Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. cut its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 43.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,099 shares of the company’s stock after selling 2,398 shares during the period. D.A. Davidson & CO.’s holdings in Mohawk Industries were worth $369,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Truist Financial Corp raised its stake in shares of Mohawk Industries by 7.4% during the fourth quarter. Truist Financial Corp now owns 374,456 shares of the company’s stock worth $44,609,000 after purchasing an additional 25,864 shares during the last quarter. CIBC Asset Management Inc increased its stake in Mohawk Industries by 2.5% in the 4th quarter. CIBC Asset Management Inc now owns 7,816 shares of the company’s stock valued at $931,000 after buying an additional 190 shares during the period. Sanctuary Advisors LLC raised its position in Mohawk Industries by 16.9% during the 4th quarter. Sanctuary Advisors LLC now owns 3,541 shares of the company’s stock worth $448,000 after buying an additional 511 shares during the last quarter. Palouse Capital Management Inc. acquired a new stake in shares of Mohawk Industries in the 4th quarter worth $102,000. Finally, New York State Teachers Retirement System boosted its holdings in shares of Mohawk Industries by 7.7% in the fourth quarter. New York State Teachers Retirement System now owns 50,028 shares of the company’s stock valued at $5,960,000 after acquiring an additional 3,560 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Mohawk Industries Stock Down 0.2 %

Shares of NYSE MHK opened at $118.49 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The firm’s 50-day moving average is $121.33 and its two-hundred day moving average is $137.71. Mohawk Industries, Inc. has a 12-month low of $104.88 and a 12-month high of $164.29. The company has a market capitalization of $7.42 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.44 and a beta of 1.41.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. Equities analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MHK has been the subject of several analyst reports. Robert W. Baird cut their price target on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a report on Monday, February 10th. JPMorgan Chase & Co. reduced their price target on Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Wolfe Research upgraded 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. Evercore ISI cut their price objective on Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Finally, StockNews.com lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Six 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $146.92.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total value of $1,187,947.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 19,078 shares of company stock valued at $2,474,347 over the last quarter. Insiders own 17.10% of the company’s stock.

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.