Charles Schwab Investment Management Inc. Trims Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Charles Schwab Investment Management Inc. trimmed its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 538,154 shares of the company's stock after selling 7,223 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.85% of Mohawk Industries worth $86,471,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MHK. Quest Partners LLC grew its position in 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 in the last quarter. Headlands Technologies LLC purchased a new position in shares of Mohawk Industries during the second quarter worth about $50,000. Blue Trust Inc. increased its position in shares of Mohawk Industries by 85.6% in the third quarter. Blue Trust Inc. now owns 362 shares of the company's stock worth $58,000 after purchasing an additional 167 shares during the last quarter. AM Squared Ltd bought a new position in shares of Mohawk Industries in the second quarter worth approximately $68,000. Finally, Capital Performance Advisors LLP purchased a new stake in Mohawk Industries in the third quarter valued at approximately $73,000. 78.98% of the stock is currently owned by institutional investors.

Insider Activity at Mohawk Industries

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

Mohawk Industries Trading Down 0.6 %

Shares of NYSE:MHK traded down $0.82 during trading on Thursday, reaching $139.10. 403,320 shares of the company traded hands, compared to its average volume of 716,411. 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 52-week low of $83.15 and a 52-week high of $164.29. The firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 1.60 and a beta of 1.38. The business's fifty day moving average is $148.57 and its 200-day moving average is $137.72.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays decreased their price target on shares of Mohawk Industries from $161.00 to $146.00 and set an "equal weight" rating on the stock in a report on Monday, October 28th. Jefferies Financial Group increased their target price on Mohawk Industries from $150.00 to $160.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Truist Financial dropped their price target on 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 Mohawk Industries from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $140.00 to $160.00 in a research report on Monday, October 7th. Finally, Robert W. Baird upgraded Mohawk Industries from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $160.00 to $196.00 in a research report on Monday, October 21st. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $162.08.

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.