Sumitomo Mitsui Trust Group Inc. cut its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 81.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,042 shares of the company's stock after selling 9,244 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in Mohawk Industries were worth $243,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of MHK. Exchange Traded Concepts LLC raised its position in Mohawk Industries by 2,773.6% in the third quarter. Exchange Traded Concepts LLC now owns 1,523 shares of the company's stock valued at $245,000 after purchasing an additional 1,470 shares during the period. Creative Planning raised its holdings in shares of Mohawk Industries by 6.9% during the 3rd quarter. Creative Planning now owns 3,114 shares of the company's stock valued at $500,000 after buying an additional 200 shares during the period. Blue Trust Inc. lifted its position in Mohawk Industries by 85.6% during the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company's stock worth $58,000 after acquiring an additional 167 shares in the last quarter. Friedenthal Financial purchased a new position in Mohawk Industries in the 3rd quarter worth approximately $784,000. Finally, TriaGen Wealth Management LLC acquired a new stake in Mohawk Industries in the third quarter valued at approximately $512,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.
Mohawk Industries Stock Performance
Shares of NYSE:MHK traded down $0.90 on Wednesday, reaching $118.54. 339,139 shares of the company's stock were exchanged, compared to its average volume of 802,968. Mohawk Industries, Inc. has a fifty-two week low of $104.88 and a fifty-two week high of $164.29. The business's 50-day moving average is $122.66 and its two-hundred day moving average is $139.08. 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 firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 1.47 and a beta of 1.41.
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, topping analysts' consensus estimates of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. As a group, equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.
Insider Activity at Mohawk Industries
In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total value of $1,187,947.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 19,078 shares of company stock worth $2,474,347 in the last 90 days. 17.10% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Raymond James reissued a "strong-buy" rating and set a $165.00 target price (down from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Truist Financial decreased their price objective on shares of Mohawk Industries from $155.00 to $148.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Loop Capital dropped their target price on Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. StockNews.com downgraded Mohawk Industries from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Finally, Barclays dropped their price objective on Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Six 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, Mohawk Industries currently has an average rating of "Moderate Buy" and a consensus target price of $146.92.
Read Our Latest Report on MHK
Mohawk Industries Company Profile
(
Free Report)
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.
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