Swiss National Bank Has $12.57 Million Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Swiss National Bank cut its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,500 shares of the company’s stock after selling 500 shares during the period. Swiss National Bank owned 0.17% of Mohawk Industries worth $12,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. PFG Advisors bought a new position in Mohawk Industries in the fourth quarter valued at approximately $238,000. Daiwa Securities Group Inc. lifted its stake in shares of Mohawk Industries by 16.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,814 shares of the company’s stock valued at $335,000 after purchasing an additional 397 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Mohawk Industries by 10.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,652 shares of the company’s stock worth $1,626,000 after purchasing an additional 1,345 shares during the last quarter. Amundi grew its stake in shares of Mohawk Industries by 117.4% during the fourth quarter. Amundi now owns 331,750 shares of the company’s stock worth $39,239,000 after purchasing an additional 179,121 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Mohawk Industries by 6.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,959 shares of the company’s stock valued at $1,186,000 after purchasing an additional 569 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MHK. Bank of America decreased their target price on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research report on Wednesday, January 8th. Truist Financial decreased their price objective on Mohawk Industries from $155.00 to $148.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Evercore ISI dropped their target price on shares of Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Finally, Barclays reduced their price target on shares of Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $146.92.

Mohawk Industries Trading Up 0.3 %

Shares of Mohawk Industries stock opened at $114.57 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The firm has a 50-day moving average of $120.33 and a 200-day moving average of $134.01. Mohawk Industries, Inc. has a 52-week low of $104.88 and a 52-week high of $164.29. The stock has a market cap of $7.17 billion, a PE ratio of 14.09, a PEG ratio of 1.44 and a beta of 1.44.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. As a group, sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the sale, the insider now owns 93,584 shares of the company’s stock, valued at approximately $10,616,168.96. The trade was a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 17.10% of the company’s stock.

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.