Mohawk Industries, Inc. $MHK Holdings Boosted by Savant Capital LLC

Savant Capital LLC increased its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,514 shares of the company’s stock after buying an additional 4,000 shares during the quarter. Savant Capital LLC owned about 0.13% of Mohawk Industries worth $10,251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. lifted its holdings in Mohawk Industries by 7.4% in the second quarter. Invesco Ltd. now owns 1,957,197 shares of the company’s stock worth $205,192,000 after purchasing an additional 135,246 shares during the period. State Street Corp boosted its stake in shares of Mohawk Industries by 2.1% during the 2nd quarter. State Street Corp now owns 1,915,831 shares of the company’s stock valued at $200,856,000 after buying an additional 39,556 shares during the period. Massachusetts Financial Services Co. MA raised its position in Mohawk Industries by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock valued at $235,902,000 after acquiring an additional 9,516 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Mohawk Industries by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,358,212 shares of the company’s stock worth $142,124,000 after acquiring an additional 4,085 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its holdings in Mohawk Industries by 5.4% during the second quarter. Pzena Investment Management LLC now owns 1,175,775 shares of the company’s stock valued at $123,268,000 after acquiring an additional 59,831 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays set a $121.00 target price on Mohawk Industries in a report on Monday, December 8th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $150.00 price target (up previously from $140.00) on shares of Mohawk Industries in a research report on Tuesday, October 21st. Wall Street Zen lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mohawk Industries in a research note on Wednesday, January 28th. Finally, Vertical Research began coverage on shares of Mohawk Industries in a research note on Monday, October 20th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Mohawk Industries currently has a consensus rating of “Moderate Buy” and an average price target of $133.83.

Mohawk Industries Stock Performance

Shares of Mohawk Industries stock opened at $130.48 on Thursday. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $143.13. The company has a market cap of $8.07 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 3.45 and a beta of 1.23. The company has a 50 day moving average of $114.97 and a 200-day moving average of $120.07.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,700 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $109.00, for a total value of $294,300.00. Following the completion of the sale, the insider owned 67,893 shares in the company, valued at approximately $7,400,337. This trade represents a 3.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 14,985 shares of company stock worth $1,658,526. Insiders own 17.40% of the company’s stock.

About Mohawk Industries

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.