Mutual of America Capital Management LLC Decreases Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Mutual of America Capital Management LLC reduced its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,455 shares of the company’s stock after selling 233 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Mohawk Industries were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MHK. Massachusetts Financial Services Co. MA acquired a new stake in shares of Mohawk Industries in the second quarter valued at approximately $85,997,000. Pacer Advisors Inc. grew its holdings in Mohawk Industries by 42.9% during the 2nd quarter. Pacer Advisors Inc. now owns 1,200,360 shares of the company’s stock valued at $136,349,000 after buying an additional 360,628 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Mohawk Industries by 10.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,036,545 shares of the company’s stock worth $344,903,000 after buying an additional 292,661 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Mohawk Industries by 1,464.0% in the second quarter. Victory Capital Management Inc. now owns 227,357 shares of the company’s stock worth $25,825,000 after acquiring an additional 212,820 shares during the last quarter. Finally, Clearbridge Investments LLC purchased a new stake in shares of Mohawk Industries in the second quarter valued at $21,061,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 660 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the sale, the insider now directly owns 118,709 shares in the company, valued at approximately $17,979,665.14. This trade represents a 0.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 17.10% of the company’s stock.

Mohawk Industries Trading Up 4.5 %

Shares of MHK stock opened at $145.05 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a fifty-two week low of $82.71 and a fifty-two week high of $164.29. The firm’s 50 day moving average price is $149.44 and its two-hundred day moving average price is $137.39. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 1.53 and a beta of 1.38.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Loop Capital upped their target price on shares of Mohawk Industries from $145.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 29th. Baird R W raised shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Truist Financial lowered their target price on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Wells Fargo & Company raised Mohawk Industries from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $140.00 to $160.00 in a research note on Monday, October 7th. Finally, Royal Bank of Canada decreased their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Five equities 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 stock. According to data from MarketBeat, Mohawk Industries has a consensus rating of “Moderate Buy” and an average target price of $162.08.

Mohawk Industries 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.