Mohawk Industries, Inc. (NYSE:MHK) Shares Bought by Citigroup Inc.

Citigroup Inc. grew its position in Mohawk Industries, Inc. (NYSE:MHK) by 43.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,251 shares of the company’s stock after acquiring an additional 20,167 shares during the period. Citigroup Inc.’s holdings in Mohawk Industries were worth $10,645,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MHK. Quest Partners LLC boosted its holdings in Mohawk Industries by 40.0% in the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after purchasing an additional 84 shares in the last quarter. Headlands Technologies LLC acquired a new position in Mohawk Industries during the second quarter worth $50,000. Blue Trust Inc. grew its holdings in Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after acquiring an additional 167 shares during the period. AM Squared Ltd purchased a new position in Mohawk Industries in the second quarter worth $68,000. Finally, Capital Performance Advisors LLP acquired a new stake in Mohawk Industries in the third quarter valued at $73,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MHK has been the subject of several recent analyst reports. Baird R W upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Royal Bank of Canada decreased their price target on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Robert W. Baird raised 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. Truist Financial cut their target price on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Finally, Jefferies Financial Group upped their target price on Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Mohawk Industries has a consensus rating of “Moderate Buy” and a consensus target price of $162.08.

Mohawk Industries Trading Down 0.6 %

NYSE MHK opened at $139.10 on Friday. The company has a market cap of $8.78 billion, a P/E ratio of 15.75, a P/E/G ratio of 1.60 and a beta of 1.38. Mohawk Industries, Inc. has a 12 month low of $83.15 and a 12 month high of $164.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. The company has a 50-day moving average of $148.57 and a 200-day moving average of $137.72.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 660 shares of Mohawk Industries stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the transaction, the insider now owns 118,709 shares in the company, valued at approximately $17,979,665.14. This trade represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.