Thrivent Financial for Lutherans Lowers Stake in Mohawk Industries, Inc. (NYSE:MHK)

Thrivent Financial for Lutherans trimmed its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 26.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,845 shares of the company's stock after selling 12,658 shares during the period. Thrivent Financial for Lutherans owned approximately 0.06% of Mohawk Industries worth $4,270,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Mohawk Industries during the third quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB bought a new stake in Mohawk Industries during the 3rd quarter valued at $55,000. True Wealth Design LLC acquired a new position in Mohawk Industries during the third quarter worth $61,000. Versant Capital Management Inc lifted its stake 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 buying an additional 223 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Mohawk Industries during the fourth quarter valued at about $66,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction on Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the completion of the sale, the insider now owns 93,584 shares of the company's stock, valued at approximately $10,616,168.96. This trade represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.10% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

MHK has been the topic of a number of analyst reports. Robert W. Baird lowered their target price on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Wells Fargo & Company lowered their price objective on Mohawk Industries from $135.00 to $130.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. 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, February 10th. Evercore ISI lowered their price target on Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a research report on Monday, February 10th. 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 research note on Monday, February 10th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Mohawk Industries presently has a consensus rating of "Moderate Buy" and an average price target of $146.92.

Mohawk Industries Stock Performance

MHK stock traded down $3.41 during midday trading on Friday, reaching $113.78. 587,979 shares of the company's stock traded hands, compared to its average volume of 723,684. Mohawk Industries, Inc. has a 52 week low of $104.88 and a 52 week high of $164.29. The company has a 50-day moving average price of $119.00 and a two-hundred day moving average price of $132.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The firm has a market capitalization of $7.12 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings data 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 return on equity of 8.04% and a net margin of 4.78%. As a group, equities analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

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.