Natixis Advisors LLC Purchases 14,480 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Natixis Advisors LLC boosted its position in Mohawk Industries, Inc. (NYSE:MHK) by 19.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 87,477 shares of the company’s stock after acquiring an additional 14,480 shares during the period. Natixis Advisors LLC owned 0.14% of Mohawk Industries worth $14,056,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Quest Partners LLC lifted its position in shares of Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after acquiring an additional 84 shares in the last quarter. Headlands Technologies LLC bought a new position in Mohawk Industries in the 2nd quarter worth about $50,000. Blue Trust Inc. grew its holdings in Mohawk Industries by 85.6% during the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after buying an additional 167 shares in the last quarter. AM Squared Ltd bought a new stake in shares of Mohawk Industries during the second quarter valued at about $68,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Mohawk Industries in the third quarter worth about $73,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company upgraded 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 research report on Monday, October 7th. Bank of America upgraded shares of Mohawk Industries from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $120.00 to $177.00 in a research report on Friday, July 26th. Jefferies Financial Group lifted their target price on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Robert W. Baird raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Finally, Truist Financial dropped their price target on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $162.08.

Mohawk Industries Stock Performance

Mohawk Industries stock opened at $135.73 on Thursday. Mohawk Industries, Inc. has a fifty-two week low of $82.71 and a fifty-two week high of $164.29. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 1.55 and a beta of 1.38. The stock’s 50 day simple moving average is $150.04 and its two-hundred day simple moving average is $136.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03.

Insider Buying and Selling

In other news, insider Suzanne L. Helen sold 660 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.46, for a total transaction of $99,963.60. Following the sale, the insider now owns 118,709 shares in the company, valued at approximately $17,979,665.14. The trade was a 0.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 17.10% of the stock is owned by insiders.

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.