Speece Thorson Capital Group Inc. Decreases Position in Mohawk Industries, Inc. (NYSE:MHK)

Speece Thorson Capital Group Inc. reduced its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 31.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,555 shares of the company's stock after selling 45,389 shares during the quarter. Mohawk Industries makes up approximately 2.9% of Speece Thorson Capital Group Inc.'s portfolio, making the stock its 13th biggest position. Speece Thorson Capital Group Inc. owned 0.16% of Mohawk Industries worth $15,836,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new position in Mohawk Industries in the 3rd quarter valued at about $230,000. MQS Management LLC acquired a new position in Mohawk Industries in the 3rd quarter valued at about $341,000. Aigen Investment Management LP acquired a new position in Mohawk Industries in the 3rd quarter valued at about $491,000. Apollon Wealth Management LLC acquired a new position in Mohawk Industries in the 3rd quarter valued at about $242,000. Finally, Versor Investments LP acquired a new position in Mohawk Industries in the 3rd quarter valued at about $273,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of the business's stock in a transaction that occurred on Monday, September 9th. The stock was 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 in the company, valued at approximately $17,979,665.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Suzanne L. Helen sold 2,300 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total value of $347,645.00. Following the transaction, the insider now owns 119,369 shares of the company's stock, valued at approximately $18,042,624.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Suzanne L. Helen sold 660 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now directly owns 118,709 shares in the company, valued at approximately $17,979,665.14. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 17.10% of the stock is owned by company insiders.

Analyst Ratings Changes

MHK has been the subject of several recent research reports. Barclays decreased their price objective on Mohawk Industries from $161.00 to $146.00 and set an "equal weight" rating for the company in a research note on Monday, October 28th. Robert W. Baird upgraded Mohawk Industries from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $160.00 to $196.00 in a research note on Monday, October 21st. Bank of America upgraded Mohawk Industries from an "underperform" rating to a "buy" rating and lifted their price objective for the company from $120.00 to $177.00 in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on Mohawk Industries from $124.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group lifted their price objective on Mohawk Industries from $141.00 to $185.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $162.08.

Mohawk Industries Stock Performance

NYSE MHK traded down $0.34 on Wednesday, reaching $141.48. The stock had a trading volume of 502,783 shares, compared to its average volume of 724,810. 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, Inc. has a 12-month low of $82.71 and a 12-month high of $164.29. The business's 50-day moving average price is $151.11 and its 200 day moving average price is $136.20. The stock has a market cap of $8.93 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38.

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.