Natixis Advisors LLC Trims Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Natixis Advisors LLC lessened its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,975 shares of the company's stock after selling 10,502 shares during the period. Natixis Advisors LLC owned approximately 0.12% of Mohawk Industries worth $9,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Mohawk Industries by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company's stock worth $485,983,000 after acquiring an additional 74,123 shares during the last quarter. FMR LLC lifted its stake in Mohawk Industries by 52.3% in the 3rd quarter. FMR LLC now owns 2,179,510 shares of the company's stock valued at $350,204,000 after purchasing an additional 748,070 shares during the last quarter. State Street Corp boosted its position in Mohawk Industries by 1.3% in the third quarter. State Street Corp now owns 1,846,446 shares of the company's stock valued at $296,687,000 after buying an additional 23,016 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Mohawk Industries by 33.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company's stock worth $162,586,000 after buying an additional 254,779 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Mohawk Industries by 7.4% during the fourth quarter. Truist Financial Corp now owns 374,456 shares of the company's stock worth $44,609,000 after buying an additional 25,864 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company's stock.

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Mohawk Industries Stock Performance

Shares of NYSE MHK traded down $0.45 during midday trading on Tuesday, reaching $116.05. The company's stock had a trading volume of 726,452 shares, compared to its average volume of 700,766. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The stock has a market capitalization of $7.26 billion, a P/E ratio of 14.27, a PEG ratio of 1.44 and a beta of 1.44. The firm has a 50 day moving average price of $120.00 and a 200-day moving average price of $133.10. Mohawk Industries, Inc. has a 12-month low of $104.88 and a 12-month high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. As a group, equities analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $113.44, for a total value of $1,191,120.00. Following the sale, the insider now owns 93,584 shares of the company's stock, valued at approximately $10,616,168.96. The trade was a 10.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 17.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MHK shares. Bank of America reduced their price objective on Mohawk Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on shares of Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company cut their price target on Mohawk Industries from $135.00 to $130.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. The Goldman Sachs Group decreased their target price on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, Raymond James restated a "strong-buy" rating and set a $165.00 price objective (down previously from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th. Six equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.92.

Mohawk Industries 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.