V Square Quantitative Management LLC Sells 477 Shares of Mohawk Industries, Inc. (NYSE:MHK)

V Square Quantitative Management LLC lessened its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 24.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,442 shares of the company’s stock after selling 477 shares during the period. V Square Quantitative Management LLC’s holdings in Mohawk Industries were worth $232,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC lifted its holdings in shares of Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after buying an additional 84 shares during the last quarter. Headlands Technologies LLC acquired a new position in Mohawk Industries during the 2nd quarter valued at $50,000. Quent Capital LLC grew its position in Mohawk Industries by 27.2% in the 1st quarter. Quent Capital LLC now owns 496 shares of the company’s stock worth $65,000 after purchasing an additional 106 shares during the last quarter. AM Squared Ltd bought a new position in shares of Mohawk Industries during the 2nd quarter worth about $68,000. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Mohawk Industries during the first quarter valued at about $141,000. Institutional investors own 78.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Truist Financial lifted their target price on Mohawk Industries from $135.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Barclays upped their target price on Mohawk Industries from $118.00 to $161.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Loop Capital lifted their price target on shares of Mohawk Industries from $145.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Robert W. Baird increased their price objective on shares of Mohawk Industries from $132.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Royal Bank of Canada lifted their target price on shares of Mohawk Industries from $108.00 to $140.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Six 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 stock. According to data from MarketBeat, Mohawk Industries currently has an average rating of “Moderate Buy” and an average target price of $163.25.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 660 shares of the company’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 owns 118,709 shares in the company, valued at $17,979,665.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the transaction, the insider now directly owns 118,709 shares of the company’s stock, valued at approximately $17,979,665.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Suzanne L. Helen sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $146.97, for a total transaction of $102,879.00. Following the transaction, the insider now owns 121,669 shares in the company, valued at $17,881,692.93. The trade was 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 ninety days. 17.10% of the stock is owned by insiders.

Mohawk Industries Price Performance

Shares of Mohawk Industries stock opened at $161.05 on Monday. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of -24.63, a P/E/G ratio of 1.23 and a beta of 1.37. The firm’s 50-day moving average price is $154.14 and its two-hundred day moving average price is $132.86. The company has a current ratio of 1.92, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 1-year low of $76.02 and a 1-year high of $164.05.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, July 25th. The company reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.25. Mohawk Industries had a positive return on equity of 8.07% and a negative net margin of 3.30%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the company earned $2.76 EPS. Mohawk Industries’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities analysts predict that Mohawk Industries, Inc. will post 10 earnings per share for the current fiscal year.

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.