Steward Partners Investment Advisory LLC Acquires 746 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Steward Partners Investment Advisory LLC grew its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 136.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,294 shares of the company’s stock after buying an additional 746 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Mohawk Industries were worth $154,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. FMR LLC grew its stake in shares of Mohawk Industries by 52.3% in the 3rd quarter. FMR LLC now owns 2,179,510 shares of the company’s stock valued at $350,204,000 after buying an additional 748,070 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Mohawk Industries by 33.7% in the third 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in Mohawk Industries by 2.5% in 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. BNP Paribas Financial Markets grew its stake in Mohawk Industries by 111.1% in the third quarter. BNP Paribas Financial Markets now owns 129,186 shares of the company’s stock valued at $20,758,000 after acquiring an additional 67,990 shares during the period. Finally, Bank of Montreal Can grew its position in Mohawk Industries by 64.6% in the 3rd quarter. Bank of Montreal Can now owns 139,867 shares of the company’s stock valued at $22,212,000 after purchasing an additional 54,914 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on MHK shares. Loop Capital lowered their price objective on shares of Mohawk Industries from $180.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group lowered their target price on shares of Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Barclays decreased their price target on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Evercore ISI dropped their price objective on 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. Finally, Robert W. Baird reduced their target price on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and a consensus price target of $146.92.

Insider Activity

In other news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $113.44, for a total value of $1,191,120.00. Following the completion of the transaction, the insider now owns 93,584 shares in the company, valued at $10,616,168.96. This trade represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 17.10% of the company’s stock.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $114.39 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The firm has a market cap of $7.16 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 1.44 and a beta of 1.44. Mohawk Industries, Inc. has a 52 week low of $104.88 and a 52 week high of $164.29. The firm’s 50-day simple moving average is $120.51 and its two-hundred day simple moving average is $134.71.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. As a group, equities analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

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.