Corient Private Wealth LLC Decreases Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Corient Private Wealth LLC trimmed its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 30.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,386 shares of the company's stock after selling 3,603 shares during the period. Corient Private Wealth LLC's holdings in Mohawk Industries were worth $999,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MHK. JPMorgan Chase & Co. lifted its holdings in Mohawk Industries by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company's stock worth $485,983,000 after buying an additional 74,123 shares during the last quarter. FMR LLC raised its position in shares of Mohawk Industries by 52.3% during the 3rd quarter. FMR LLC now owns 2,179,510 shares of the company's stock worth $350,204,000 after acquiring an additional 748,070 shares in the last quarter. State Street Corp lifted its stake in Mohawk Industries by 1.3% during the third quarter. State Street Corp now owns 1,846,446 shares of the company's stock worth $296,687,000 after purchasing an additional 23,016 shares during the last quarter. Truist Financial Corp boosted its holdings in Mohawk Industries by 7.4% in the fourth quarter. Truist Financial Corp now owns 374,456 shares of the company's stock valued at $44,609,000 after purchasing an additional 25,864 shares in the last quarter. Finally, Amundi increased its stake in Mohawk Industries by 117.4% in the fourth quarter. Amundi now owns 331,750 shares of the company's stock valued at $39,239,000 after purchasing an additional 179,121 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company's stock.

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Mohawk Industries Stock Performance

NYSE:MHK traded up $0.55 during midday trading on Monday, reaching $114.29. The stock had a trading volume of 726,559 shares, compared to its average volume of 723,696. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The stock has a market cap of $7.15 billion, a P/E ratio of 14.06, a P/E/G ratio of 1.44 and a beta of 1.44. The firm has a fifty day simple moving average of $118.70 and a two-hundred day simple moving average of $131.93. Mohawk Industries, Inc. has a 12-month low of $104.88 and a 12-month high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued 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 net margin of 4.78% and a return on equity of 8.04%. On average, equities analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the sale, the insider now directly owns 93,584 shares in the company, valued at approximately $10,616,168.96. The trade was a 10.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 17.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MHK has been the subject of several research analyst reports. Wolfe Research upgraded shares of Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a report on Wednesday, January 8th. Barclays decreased their price objective on shares of Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Robert W. Baird cut their target price on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Bank of America decreased their target price on Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Finally, Truist Financial cut their price target on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Six investment 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. Based on data from MarketBeat.com, Mohawk Industries currently has a consensus rating of "Moderate Buy" and an average target price of $146.92.

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.