Savant Capital LLC Sells 3,659 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Savant Capital LLC lowered its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 74,341 shares of the company's stock after selling 3,659 shares during the period. Savant Capital LLC owned 0.12% of Mohawk Industries worth $8,856,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning increased its holdings in shares of Mohawk Industries by 7.6% during the second quarter. Creative Planning now owns 2,914 shares of the company's stock valued at $331,000 after acquiring an additional 207 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Mohawk Industries during the second quarter valued at approximately $371,000. CWM LLC increased its holdings in shares of Mohawk Industries by 1,024.3% during the third quarter. CWM LLC now owns 7,443 shares of the company's stock valued at $1,196,000 after acquiring an additional 6,781 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of Mohawk Industries during the third quarter valued at approximately $976,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Mohawk Industries by 2,773.6% during the third quarter. Exchange Traded Concepts LLC now owns 1,523 shares of the company's stock valued at $245,000 after acquiring an additional 1,470 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company's stock.

Mohawk Industries Stock Performance

Shares of MHK traded up $1.36 during mid-day trading on Friday, hitting $121.05. The stock had a trading volume of 779,165 shares, compared to its average volume of 831,656. The firm has a market cap of $7.64 billion, a P/E ratio of 14.89, a PEG ratio of 1.60 and a beta of 1.41. The business has a fifty day moving average price of $122.89 and a 200-day moving average price of $139.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. Mohawk Industries, Inc. has a 52 week low of $104.88 and a 52 week high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating 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 expect that Mohawk Industries, Inc. will post 10.71 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MHK shares. Royal Bank of Canada decreased their price objective on Mohawk Industries from $140.00 to $134.00 and set a "sector perform" rating for the company in a report on Monday, October 28th. Wells Fargo & Company cut their target price on 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. Raymond James reaffirmed a "strong-buy" rating and set a $165.00 target price (down previously from $185.00) on shares of Mohawk Industries in a research report on Monday. Evercore ISI cut their target price on Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating on the stock in a research report on Monday. Finally, Truist Financial cut their target price on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating on the stock in a research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $146.92.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,000 shares of the business's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total value of $270,960.00. Following the sale, the insider now directly owns 2,453 shares in the company, valued at $332,332.44. The trade was a 44.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 19,078 shares of company stock worth $2,474,347 over the last ninety days. 17.10% of the stock is currently owned by company insiders.

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.