Mohawk Industries, Inc. (NYSE:MHK) Position Increased by Parkside Investments LLC

Parkside Investments LLC grew its position in Mohawk Industries, Inc. (NYSE:MHK) by 40.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,000 shares of the company’s stock after buying an additional 2,000 shares during the quarter. Parkside Investments LLC’s holdings in Mohawk Industries were worth $834,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MHK. JPMorgan Chase & Co. boosted its stake in Mohawk Industries by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock worth $485,983,000 after purchasing an additional 74,123 shares during the period. FMR LLC boosted its position in shares of Mohawk Industries by 52.3% in the third quarter. FMR LLC now owns 2,179,510 shares of the company’s stock worth $350,204,000 after buying an additional 748,070 shares during the period. State Street Corp grew its holdings in shares of Mohawk Industries by 1.3% during the third quarter. State Street Corp now owns 1,846,446 shares of the company’s stock valued at $296,687,000 after buying an additional 23,016 shares in the last quarter. Brandes Investment Partners LP raised its position in Mohawk Industries by 10.5% during the second quarter. Brandes Investment Partners LP now owns 1,015,640 shares of the company’s stock valued at $115,057,000 after buying an additional 96,174 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Mohawk Industries by 33.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company’s stock worth $162,586,000 after acquiring an additional 254,779 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Trading Down 4.1 %

Shares of MHK stock opened at $125.42 on Monday. Mohawk Industries, Inc. has a 12 month low of $97.45 and a 12 month high of $164.29. The company has a market cap of $7.92 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 1.27 and a beta of 1.41. 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 business’s 50 day moving average is $127.49 and its two-hundred day moving average is $141.02.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MHK shares. Loop Capital reduced their price target on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. Wolfe Research upgraded shares of Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research report on Wednesday, January 8th. StockNews.com upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st. Royal Bank of Canada cut their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $151.00 to $161.00 in a research note on Friday, January 10th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mohawk Industries currently has an average rating of “Moderate Buy” and an average target price of $155.00.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 9,078 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total transaction of $1,187,947.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 19,078 shares of company stock valued at $2,474,347. Company insiders own 17.10% of the company’s stock.

About Mohawk Industries

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.