UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 16,341 Shares of Mohawk Industries, Inc. (NYSE:MHK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 8.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 172,347 shares of the company's stock after selling 16,341 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.27% of Mohawk Industries worth $27,693,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quest Partners LLC grew its position in shares of Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company's stock worth $33,000 after buying an additional 84 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Mohawk Industries during the second quarter worth about $50,000. Blue Trust Inc. grew its stake in Mohawk Industries by 85.6% in the third quarter. Blue Trust Inc. now owns 362 shares of the company's stock worth $58,000 after purchasing an additional 167 shares in the last quarter. AM Squared Ltd bought a new stake in Mohawk Industries in the second quarter valued at about $68,000. Finally, Capital Performance Advisors LLP acquired a new stake in Mohawk Industries during the third quarter valued at approximately $73,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Suzanne L. Helen sold 660 shares of the company'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 transaction of $99,963.60. Following the completion of the transaction, the insider now directly owns 118,709 shares in the company, valued at $17,979,665.14. The trade was a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.10% of the company's stock.

Analysts Set New Price Targets

MHK has been the subject of a number of research analyst reports. Barclays lowered their price target on Mohawk Industries from $161.00 to $146.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. Jefferies Financial Group raised their price target on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Loop Capital lowered their price objective on shares of Mohawk Industries from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Wednesday. Baird R W upgraded shares of Mohawk Industries from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 21st. Finally, Truist Financial decreased their target price on Mohawk Industries from $184.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, October 28th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $161.67.

Mohawk Industries Stock Performance

Mohawk Industries stock traded up $0.57 during trading hours on Thursday, reaching $131.79. 248,870 shares of the company were exchanged, compared to its average volume of 717,586. Mohawk Industries, Inc. has a 12 month low of $90.79 and a 12 month high of $164.29. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.50 and a beta of 1.38. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $146.49 and a 200 day moving average of $138.22.

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.