Tyers Asset Management LLC Increases Stake in Mohawk Industries, Inc. (NYSE:MHK)
Tyers Asset Management LLC lifted its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 56.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,168 shares of the company’s stock after acquiring an additional 1,872 shares during the quarter. Tyers Asset Management LLC’s holdings in Mohawk Industries were worth $652,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in MHK. Lavaca Capital LLC purchased a new stake in shares of Mohawk Industries in the 1st quarter worth approximately $25,000. Penserra Capital Management LLC purchased a new stake in shares of Mohawk Industries in the 1st quarter worth approximately $25,000. Lindbrook Capital LLC purchased a new stake in shares of Mohawk Industries in the 4th quarter worth approximately $34,000. CSat Investment Advisory L.P. lifted its position in shares of Mohawk Industries by 222.0% in the 4th quarter. CSat Investment Advisory L.P. now owns 293 shares of the company’s stock worth $34,000 after purchasing an additional 202 shares during the period. Finally, Massey Quick Simon & CO. LLC purchased a new stake in shares of Mohawk Industries in the 1st quarter worth approximately $38,000. 80.66% of the stock is owned by hedge funds and other institutional investors.
NYSE MHK opened at $152.29 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.37 and a quick ratio of 0.68. The company has a market cap of $11.03 billion, a P/E ratio of 12.35, a PEG ratio of 2.80 and a beta of 1.42. Mohawk Industries, Inc. has a 52 week low of $109.35 and a 52 week high of $228.49.
In other Mohawk Industries news, Chairman Jeffrey S. Lorberbaum sold 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $142.76, for a total transaction of $2,569,680.00. Following the transaction, the chairman now owns 47,603 shares in the company, valued at approximately $6,795,804.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Suzanne L. Helen sold 4,200 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.04, for a total transaction of $621,768.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,000 shares of company stock valued at $4,481,028. 18.00% of the stock is currently owned by company insiders.
MHK has been the subject of several research reports. Zacks Investment Research cut shares of Mohawk Industries from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. Longbow Research cut shares of Mohawk Industries from a “buy” rating to a “neutral” rating and set a $125.98 price target for the company. in a research report on Friday, March 29th. Robert W. Baird set a $156.00 price target on shares of Mohawk Industries and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Jefferies Financial Group raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and upped their price target for the stock from $145.00 to $167.00 in a research report on Tuesday, April 30th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $150.41.
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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 worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).
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