Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by AlphaQuest LLC

AlphaQuest LLC decreased its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 55.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,206 shares of the company's stock after selling 2,740 shares during the period. AlphaQuest LLC's holdings in Mohawk Industries were worth $263,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Mohawk Industries by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company's stock valued at $485,983,000 after acquiring an additional 74,123 shares during the last quarter. FMR LLC boosted its holdings in Mohawk Industries by 52.3% in the third quarter. FMR LLC now owns 2,179,510 shares of the company's stock valued at $350,204,000 after purchasing an additional 748,070 shares during the last quarter. State Street Corp grew its position in Mohawk Industries by 1.3% during the 3rd 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 period. Massachusetts Financial Services Co. MA raised its stake in shares of Mohawk Industries by 33.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company's stock valued at $162,586,000 after buying an additional 254,779 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Mohawk Industries by 7.4% in the 4th quarter. Truist Financial Corp now owns 374,456 shares of the company's stock valued at $44,609,000 after buying an additional 25,864 shares during the period. Institutional investors and hedge funds own 78.98% of the company's stock.

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Mohawk Industries Trading Up 0.3 %

MHK traded up $0.30 during trading on Wednesday, hitting $114.57. The company's stock had a trading volume of 684,495 shares, compared to its average volume of 764,295. Mohawk Industries, Inc. has a twelve month low of $104.88 and a twelve month high of $164.29. The firm's 50 day moving average price is $120.40 and its 200-day moving average price is $134.15. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The stock has a market cap of $7.17 billion, a PE ratio of 14.09, a PEG ratio of 1.44 and a beta of 1.44.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.95 EPS 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%. On average, analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $113.44, for a total value of $1,191,120.00. Following the completion of the sale, the insider now owns 93,584 shares of the company's stock, valued at $10,616,168.96. This represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MHK has been the topic of a number of analyst reports. Loop Capital dropped their target price on Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Evercore ISI reduced their price objective on Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a research note on Monday, February 10th. Barclays lowered their price objective on Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Robert W. Baird reduced 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. Finally, Bank of America lowered their price target on Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $146.92.

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.