upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a report on Thursday. Wolfe Research upgraded Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a research report on Wednesday. Loop Capital cut their price target on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $151.00 to $161.00 in a research note on Friday. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.92.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 4,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the completion of the transaction, the insider now owns 104,084 shares in the company, valued at $13,126,033.24. This represents a 3.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 19,078 shares of company stock valued at $2,474,347 over the last ninety days. Corporate insiders own 17.10% 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.