Thompson Siegel & Walmsley LLC Cuts Position in Mohawk Industries, Inc. (NYSE:MHK)

Thompson Siegel & Walmsley LLC trimmed its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 84.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,516 shares of the company's stock after selling 76,268 shares during the period. Thompson Siegel & Walmsley LLC's holdings in Mohawk Industries were worth $2,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA bought a new position in Mohawk Industries in the 2nd quarter worth approximately $85,997,000. Pacer Advisors Inc. boosted its holdings in shares of Mohawk Industries by 42.9% in the second quarter. Pacer Advisors Inc. now owns 1,200,360 shares of the company's stock worth $136,349,000 after acquiring an additional 360,628 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Mohawk Industries by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,036,545 shares of the company's stock valued at $344,903,000 after purchasing an additional 292,661 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Mohawk Industries by 1,464.0% during the 2nd quarter. Victory Capital Management Inc. now owns 227,357 shares of the company's stock valued at $25,825,000 after purchasing an additional 212,820 shares during the period. Finally, Clearbridge Investments LLC purchased a new stake in Mohawk Industries during the 2nd quarter worth about $21,061,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

Mohawk Industries Stock Performance

Shares of NYSE:MHK traded up $1.28 during midday trading on Friday, hitting $138.77. The company had a trading volume of 436,216 shares, compared to its average volume of 945,498. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.52 and a beta of 1.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. The company has a fifty day moving average of $149.44 and a two-hundred day moving average of $137.12. Mohawk Industries, Inc. has a 12-month low of $82.71 and a 12-month high of $164.29.

Insider Transactions at Mohawk Industries

In related 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 transaction, the insider now directly owns 118,709 shares of the company's stock, valued at approximately $17,979,665.14. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on MHK. Robert W. Baird upgraded shares of Mohawk Industries from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $160.00 to $196.00 in a research report on Monday, October 21st. Bank of America upgraded Mohawk Industries from an "underperform" rating to a "buy" rating and upped their target price for the stock from $120.00 to $177.00 in a research note on Friday, July 26th. Royal Bank of Canada cut 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. Jefferies Financial Group lifted their target price on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, Truist Financial cut their target price on shares of Mohawk Industries from $184.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Five 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $162.08.

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.