Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 81.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,442 shares of the company’s stock after selling 19,351 shares during the quarter. SG Americas Securities LLC’s holdings in Mohawk Industries were worth $714,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Quest Partners LLC lifted its position in shares of Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after acquiring an additional 84 shares during the period. Quarry LP raised its holdings in Mohawk Industries by 70.4% during the fourth quarter. Quarry LP now owns 421 shares of the company’s stock worth $44,000 after purchasing an additional 174 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Mohawk Industries during the second quarter worth $50,000. Quent Capital LLC grew its holdings in Mohawk Industries by 27.2% in the first quarter. Quent Capital LLC now owns 496 shares of the company’s stock valued at $65,000 after purchasing an additional 106 shares during the last quarter. Finally, AM Squared Ltd purchased a new position in shares of Mohawk Industries in the second quarter valued at $68,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Mohawk Industries Stock Up 0.3 %

Shares of MHK opened at $157.30 on Monday. The firm has a market cap of $10.05 billion, a PE ratio of -24.05, a price-to-earnings-growth ratio of 1.23 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 1.92 and a debt-to-equity ratio of 0.22. The company’s fifty day moving average is $152.74 and its two-hundred day moving average is $131.75. Mohawk Industries, Inc. has a fifty-two week low of $76.02 and a fifty-two week high of $164.05.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.25. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.84 billion. Mohawk Industries had a positive return on equity of 8.07% and a negative net margin of 3.30%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.76 earnings per share. Analysts forecast that Mohawk Industries, Inc. will post 10 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Bank of America upgraded shares of Mohawk Industries from an “underperform” rating to a “buy” rating and increased their price target for the company from $120.00 to $177.00 in a research report on Friday, July 26th. Barclays raised their price target on Mohawk Industries from $118.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Wells Fargo & Company upgraded Mohawk Industries from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $140.00 to $160.00 in a research report on Monday, October 7th. Truist Financial lifted their price objective on Mohawk Industries from $135.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, The Goldman Sachs Group upped their target price on shares of Mohawk Industries from $141.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 29th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $163.25.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 2,300 shares of Mohawk Industries stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $151.15, for a total transaction of $347,645.00. Following the transaction, the insider now owns 119,369 shares in the company, valued at approximately $18,042,624.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Rodney David Patton sold 755 shares of Mohawk Industries stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $162.78, for a total transaction of $122,898.90. Following the sale, the vice president now owns 12,299 shares in the company, valued at $2,002,031.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Suzanne L. Helen sold 2,300 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $151.15, for a total transaction of $347,645.00. Following the completion of the transaction, the insider now owns 119,369 shares of the company’s stock, valued at $18,042,624.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,415 shares of company stock valued at $673,387 over the last 90 days. Corporate insiders own 17.10% of the company’s stock.

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.