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

Principal Financial Group Inc. lessened its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,229 shares of the company's stock after selling 2,495 shares during the quarter. Principal Financial Group Inc. owned approximately 0.09% of Mohawk Industries worth $7,056,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Mohawk Industries during the 3rd quarter worth approximately $36,000. Wilmington Savings Fund Society FSB purchased a new stake in Mohawk Industries in the 3rd quarter worth $55,000. True Wealth Design LLC acquired a new position in Mohawk Industries during the third quarter worth $61,000. Capital Performance Advisors LLP purchased a new position in Mohawk Industries during the third quarter valued at $73,000. Finally, Versant Capital Management Inc grew its position in shares of Mohawk Industries by 71.0% in the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company's stock valued at $64,000 after purchasing an additional 223 shares during the period. Hedge funds and other institutional investors own 78.98% of the company's stock.

Mohawk Industries Trading Down 0.1 %

NYSE:MHK traded down $0.06 on Thursday, hitting $116.95. The stock had a trading volume of 173,069 shares, compared to its average volume of 688,044. The company has a fifty day moving average price of $121.02 and a two-hundred day moving average price of $136.68. Mohawk Industries, Inc. has a 1-year low of $104.88 and a 1-year 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. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.44 and a beta of 1.41.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings results 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%. Equities research analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 4,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $126.11, for a total transaction of $504,440.00. Following the completion of the transaction, the insider now owns 104,084 shares of the company's stock, valued at approximately $13,126,033.24. This trade represents a 3.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 17,078 shares of company stock worth $2,203,387. 17.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MHK. Robert W. Baird reduced their price target on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Evercore ISI reduced their target price on Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a report on Monday, February 10th. The Goldman Sachs Group lowered their price target on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Truist Financial reduced their price objective on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Finally, Barclays lowered their target price on shares of Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.92.

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.