Pzena Investment Management LLC Increases Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Pzena Investment Management LLC boosted its stake in Mohawk Industries, Inc. (NYSE:MHK) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,088,268 shares of the company’s stock after purchasing an additional 792 shares during the quarter. Pzena Investment Management LLC owned about 1.72% of Mohawk Industries worth $129,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Choreo LLC purchased a new stake in Mohawk Industries in the fourth quarter valued at approximately $258,000. Meeder Asset Management Inc. raised its stake in shares of Mohawk Industries by 8.8% during the third quarter. Meeder Asset Management Inc. now owns 84,535 shares of the company’s stock worth $13,583,000 after acquiring an additional 6,863 shares in the last quarter. Townsend & Associates Inc raised its stake in shares of Mohawk Industries by 1.2% during the fourth quarter. Townsend & Associates Inc now owns 263,143 shares of the company’s stock worth $34,382,000 after acquiring an additional 3,078 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Mohawk Industries during the fourth quarter worth approximately $997,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Mohawk Industries by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock worth $485,983,000 after acquiring an additional 74,123 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on MHK shares. Wells Fargo & Company decreased their price target on shares of Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Barclays decreased their price target on shares of Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Evercore ISI decreased their price target on shares of Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Raymond James reissued a “strong-buy” rating and set a $165.00 price target (down from $185.00) on shares of Mohawk Industries in a research note on Monday, February 10th. Finally, Truist Financial decreased their price target 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. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mohawk Industries has an average rating of “Moderate Buy” and a consensus target price of $146.92.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 4,000 shares of Mohawk Industries stock in a transaction on Monday, December 16th. The shares were sold at an average price of $126.11, for a total value of $504,440.00. Following the sale, the insider now owns 104,084 shares in the company, valued at $13,126,033.24. The trade was a 3.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 17.10% of the stock is currently owned by company insiders.

Mohawk Industries Stock Down 0.9 %

Shares of Mohawk Industries stock opened at $115.98 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. Mohawk Industries, Inc. has a 52-week low of $104.88 and a 52-week high of $164.29. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 1.44 and a beta of 1.44. The company’s 50 day moving average price is $120.96 and its 200-day moving average price is $136.15.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. Equities research 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.