Olympiad Research LP Acquires New Position in Mohawk Industries, Inc. (NYSE:MHK)

Olympiad Research LP acquired a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,887 shares of the company’s stock, valued at approximately $303,000.

Other hedge funds also recently made changes to their positions in the company. Quest Partners LLC grew its stake in shares of Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after acquiring an additional 84 shares during the period. Headlands Technologies LLC bought a new position in shares of Mohawk Industries during the 2nd quarter valued at approximately $50,000. Blue Trust Inc. boosted its stake in Mohawk Industries by 85.6% in the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after purchasing an additional 167 shares during the period. AM Squared Ltd bought a new position in Mohawk Industries in the 2nd quarter worth approximately $68,000. Finally, Allworth Financial LP boosted its stake in Mohawk Industries by 20.6% in the 3rd quarter. Allworth Financial LP now owns 626 shares of the company’s stock worth $101,000 after purchasing an additional 107 shares during the period. 78.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MHK has been the subject of several recent analyst reports. Barclays dropped their price target on Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. upped their price target on Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. The Goldman Sachs Group upped their price target on Mohawk Industries from $141.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Truist Financial dropped their price target on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Finally, Royal Bank of Canada dropped their price target on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a research note on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Mohawk Industries has a consensus rating of “Moderate Buy” and a consensus price target of $162.08.

Mohawk Industries Stock Performance

NYSE:MHK opened at $145.07 on Friday. The stock’s fifty day moving average is $151.85 and its 200 day moving average is $135.16. Mohawk Industries, Inc. has a fifty-two week low of $78.30 and a fifty-two week high of $164.29. The firm has a market capitalization of $9.16 billion, a PE ratio of 16.43, a PEG ratio of 1.50 and a beta of 1.38. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 660 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the sale, the insider now owns 118,709 shares in the company, valued at approximately $17,979,665.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the transaction, the insider now owns 118,709 shares of the company’s stock, valued at $17,979,665.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Suzanne L. Helen sold 2,300 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $151.15, for a total value of $347,645.00. Following the completion of the transaction, the insider now directly owns 119,369 shares in the company, valued at $18,042,624.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 17.10% of the stock is currently owned by insiders.

Mohawk Industries 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.