Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. reduced its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 46.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,906 shares of the company's stock after selling 29,960 shares during the quarter. Prudential Financial Inc. owned 0.05% of Mohawk Industries worth $4,039,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Magnetar Financial LLC raised its holdings in shares of Mohawk Industries by 353.1% in the 4th quarter. Magnetar Financial LLC now owns 39,108 shares of the company's stock valued at $4,659,000 after purchasing an additional 30,477 shares in the last quarter. Choreo LLC bought a new position in Mohawk Industries in the fourth quarter worth approximately $258,000. Sei Investments Co. raised its stake in Mohawk Industries by 46.3% in the fourth quarter. Sei Investments Co. now owns 91,586 shares of the company's stock worth $10,911,000 after buying an additional 28,998 shares in the last quarter. Townsend & Associates Inc lifted its holdings in Mohawk Industries by 1.2% during the fourth quarter. Townsend & Associates Inc now owns 263,143 shares of the company's stock worth $34,382,000 after buying an additional 3,078 shares during the period. Finally, Sciencast Management LP boosted its position in Mohawk Industries by 59.1% during the 4th quarter. Sciencast Management LP now owns 6,088 shares of the company's stock valued at $725,000 after acquiring an additional 2,262 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

Mohawk Industries Stock Performance

Shares of NYSE:MHK traded down $9.19 during trading on Thursday, hitting $107.96. The stock had a trading volume of 1,518,232 shares, compared to its average volume of 728,407. The stock has a 50-day simple moving average of $117.66 and a two-hundred day simple moving average of $131.37. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44. Mohawk Industries, Inc. has a 12-month low of $104.88 and a 12-month high of $164.29. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22.

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Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings data 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 net margin of 4.78% and a return on equity of 8.04%. On average, equities research analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MHK has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on Mohawk Industries from $135.00 to $130.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. Wolfe Research raised shares of Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research report on Wednesday, January 8th. Truist Financial cut their price objective on shares of Mohawk Industries from $155.00 to $148.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of Mohawk Industries in a research report on Tuesday. They set a "hold" rating and a $121.00 target price for the company. Finally, Barclays cut their price target on shares of Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $145.07.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 10,500 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $113.44, for a total value of $1,191,120.00. Following the completion of the transaction, the insider now owns 93,584 shares of the company's stock, valued at $10,616,168.96. The trade was a 10.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 17.10% of the stock is owned by corporate insiders.

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.