Mohawk Industries, Inc. (NYSE:MHK) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd boosted its position in Mohawk Industries, Inc. (NYSE:MHK) by 28.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,665 shares of the company’s stock after purchasing an additional 593 shares during the quarter. XTX Topco Ltd’s holdings in Mohawk Industries were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. iSAM Funds UK Ltd acquired a new position in Mohawk Industries in the 3rd quarter valued at about $373,000. National Bank of Canada FI raised its stake in Mohawk Industries by 82.1% in the 3rd quarter. National Bank of Canada FI now owns 26,984 shares of the company’s stock valued at $4,336,000 after purchasing an additional 12,164 shares during the last quarter. Castleark Management LLC acquired a new position in shares of Mohawk Industries during the 3rd quarter valued at about $3,127,000. EP Wealth Advisors LLC purchased a new position in shares of Mohawk Industries during the 3rd quarter worth about $205,000. Finally, Weiss Asset Management LP purchased a new position in shares of Mohawk Industries during the 3rd quarter worth about $1,631,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total value of $270,960.00. Following the completion of the sale, the insider now owns 2,453 shares of the company’s stock, valued at $332,332.44. This trade represents a 44.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.10% of the stock is owned by corporate insiders.

Mohawk Industries Stock Down 2.0 %

Shares of NYSE:MHK opened at $127.81 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 52-week low of $96.28 and a 52-week high of $164.29. The company has a 50 day moving average of $142.63 and a two-hundred day moving average of $138.89. The company has a market capitalization of $8.07 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 1.45 and a beta of 1.38.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wells Fargo & Company upgraded shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $140.00 to $160.00 in a report on Monday, October 7th. Truist Financial cut their price objective on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Loop Capital cut their price objective on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, December 4th. Royal Bank of Canada cut their price objective on shares of 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, Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Mohawk Industries has an average rating of “Moderate Buy” and an average target price of $161.25.

About Mohawk Industries

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.