Mohawk Industries, Inc. (NYSE:MHK) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 36.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,373 shares of the company’s stock after acquiring an additional 2,507 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Mohawk Industries were worth $1,506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MHK. Daiwa Securities Group Inc. grew its holdings in Mohawk Industries by 22.9% during the first quarter. Daiwa Securities Group Inc. now owns 1,740 shares of the company’s stock worth $228,000 after acquiring an additional 324 shares during the period. Texas Permanent School Fund Corp boosted its position in Mohawk Industries by 0.9% during the first quarter. Texas Permanent School Fund Corp now owns 10,927 shares of the company’s stock worth $1,430,000 after purchasing an additional 98 shares in the last quarter. Empirical Finance LLC purchased a new stake in Mohawk Industries during the first quarter worth $240,000. LSV Asset Management boosted its position in Mohawk Industries by 0.9% during the first quarter. LSV Asset Management now owns 157,240 shares of the company’s stock worth $20,581,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in Mohawk Industries during the first quarter worth $774,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on MHK shares. Loop Capital boosted their target price on Mohawk Industries from $145.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Bank of America upgraded Mohawk Industries from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $120.00 to $177.00 in a research report on Friday, July 26th. Royal Bank of Canada decreased their target price on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Truist Financial decreased their target price on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Finally, Robert W. Baird upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $160.00 to $196.00 in a research report on Monday, October 21st. Five 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.08.

Mohawk Industries Stock Performance

NYSE MHK opened at $145.94 on Friday. The business’s 50-day moving average price is $151.67 and its 200 day moving average price is $135.56. Mohawk Industries, Inc. has a twelve month low of $78.30 and a twelve month high of $164.29. The company has a market capitalization of $9.21 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.62 and a beta of 1.38. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 660 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the transaction, the insider now directly owns 118,709 shares in the company, valued at approximately $17,979,665.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Mohawk Industries news, insider Suzanne L. Helen sold 2,300 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $151.15, for a total transaction of $347,645.00. Following the completion of the sale, the insider now directly owns 119,369 shares in the company, valued at $18,042,624.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Suzanne L. Helen sold 660 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the sale, the insider now owns 118,709 shares of the company’s stock, valued at $17,979,665.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.10% of the stock is currently owned by company insiders.

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.