Daiwa Securities Group Inc. Purchases 286 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Daiwa Securities Group Inc. grew its position in Mohawk Industries, Inc. (NYSE:MHK) by 13.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,417 shares of the company’s stock after acquiring an additional 286 shares during the period. Daiwa Securities Group Inc.’s holdings in Mohawk Industries were worth $388,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in Mohawk Industries by 2.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 73,755 shares of the company’s stock valued at $9,654,000 after purchasing an additional 2,112 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Mohawk Industries by 28.1% in the first quarter. Tidal Investments LLC now owns 12,831 shares of the company’s stock valued at $1,679,000 after buying an additional 2,816 shares in the last quarter. Swedbank AB bought a new position in shares of Mohawk Industries in the first quarter valued at about $2,340,000. GAMMA Investing LLC lifted its position in Mohawk Industries by 21.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,196 shares of the company’s stock worth $249,000 after buying an additional 389 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in Mohawk Industries by 180.3% during the 2nd quarter. Mather Group LLC. now owns 2,346 shares of the company’s stock worth $266,000 after acquiring an additional 1,509 shares during the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Mohawk Industries Stock Down 0.2 %

Shares of NYSE MHK opened at $138.83 on Friday. The firm has a 50 day moving average price of $147.82 and a 200 day moving average price of $137.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. The stock has a market cap of $8.76 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.54 and a beta of 1.38. Mohawk Industries, Inc. has a 52-week low of $86.26 and a 52-week high of $164.29.

Insider Activity

In other news, insider Suzanne L. Helen sold 660 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $17,979,665.14. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Truist Financial decreased their price objective on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Robert W. Baird upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $160.00 to $196.00 in a research report on Monday, October 21st. Royal Bank of Canada decreased their price target 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. Finally, Baird R W raised Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.08.

Mohawk Industries Company 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.