Atria Investments Inc Sells 396 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Atria Investments Inc lessened its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 11.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,944 shares of the company’s stock after selling 396 shares during the period. Atria Investments Inc’s holdings in Mohawk Industries were worth $473,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MHK. Blair William & Co. IL lifted its position in shares of Mohawk Industries by 18.9% during the 1st quarter. Blair William & Co. IL now owns 5,916 shares of the company’s stock worth $774,000 after buying an additional 939 shares during the last quarter. Vanguard Group Inc. increased its position in Mohawk Industries by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 6,257,677 shares of the company’s stock worth $819,067,000 after purchasing an additional 17,541 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in Mohawk Industries in the 1st quarter valued at approximately $1,450,000. UniSuper Management Pty Ltd grew its stake in shares of Mohawk Industries by 906.5% during the first quarter. UniSuper Management Pty Ltd now owns 7,247 shares of the company’s stock worth $949,000 after buying an additional 6,527 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Mohawk Industries by 101.4% in the 1st quarter. Bessemer Group Inc. now owns 18,255 shares of the company’s stock valued at $2,389,000 after acquiring an additional 9,190 shares during the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MHK. Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $160.00 to $196.00 in a report on Monday, October 21st. Baird R W raised shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Bank of America raised shares of Mohawk Industries from an “underperform” rating to a “buy” rating and raised their price target for the company from $120.00 to $177.00 in a research report on Friday, July 26th. Loop Capital increased their price objective on Mohawk Industries from $145.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company upgraded Mohawk Industries from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $140.00 to $160.00 in a research note on Monday, October 7th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $162.08.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,300 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $151.15, for a total value of $347,645.00. Following the sale, the insider now directly owns 119,369 shares of the company’s stock, valued at approximately $18,042,624.35. This represents a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 17.10% of the company’s stock.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $135.73 on Thursday. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38. The stock has a fifty day simple moving average of $150.04 and a two-hundred day simple moving average of $136.97. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 1-year low of $82.71 and a 1-year high of $164.29.

About Mohawk Industries

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.