Graypoint LLC Has $348,000 Stake in Mohawk Industries, Inc. (NYSE:MHK)

Graypoint LLC lowered its position in Mohawk Industries, Inc. (NYSE:MHK) by 10.2% during the fourth quarter, Holdings Channel reports. The firm owned 3,364 shares of the company’s stock after selling 384 shares during the period. Graypoint LLC’s holdings in Mohawk Industries were worth $348,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gyon Technologies Capital Management LP acquired a new position in shares of Mohawk Industries in the 4th quarter worth approximately $30,000. Rockefeller Capital Management L.P. lifted its position in shares of Mohawk Industries by 143.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 307 shares of the company’s stock worth $31,000 after purchasing an additional 181 shares during the period. UniSuper Management Pty Ltd acquired a new position in shares of Mohawk Industries during the 2nd quarter valued at $41,000. Huntington National Bank lifted its position in shares of Mohawk Industries by 36.0% during the 3rd quarter. Huntington National Bank now owns 540 shares of the company’s stock valued at $46,000 after acquiring an additional 143 shares during the period. Finally, Covestor Ltd lifted its position in shares of Mohawk Industries by 191.0% during the 1st quarter. Covestor Ltd now owns 390 shares of the company’s stock valued at $49,000 after acquiring an additional 256 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of Mohawk Industries from $100.00 to $122.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. TheStreet upgraded shares of Mohawk Industries from a “d+” rating to a “c-” rating in a report on Monday, March 4th. StockNews.com upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating and upped their price objective for the stock from $98.00 to $152.00 in a report on Monday, February 12th. Finally, The Goldman Sachs Group upped their price objective on shares of Mohawk Industries from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $117.56.

Mohawk Industries Trading Down 3.8 %

NYSE MHK opened at $113.17 on Monday. Mohawk Industries, Inc. has a 1 year low of $76.02 and a 1 year high of $131.19. The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $119.18 and a 200-day moving average price of $101.42.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Friday, February 9th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.10. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.56 billion. Mohawk Industries had a negative net margin of 3.95% and a positive return on equity of 7.52%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.32 EPS. As a group, sell-side analysts anticipate that Mohawk Industries, Inc. will post 9.56 earnings per share for the current year.

Insider Activity at Mohawk Industries

In related news, VP Rodney David Patton sold 1,551 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $119.51, for a total transaction of $185,360.01. Following the completion of the transaction, the vice president now owns 15,321 shares in the company, valued at $1,831,012.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. 17.10% of the stock is owned by company insiders.

About Mohawk Industries

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.