Quadrature Capital Ltd Sells 10,119 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Quadrature Capital Ltd reduced its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 41.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 14,378 shares of the company's stock after selling 10,119 shares during the period. Quadrature Capital Ltd's holdings in Mohawk Industries were worth $2,311,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Quest Partners LLC lifted its position in Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company's stock worth $33,000 after acquiring an additional 84 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in Mohawk Industries during the third quarter worth approximately $36,000. Headlands Technologies LLC acquired a new stake in Mohawk Industries during the second quarter worth approximately $50,000. Blue Trust Inc. increased its holdings in shares of Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company's stock worth $58,000 after purchasing an additional 167 shares during the period. Finally, True Wealth Design LLC bought a new position in shares of Mohawk Industries during the third quarter worth approximately $61,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 660 shares of Mohawk Industries stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.46, for a total transaction of $99,963.60. Following the transaction, the insider now owns 118,709 shares in the company, valued at approximately $17,979,665.14. The trade was a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 17.10% of the company's stock.

Mohawk Industries Price Performance

Mohawk Industries stock traded down $0.51 during mid-day trading on Friday, reaching $130.92. The company had a trading volume of 1,042,356 shares, compared to its average volume of 629,039. Mohawk Industries, Inc. has a fifty-two week low of $90.79 and a fifty-two week high of $164.29. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The company has a market cap of $8.26 billion, a P/E ratio of 14.82, a P/E/G ratio of 1.45 and a beta of 1.38. The business has a fifty day simple moving average of $145.42 and a 200 day simple moving average of $138.26.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MHK shares. Robert W. Baird raised shares of Mohawk Industries from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Loop Capital lowered their target price on shares of Mohawk Industries from $185.00 to $180.00 and set a "buy" rating on the stock in a report on Wednesday. Wells Fargo & Company raised shares of Mohawk Industries from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $140.00 to $160.00 in a report on Monday, October 7th. Truist Financial decreased their price objective on shares of Mohawk Industries from $184.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. Finally, Jefferies Financial Group lifted their price objective on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Five equities 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. According to data from MarketBeat, Mohawk Industries has a consensus rating of "Moderate Buy" and an average target price of $161.67.

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.