D.A. Davidson & CO. Sells 316 Shares of Mohawk Industries, Inc. (NYSE:MHK)

D.A. Davidson & CO. decreased its position in Mohawk Industries, Inc. (NYSE:MHK) by 5.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,497 shares of the company’s stock after selling 316 shares during the period. D.A. Davidson & CO.’s holdings in Mohawk Industries were worth $883,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Mohawk Industries by 52.3% in the third quarter. FMR LLC now owns 2,179,510 shares of the company’s stock worth $350,204,000 after purchasing an additional 748,070 shares in the last quarter. Qsemble Capital Management LP bought a new stake in Mohawk Industries during the 3rd quarter worth about $210,000. Bank of Montreal Can boosted its stake in shares of Mohawk Industries by 64.6% during the 3rd quarter. Bank of Montreal Can now owns 139,867 shares of the company’s stock worth $22,212,000 after buying an additional 54,914 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its stake in shares of Mohawk Industries by 593.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,322 shares of the company’s stock worth $534,000 after buying an additional 2,843 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Mohawk Industries by 13.4% in the third quarter. Daiwa Securities Group Inc. now owns 2,417 shares of the company’s stock valued at $388,000 after acquiring an additional 286 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 660 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $151.46, for a total transaction of $99,963.60. Following the transaction, the insider now directly owns 118,709 shares of the company’s stock, valued at approximately $17,979,665.14. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on MHK. Robert W. Baird raised Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their price target for the company from $160.00 to $196.00 in a research report on Monday, October 21st. Royal Bank of Canada lowered their target price on shares of Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Truist Financial cut their price target on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Wells Fargo & Company upgraded shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $140.00 to $160.00 in a research note on Monday, October 7th. Finally, Barclays cut their target price on shares of Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.08.

Mohawk Industries Trading Down 0.2 %

Shares of NYSE:MHK opened at $138.83 on Monday. Mohawk Industries, Inc. has a 12-month low of $86.26 and a 12-month high of $164.29. The business has a 50 day moving average of $147.82 and a 200-day moving average of $138.06. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The stock has a market cap of $8.76 billion, a PE ratio of 15.72, a P/E/G ratio of 1.53 and a beta of 1.38.

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.