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

D.A. Davidson & CO. lessened its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 43.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,099 shares of the company's stock after selling 2,398 shares during the period. D.A. Davidson & CO.'s holdings in Mohawk Industries were worth $369,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC acquired a new position in Mohawk Industries in the third quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB acquired a new stake in Mohawk Industries in the third quarter valued at approximately $55,000. Blue Trust Inc. raised its stake in Mohawk Industries by 85.6% in the third quarter. Blue Trust Inc. now owns 362 shares of the company's stock valued at $58,000 after buying an additional 167 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Mohawk Industries in the 3rd quarter valued at $61,000. Finally, Versant Capital Management Inc increased its position in Mohawk Industries by 71.0% during the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company's stock worth $64,000 after buying an additional 223 shares during the period. Institutional investors and hedge funds own 78.98% of the company's stock.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 4,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $126.11, for a total transaction of $504,440.00. Following the transaction, the insider now directly owns 104,084 shares of the company's stock, valued at approximately $13,126,033.24. The trade was a 3.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 19,078 shares of company stock worth $2,474,347. Company insiders own 17.10% of the company's stock.

Mohawk Industries Price Performance

Mohawk Industries stock traded up $1.18 during midday trading on Friday, reaching $117.64. 708,953 shares of the company were exchanged, compared to its average volume of 781,481. The firm's 50-day simple moving average is $121.29 and its 200-day simple moving average is $137.31. Mohawk Industries, Inc. has a 1 year low of $104.88 and a 1 year high of $164.29. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 1.44 and a beta of 1.41. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06.

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 anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on MHK shares. Robert W. Baird reduced their target price on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Barclays reduced their price target on Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group reduced their target price on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, Bank of America lowered their price target on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.