Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 43.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,099 shares of the company’s stock after selling 2,398 shares during the quarter. D.A. Davidson & CO.’s holdings in Mohawk Industries were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Choreo LLC acquired a new position in shares of Mohawk Industries during the 4th quarter valued at about $258,000. Meeder Asset Management Inc. grew its holdings in Mohawk Industries by 8.8% in the third quarter. Meeder Asset Management Inc. now owns 84,535 shares of the company’s stock valued at $13,583,000 after purchasing an additional 6,863 shares during the period. JPMorgan Chase & Co. increased its position in Mohawk Industries by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock worth $485,983,000 after purchasing an additional 74,123 shares during the last quarter. New York State Teachers Retirement System raised its stake in Mohawk Industries by 7.7% during the fourth quarter. New York State Teachers Retirement System now owns 50,028 shares of the company’s stock worth $5,960,000 after purchasing an additional 3,560 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in shares of Mohawk Industries by 19.8% in the 3rd quarter. Natixis Advisors LLC now owns 87,477 shares of the company’s stock valued at $14,056,000 after purchasing an additional 14,480 shares during the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MHK has been the subject of a number of research analyst reports. Truist Financial dropped their price objective on Mohawk Industries from $155.00 to $148.00 and set a “buy” rating for the company in a report on Monday, February 10th. The Goldman Sachs Group cut their price objective on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research note on Wednesday, January 8th. StockNews.com downgraded shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company reduced their price target on shares of Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Six 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $146.92.

Mohawk Industries Price Performance

Shares of MHK stock opened at $118.49 on Thursday. Mohawk Industries, Inc. has a twelve month low of $104.88 and a twelve month high of $164.29. The company has a market capitalization of $7.42 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.44 and a beta of 1.41. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $121.33 and a 200-day simple moving average of $137.71.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. Equities research analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total transaction of $270,960.00. Following the completion of the transaction, the insider now directly owns 2,453 shares in the company, valued at approximately $332,332.44. This represents a 44.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 19,078 shares of company stock worth $2,474,347 in the last 90 days. 17.10% of the stock is owned by corporate 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.