SG Americas Securities LLC Reduces Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

SG Americas Securities LLC trimmed its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 70.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,302 shares of the company's stock after selling 3,140 shares during the quarter. SG Americas Securities LLC's holdings in Mohawk Industries were worth $155,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Signaturefd LLC lifted its holdings in Mohawk Industries by 12.5% in the 3rd quarter. Signaturefd LLC now owns 683 shares of the company's stock valued at $110,000 after purchasing an additional 76 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Mohawk Industries by 20.6% in the third quarter. Allworth Financial LP now owns 626 shares of the company's stock worth $101,000 after buying an additional 107 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Mohawk Industries by 7.5% during the third quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company's stock worth $266,000 after acquiring an additional 115 shares during the last quarter. Contravisory Investment Management Inc. grew its stake in Mohawk Industries by 2.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company's stock valued at $680,000 after acquiring an additional 121 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Mohawk Industries by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company's stock worth $819,000 after purchasing an additional 130 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the company. The Goldman Sachs Group cut their target price on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Truist Financial cut their price target on shares of Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a report on Monday. Wells Fargo & Company decreased their target price on shares of Mohawk Industries from $135.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. StockNews.com cut shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating for the company in a report on Monday. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mohawk Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.92.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 9,078 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total transaction of $1,187,947.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 19,078 shares of company stock worth $2,474,347. 17.10% of the stock is owned by company insiders.

Mohawk Industries Stock Up 2.6 %

NYSE MHK traded up $3.03 during trading on Thursday, reaching $119.78. 655,491 shares of the company's stock were exchanged, compared to its average volume of 833,465. The company has a 50 day moving average price of $123.32 and a two-hundred day moving average price of $140.07. The stock has a market cap of $7.56 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. Mohawk Industries, Inc. has a 1 year low of $104.88 and a 1 year high of $164.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.00% and a net margin of 4.78%. On average, equities research analysts anticipate that Mohawk Industries, Inc. will post 10.71 EPS for the current fiscal year.

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.