Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors decreased its position in Mohawk Industries, Inc. (NYSE:MHK) by 7.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,393 shares of the company’s stock after selling 363 shares during the quarter. Captrust Financial Advisors’ holdings in Mohawk Industries were worth $523,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MHK. Norges Bank bought a new position in Mohawk Industries during the fourth quarter worth $61,171,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Mohawk Industries by 35.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,366,517 shares of the company’s stock worth $162,793,000 after purchasing an additional 354,656 shares during the period. American Century Companies Inc. lifted its position in shares of Mohawk Industries by 48.7% in the 4th quarter. American Century Companies Inc. now owns 958,818 shares of the company’s stock worth $114,224,000 after buying an additional 313,897 shares during the last quarter. Invesco Ltd. lifted its position in shares of Mohawk Industries by 16.3% in the 4th quarter. Invesco Ltd. now owns 1,725,383 shares of the company’s stock worth $205,545,000 after buying an additional 241,448 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Mohawk Industries in the 4th quarter valued at about $27,519,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada dropped their price objective on shares of Mohawk Industries from $130.00 to $119.00 and set a “sector perform” rating on the stock in a research note on Monday, May 5th. Raymond James reiterated a “strong-buy” rating and set a $165.00 price target (down from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Bank of America reduced their price objective on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Truist Financial dropped 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. Finally, JPMorgan Chase & Co. cut their target price on Mohawk Industries from $156.00 to $139.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Seven investment 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 MarketBeat.com, Mohawk Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

Mohawk Industries Trading Up 0.4%

Shares of NYSE:MHK opened at $108.15 on Monday. The company has a 50 day moving average of $108.11 and a 200-day moving average of $119.95. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The firm has a market cap of $6.76 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.44 and a beta of 1.24. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, May 1st. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.11. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the firm posted $1.86 earnings per share. The firm’s revenue for the quarter was down 5.7% compared to the same quarter last year. As a group, analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $113.44, for a total value of $1,191,120.00. Following the transaction, the insider now owns 93,584 shares in the company, valued at approximately $10,616,168.96. The trade was a 10.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 17.40% of the company’s stock.

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.