Assenagon Asset Management S.A. Sells 88,587 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Assenagon Asset Management S.A. trimmed its stake in Mohawk Industries, Inc. (NYSE:MHK) by 64.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,535 shares of the company’s stock after selling 88,587 shares during the period. Assenagon Asset Management S.A. owned about 0.08% of Mohawk Industries worth $5,782,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its stake in Mohawk Industries by 12.8% in the second quarter. Envestnet Asset Management Inc. now owns 61,360 shares of the company’s stock worth $6,970,000 after purchasing an additional 6,984 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Mohawk Industries by 18.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,260 shares of the company’s stock worth $484,000 after purchasing an additional 661 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Mohawk Industries by 36.9% in the second quarter. Hsbc Holdings PLC now owns 68,876 shares of the company’s stock worth $7,763,000 after purchasing an additional 18,562 shares in the last quarter. XTX Topco Ltd acquired a new position in Mohawk Industries in the second quarter worth $235,000. Finally, Sei Investments Co. boosted its stake in Mohawk Industries by 27.3% in the second quarter. Sei Investments Co. now owns 79,815 shares of the company’s stock worth $9,066,000 after purchasing an additional 17,095 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. StockNews.com raised Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Tuesday. The Goldman Sachs Group reduced their price objective on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Baird R W raised Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Barclays cut their price target on Mohawk Industries from $141.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Finally, Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mohawk Industries currently has an average rating of “Moderate Buy” and an average price target of $155.00.

Mohawk Industries Stock Up 0.5 %

NYSE:MHK opened at $129.31 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. The company has a market cap of $8.16 billion, a PE ratio of 14.64, a PEG ratio of 1.15 and a beta of 1.41. Mohawk Industries, Inc. has a 52-week low of $96.28 and a 52-week high of $164.29. The stock has a 50-day simple moving average of $128.41 and a 200 day simple moving average of $140.49.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the completion of the transaction, the insider now directly owns 104,084 shares in the company, valued at $13,126,033.24. This trade represents a 3.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 19,078 shares of company stock worth $2,474,347 over the last ninety days. 17.10% of the stock is currently owned by corporate insiders.

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.