Mohawk Industries, Inc. (NYSE:MHK) Stock Position Increased by Bridgewater Associates LP

Bridgewater Associates LP boosted its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,378 shares of the company’s stock after buying an additional 1,379 shares during the quarter. Bridgewater Associates LP’s holdings in Mohawk Industries were worth $11,148,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in shares of Mohawk Industries by 111.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 129,186 shares of the company’s stock valued at $20,758,000 after purchasing an additional 67,990 shares in the last quarter. Quantbot Technologies LP lifted its stake in Mohawk Industries by 195.9% during the third quarter. Quantbot Technologies LP now owns 58,257 shares of the company’s stock valued at $9,361,000 after purchasing an additional 38,567 shares during the last quarter. FMR LLC boosted its holdings in Mohawk Industries by 52.3% during the third quarter. FMR LLC now owns 2,179,510 shares of the company’s stock worth $350,204,000 after buying an additional 748,070 shares in the last quarter. Qsemble Capital Management LP acquired a new position in Mohawk Industries in the third quarter worth approximately $210,000. Finally, Bank of Montreal Can increased its holdings in shares of Mohawk Industries by 64.6% in the third quarter. Bank of Montreal Can now owns 139,867 shares of the company’s stock valued at $22,212,000 after buying an additional 54,914 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on MHK. Jefferies Financial Group raised their price objective on Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Barclays decreased their price target on Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Baird R W upgraded Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Mohawk Industries from $124.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.08.

Insider Buying and Selling

In other Mohawk Industries news, 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 transaction, the insider now directly owns 118,709 shares of the company’s stock, valued at $17,979,665.14. This represents a 0.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.10% of the stock is owned by corporate insiders.

Mohawk Industries Trading Down 0.6 %

Shares of NYSE:MHK opened at $139.10 on Friday. The firm has a fifty day moving average of $148.57 and a two-hundred day moving average of $137.72. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 12-month low of $83.15 and a 12-month high of $164.29. The firm has a market capitalization of $8.78 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.38.

Mohawk Industries 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.