Mohawk Industries, Inc. (NYSE:MHK) Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC raised its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 2.6% during the 4th quarter, Holdings Channel reports. The firm owned 13,336 shares of the company’s stock after buying an additional 336 shares during the quarter. New York Life Investment Management LLC’s holdings in Mohawk Industries were worth $1,380,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MHK. Huntington National Bank lifted its position in shares of Mohawk Industries by 36.0% in the third quarter. Huntington National Bank now owns 540 shares of the company’s stock valued at $46,000 after acquiring an additional 143 shares in the last quarter. Allworth Financial LP lifted its position in shares of Mohawk Industries by 88.1% in the fourth quarter. Allworth Financial LP now owns 521 shares of the company’s stock valued at $54,000 after acquiring an additional 244 shares in the last quarter. Signaturefd LLC lifted its position in shares of Mohawk Industries by 29.4% in the fourth quarter. Signaturefd LLC now owns 563 shares of the company’s stock valued at $58,000 after acquiring an additional 128 shares in the last quarter. Byrne Asset Management LLC purchased a new position in shares of Mohawk Industries in the fourth quarter valued at approximately $101,000. Finally, Fifth Third Bancorp lifted its position in shares of Mohawk Industries by 17.3% in the third quarter. Fifth Third Bancorp now owns 1,901 shares of the company’s stock valued at $163,000 after acquiring an additional 281 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on MHK. Barclays dropped their target price on Mohawk Industries from $122.00 to $120.00 and set an “equal weight” rating for the company in a report on Monday, April 29th. Loop Capital cut their price objective on shares of Mohawk Industries from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, April 29th. TheStreet raised shares of Mohawk Industries from a “d+” rating to a “c-” rating in a research note on Monday, March 4th. Wells Fargo & Company cut their price target on shares of Mohawk Industries from $105.00 to $100.00 and set an “underweight” rating for the company in a report on Monday, January 22nd. Finally, Truist Financial lifted their price target on shares of Mohawk Industries from $127.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Mohawk Industries presently has an average rating of “Hold” and a consensus target price of $121.33.

Insider Buying and Selling

In other Mohawk Industries news, VP Rodney David Patton sold 1,551 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $119.51, for a total value of $185,360.01. Following the completion of the transaction, the vice president now owns 15,321 shares in the company, valued at $1,831,012.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 17.10% of the company’s stock.

Mohawk Industries Stock Up 0.0 %

Mohawk Industries stock opened at $118.09 on Wednesday. Mohawk Industries, Inc. has a twelve month low of $76.02 and a twelve month high of $131.19. The stock’s fifty day simple moving average is $119.18 and its 200-day simple moving average is $105.13. The company has a current ratio of 1.83, a quick ratio of 1.02 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $7.54 billion, a P/E ratio of -18.06, a P/E/G ratio of 1.17 and a beta of 1.35.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, April 25th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.16. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.64 billion. Mohawk Industries had a negative net margin of 3.77% and a positive return on equity of 7.72%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 earnings per share. As a group, equities analysts expect that Mohawk Industries, Inc. will post 9.54 earnings per share for the current fiscal 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.