Atria Investments Inc Has $473,000 Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Atria Investments Inc trimmed its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 11.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,944 shares of the company’s stock after selling 396 shares during the period. Atria Investments Inc’s holdings in Mohawk Industries were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MHK. Capital Performance Advisors LLP purchased a new stake in shares of Mohawk Industries in the third quarter worth approximately $73,000. Principal Financial Group Inc. lifted its stake in Mohawk Industries by 4.4% in the third quarter. Principal Financial Group Inc. now owns 61,724 shares of the company’s stock valued at $9,918,000 after acquiring an additional 2,601 shares during the last quarter. Olympiad Research LP bought a new stake in Mohawk Industries in the third quarter worth $303,000. Asset Management One Co. Ltd. boosted its stake in shares of Mohawk Industries by 19.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,003 shares of the company’s stock worth $161,000 after acquiring an additional 165 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Mohawk Industries by 36.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,373 shares of the company’s stock valued at $1,506,000 after acquiring an additional 2,507 shares during the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Loop Capital upped their price objective on shares of Mohawk Industries from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Jefferies Financial Group upped their price target on Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Bank of America raised shares of Mohawk Industries from an “underperform” rating to a “buy” rating and increased their price target for the stock from $120.00 to $177.00 in a research report on Friday, July 26th. Wells Fargo & Company upgraded shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $140.00 to $160.00 in a research note on Monday, October 7th. Finally, Truist Financial dropped their price target on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a report on Monday, October 28th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $162.08.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $135.73 on Thursday. Mohawk Industries, Inc. has a one year low of $82.71 and a one year high of $164.29. The stock has a market cap of $8.57 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 1.55 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 stock has a 50-day moving average of $150.04 and a 200-day moving average of $136.97.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 660 shares of the stock in a transaction dated Monday, September 9th. The shares were 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. This represents a 0.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 17.10% 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.