BNP PARIBAS ASSET MANAGEMENT Holding S.A. Invests $202,000 in Mohawk Industries, Inc. (NYSE:MHK)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Mohawk Industries, Inc. (NYSE:MHK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,781 shares of the company’s stock, valued at approximately $202,000.

A number of other institutional investors have also bought and sold shares of the company. Blackhawk Capital Partners LLC. lifted its stake in shares of Mohawk Industries by 14.2% in the 2nd quarter. Blackhawk Capital Partners LLC. now owns 1,997 shares of the company’s stock valued at $227,000 after purchasing an additional 249 shares during the period. Speece Thorson Capital Group Inc. grew its holdings in shares of Mohawk Industries by 12.9% during the second quarter. Speece Thorson Capital Group Inc. now owns 143,944 shares of the company’s stock valued at $16,351,000 after buying an additional 16,399 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Mohawk Industries by 4.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,622 shares of the company’s stock valued at $1,207,000 after purchasing an additional 467 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its position in shares of Mohawk Industries by 0.7% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 51,490 shares of the company’s stock valued at $5,849,000 after buying an additional 380 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Mohawk Industries by 2.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 119,465 shares of the company’s stock worth $13,570,000 after buying an additional 2,322 shares in the last quarter. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

NYSE:MHK opened at $150.81 on Wednesday. Mohawk Industries, Inc. has a 1 year low of $76.02 and a 1 year high of $164.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.92 and a quick ratio of 1.04. The business has a fifty day simple moving average of $137.50 and a two-hundred day simple moving average of $124.75. The company has a market capitalization of $9.63 billion, a P/E ratio of -23.06, a P/E/G ratio of 1.20 and a beta of 1.38.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, July 25th. The company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.25. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.84 billion. Mohawk Industries had a positive return on equity of 8.07% and a negative net margin of 3.30%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.76 EPS. On average, analysts expect that Mohawk Industries, Inc. will post 10 earnings per share for the current year.

Insider Transactions at Mohawk Industries

In related news, VP Rodney David Patton sold 755 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $162.78, for a total transaction of $122,898.90. Following the sale, the vice president now directly owns 12,299 shares in the company, valued at approximately $2,002,031.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Rodney David Patton sold 755 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $162.78, for a total transaction of $122,898.90. Following the sale, the vice president now directly owns 12,299 shares in the company, valued at approximately $2,002,031.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Suzanne L. Helen sold 700 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $146.97, for a total value of $102,879.00. Following the sale, the insider now directly owns 121,669 shares in the company, valued at approximately $17,881,692.93. The disclosure for this sale can be found here. Insiders sold 5,555 shares of company stock worth $774,555 over the last quarter. Corporate insiders own 17.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. The Goldman Sachs Group raised their price objective on Mohawk Industries from $141.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Bank of America raised shares of Mohawk Industries from an “underperform” rating to a “buy” rating and raised their price target for the company from $120.00 to $177.00 in a research report on Friday, July 26th. Barclays upped their price objective on shares of Mohawk Industries from $118.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Truist Financial increased their price target on Mohawk Industries from $135.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. boosted their price objective on Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

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.