Nissay Asset Management Corp Japan ADV reduced its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,022 shares of the company’s stock after selling 352 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Mohawk Industries were worth $990,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Koshinski Asset Management Inc. bought a new position in Mohawk Industries during the 4th quarter worth approximately $157,000. Convergence Investment Partners LLC acquired a new stake in Mohawk Industries in the fourth quarter worth $119,000. Boston Common Asset Management LLC raised its holdings in Mohawk Industries by 21.5% in the fourth quarter. Boston Common Asset Management LLC now owns 105,287 shares of the company’s stock worth $14,840,000 after purchasing an additional 18,644 shares during the period. Ellevest Inc. bought a new position in shares of Mohawk Industries during the fourth quarter worth $39,000. Finally, UMB Bank N A MO increased its position in shares of Mohawk Industries by 34.5% in the 4th quarter. UMB Bank N A MO now owns 4,215 shares of the company’s stock valued at $594,000 after buying an additional 1,082 shares in the last quarter. 74.01% of the stock is owned by institutional investors.
A number of research analysts have issued reports on MHK shares. Royal Bank of Canada boosted their target price on Mohawk Industries from $111.00 to $131.00 and gave the company an “underperform” rating in a research note on Tuesday, February 16th. UBS Group began coverage on Mohawk Industries in a research report on Tuesday, December 8th. They issued a “neutral” rating and a $134.00 price objective for the company. Truist raised their target price on shares of Mohawk Industries from $155.00 to $220.00 in a report on Tuesday, February 16th. Credit Suisse Group upgraded shares of Mohawk Industries from an “underperform” rating to a “neutral” rating and upped their price target for the company from $114.00 to $180.00 in a report on Thursday, February 18th. Finally, Barclays raised their price objective on shares of Mohawk Industries from $160.00 to $191.00 and gave the stock an “overweight” rating in a report on Tuesday, February 16th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Mohawk Industries presently has a consensus rating of “Hold” and a consensus target price of $137.00.
Mohawk Industries stock opened at $173.70 on Tuesday. The company has a market cap of $12.37 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 2.44 and a beta of 1.54. The firm has a 50-day moving average of $152.63 and a 200-day moving average of $121.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.16 and a quick ratio of 1.39. Mohawk Industries, Inc. has a one year low of $56.62 and a one year high of $178.19.
Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, February 11th. The company reported $3.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.66. Mohawk Industries had a return on equity of 6.74% and a net margin of 5.70%. As a group, sell-side analysts expect that Mohawk Industries, Inc. will post 8.15 earnings per share for the current year.
Mohawk Industries Company Profile
Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).
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