Sanctuary Advisors LLC Has $487,000 Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Sanctuary Advisors LLC decreased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 5.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,030 shares of the company’s stock after selling 186 shares during the period. Sanctuary Advisors LLC’s holdings in Mohawk Industries were worth $487,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Partners LLC lifted its stake in shares of Mohawk Industries by 40.0% in the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after purchasing an additional 84 shares during the last quarter. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Mohawk Industries during the 3rd quarter worth about $36,000. Headlands Technologies LLC acquired a new position in shares of Mohawk Industries during the 2nd quarter valued at about $50,000. Blue Trust Inc. raised its stake in shares of Mohawk Industries by 85.6% in the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after acquiring an additional 167 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in Mohawk Industries in the 3rd quarter worth approximately $61,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

NYSE MHK opened at $120.19 on Thursday. The stock has a market cap of $7.59 billion, a P/E ratio of 13.61, a PEG ratio of 1.41 and a beta of 1.38. 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 twelve month low of $96.28 and a twelve month high of $164.29. The company’s 50-day simple moving average is $137.52 and its 200 day simple moving average is $139.20.

Insider Activity

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total value of $1,187,947.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 19,078 shares of company stock worth $2,474,347. Company insiders own 17.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on MHK shares. Robert W. Baird raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Loop Capital lowered their price target on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. 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 research report on Monday, October 28th. Barclays lowered their target price on Mohawk Industries from $146.00 to $141.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Finally, Truist Financial cut their price target on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a report on Monday, October 28th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Mohawk Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.17.

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.