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

PDT Partners LLC trimmed its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 42.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 17,144 shares of the company's stock after selling 12,849 shares during the period. PDT Partners LLC's holdings in Mohawk Industries were worth $2,755,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MHK. Meeder Asset Management Inc. boosted its holdings in Mohawk Industries by 8.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 84,535 shares of the company's stock worth $13,583,000 after buying an additional 6,863 shares during the period. Maverick Capital Ltd. bought a new stake in shares of Mohawk Industries during the 2nd quarter valued at about $1,253,000. Thompson Siegel & Walmsley LLC lifted its position in Mohawk Industries by 115.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 90,784 shares of the company's stock valued at $10,312,000 after acquiring an additional 48,653 shares during the period. Natixis Advisors LLC raised its holdings in Mohawk Industries by 19.8% in the third quarter. Natixis Advisors LLC now owns 87,477 shares of the company's stock worth $14,056,000 after buying an additional 14,480 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Mohawk Industries by 4.5% in the second quarter. American Century Companies Inc. now owns 914,578 shares of the company's stock worth $103,887,000 after buying an additional 39,653 shares during the last quarter. 78.98% of the stock is owned by institutional investors.

Insider Buying and Selling

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 value of $99,963.60. Following the completion of the sale, the insider now owns 118,709 shares of the company's stock, valued at approximately $17,979,665.14. This represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 17.10% of the stock is owned by insiders.

Mohawk Industries Price Performance

NYSE MHK traded down $0.27 on Friday, hitting $138.83. The company had a trading volume of 314,818 shares, compared to its average volume of 669,812. The company has a market capitalization of $8.76 billion, a PE ratio of 15.72, a PEG ratio of 1.53 and a beta of 1.38. The company's fifty day moving average price is $147.82 and its 200-day moving average price is $137.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. Mohawk Industries, Inc. has a 12-month low of $86.26 and a 12-month high of $164.29.

Analysts Set New Price Targets

MHK has been the subject of several research reports. Wells Fargo & Company raised shares of Mohawk Industries from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $140.00 to $160.00 in a report on Monday, October 7th. Robert W. Baird raised shares of Mohawk Industries from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $160.00 to $196.00 in a report on Monday, October 21st. Baird R W raised shares of Mohawk Industries from a "hold" rating to a "strong-buy" rating in a report on Monday, October 21st. Jefferies Financial Group boosted their price objective on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Finally, Barclays decreased their price objective on shares of Mohawk Industries from $161.00 to $146.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Mohawk Industries has a consensus rating of "Moderate Buy" and an average target price of $162.08.

About Mohawk Industries

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.