Oak Thistle LLC Buys 2,979 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Oak Thistle LLC increased its stake in Mohawk Industries, Inc. (NYSE:MHK) by 50.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,848 shares of the company’s stock after purchasing an additional 2,979 shares during the quarter. Oak Thistle LLC’s holdings in Mohawk Industries were worth $1,054,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Quest Partners LLC raised its stake in shares of Mohawk Industries by 40.0% in the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after buying an additional 84 shares during the period. Mark Sheptoff Financial Planning LLC bought a new stake in Mohawk Industries in the 3rd quarter valued at about $36,000. Wilmington Savings Fund Society FSB bought a new position in Mohawk Industries during the third quarter worth about $55,000. Blue Trust Inc. increased its stake in shares of 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 in the last quarter. Finally, True Wealth Design LLC bought a new stake in shares of Mohawk Industries in the third quarter valued at approximately $61,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MHK shares. Wolfe Research upgraded shares of Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research note on Wednesday, January 8th. Royal Bank of Canada decreased their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. The Goldman Sachs Group cut their target price on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday. StockNews.com upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. Finally, Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $160.00 to $196.00 in a research report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $155.85.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 4,000 shares of Mohawk Industries stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $126.11, for a total transaction of $504,440.00. Following the completion of the sale, the insider now owns 104,084 shares of the company’s stock, valued at $13,126,033.24. The trade was a 3.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 19,078 shares of company stock worth $2,474,347. Corporate insiders own 17.10% of the company’s stock.

Mohawk Industries Price Performance

Shares of NYSE:MHK opened at $130.08 on Thursday. The company’s fifty day moving average price is $129.39 and its 200-day moving average price is $139.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.41 and a beta of 1.41. Mohawk Industries, Inc. has a one year low of $96.28 and a one year high of $164.29.

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.