Mohawk Industries, Inc. (NYSE:MHK) Shares Purchased by Holocene Advisors LP

Holocene Advisors LP grew its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 16.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 168,327 shares of the company’s stock after buying an additional 23,859 shares during the period. Holocene Advisors LP’s holdings in Mohawk Industries were worth $27,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quest Partners LLC raised its stake in 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 in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Mohawk Industries during the third quarter valued at $36,000. Headlands Technologies LLC bought a new stake in shares of Mohawk Industries during the second quarter valued at about $50,000. Blue Trust Inc. lifted its holdings in Mohawk Industries by 85.6% in the third 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. Finally, True Wealth Design LLC bought a new position in Mohawk Industries in the 3rd quarter valued at about $61,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MHK. Jefferies Financial Group upped their price target on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company raised Mohawk Industries from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $140.00 to $160.00 in a research note on Monday, October 7th. Baird R W upgraded Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Robert W. Baird upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $160.00 to $196.00 in a report on Monday, October 21st. Finally, Royal Bank of Canada lowered their target price on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a report 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 stock. According to MarketBeat, Mohawk Industries presently has a consensus rating of “Moderate Buy” and an average target price of $162.08.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 660 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the sale, the insider now owns 118,709 shares in the company, valued at approximately $17,979,665.14. This represents a 0.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.10% of the stock is currently owned by insiders.

Mohawk Industries Trading Down 1.9 %

Shares of MHK opened at $136.25 on Tuesday. The business’s 50-day moving average price is $147.38 and its 200 day moving average price is $138.17. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $8.60 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.53 and a beta of 1.38. Mohawk Industries, Inc. has a 1-year low of $90.22 and a 1-year high of $164.29.

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.