RK Asset Management LLC Has $5.73 Million Position in Mohawk Industries, Inc. (NYSE:MHK)

RK Asset Management LLC reduced its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,092 shares of the company’s stock after selling 1,862 shares during the quarter. Mohawk Industries accounts for 4.7% of RK Asset Management LLC’s portfolio, making the stock its 10th biggest holding. RK Asset Management LLC owned about 0.08% of Mohawk Industries worth $5,729,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MHK. Massachusetts Financial Services Co. MA bought a new position in Mohawk Industries during the 2nd quarter valued at about $85,997,000. FMR LLC lifted its position in Mohawk Industries by 52.3% during the third quarter. FMR LLC now owns 2,179,510 shares of the company’s stock valued at $350,204,000 after purchasing an additional 748,070 shares during the period. Pacer Advisors Inc. boosted its holdings in Mohawk Industries by 42.9% in the second quarter. Pacer Advisors Inc. now owns 1,200,360 shares of the company’s stock worth $136,349,000 after purchasing an additional 360,628 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Mohawk Industries by 10.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,036,545 shares of the company’s stock worth $344,903,000 after purchasing an additional 292,661 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Mohawk Industries by 1,464.0% during the 2nd quarter. Victory Capital Management Inc. now owns 227,357 shares of the company’s stock valued at $25,825,000 after buying an additional 212,820 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.

Mohawk Industries Trading Up 1.2 %

Shares of NYSE:MHK traded up $1.39 during trading on Friday, hitting $117.31. The company had a trading volume of 502,282 shares, compared to its average volume of 537,491. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.41 and a beta of 1.41. 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 fifty day simple moving average of $132.17 and a two-hundred day simple moving average of $139.06. Mohawk Industries, Inc. has a one year low of $96.28 and a one year high of $164.29.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank of Canada cut their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. 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. Jefferies Financial Group lifted their price target on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Truist Financial lowered their price objective 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, StockNews.com lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $159.17.

Insider Buying and Selling

In other news, insider Suzanne L. Helen sold 9,078 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total transaction of $1,187,947.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 19,078 shares of company stock worth $2,474,347 over the last three months. 17.10% of the stock is owned by insiders.

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.