Mohawk Industries, Inc. (NYSE:MHK) Shares Acquired by TFO Wealth Partners LLC

TFO Wealth Partners LLC grew its stake in Mohawk Industries, Inc. (NYSE:MHKFree Report) by 32,500.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 652 shares of the company’s stock after purchasing an additional 650 shares during the period. TFO Wealth Partners LLC’s holdings in Mohawk Industries were worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Mohawk Industries by 14.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,459,303 shares of the company’s stock worth $254,543,000 after acquiring an additional 317,278 shares during the last quarter. JPMorgan Chase & Co. increased its position in Mohawk Industries by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 2,435,283 shares of the company’s stock worth $208,972,000 after purchasing an additional 103,813 shares during the last quarter. Ariel Investments LLC raised its stake in Mohawk Industries by 3.9% during the third quarter. Ariel Investments LLC now owns 2,059,100 shares of the company’s stock worth $176,691,000 after purchasing an additional 77,974 shares during the period. Invesco Ltd. boosted its holdings in Mohawk Industries by 9.7% in the 3rd quarter. Invesco Ltd. now owns 1,759,210 shares of the company’s stock valued at $150,958,000 after purchasing an additional 156,230 shares during the last quarter. Finally, Shapiro Capital Management LLC boosted its holdings in Mohawk Industries by 4.0% in the 3rd quarter. Shapiro Capital Management LLC now owns 1,718,687 shares of the company’s stock valued at $147,481,000 after purchasing an additional 65,934 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insiders Place Their Bets

In related news, VP Rodney David Patton sold 1,551 shares of Mohawk Industries stock in a transaction on Tuesday, March 12th. The stock was 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 directly owns 15,321 shares in the company, valued at $1,831,012.71. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 17.10% of the company’s stock.

Mohawk Industries Price Performance

NYSE MHK opened at $117.91 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $118.13 and a two-hundred day moving average of $110.46. Mohawk Industries, Inc. has a 1-year low of $76.02 and a 1-year high of $131.19.

Mohawk Industries (NYSE:MHKGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.70 by $0.16. Mohawk Industries had a negative net margin of 3.77% and a positive return on equity of 7.72%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter last year, the firm posted $1.75 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Mohawk Industries, Inc. will post 9.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on MHK. 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. StockNews.com upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. JPMorgan Chase & Co. upped their price target on Mohawk Industries from $122.00 to $124.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Deutsche Bank Aktiengesellschaft raised Mohawk Industries from a “hold” rating to a “buy” rating and raised their price objective for the stock from $98.00 to $152.00 in a research report on Monday, February 12th. Finally, Royal Bank of Canada upped their target price on shares of Mohawk Industries from $106.00 to $108.00 and gave the company a “sector perform” rating in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $121.33.

Check Out Our Latest Research Report on Mohawk Industries

About Mohawk Industries

(Free Report)

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.

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Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

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