Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. trimmed its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,080 shares of the company’s stock after selling 78 shares during the period. MidWestOne Financial Group Inc.’s holdings in Mohawk Industries were worth $236,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quest Partners LLC grew its holdings in Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after purchasing an additional 84 shares in the last quarter. Quarry LP grew its holdings in Mohawk Industries by 70.4% during the 4th quarter. Quarry LP now owns 421 shares of the company’s stock worth $44,000 after acquiring an additional 174 shares in the last quarter. Headlands Technologies LLC acquired a new position in Mohawk Industries during the 2nd quarter worth $50,000. Quent Capital LLC grew its holdings in Mohawk Industries by 27.2% during the 1st quarter. Quent Capital LLC now owns 496 shares of the company’s stock worth $65,000 after acquiring an additional 106 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its holdings in Mohawk Industries by 32,500.0% during the 4th quarter. TFO Wealth Partners LLC now owns 652 shares of the company’s stock worth $67,000 after acquiring an additional 650 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MHK has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Mohawk Industries from $141.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Robert W. Baird raised their price objective on shares of Mohawk Industries from $132.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Wells Fargo & Company raised their price target on shares of Mohawk Industries from $110.00 to $140.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Raymond James upgraded shares of Mohawk Industries from a “market perform” rating to a “strong-buy” rating and set a $140.00 price target on the stock in a research report on Monday, June 10th. Finally, Loop Capital raised their price target on shares of Mohawk Industries from $145.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mohawk Industries has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Mohawk Industries Trading Up 1.5 %

Shares of NYSE:MHK opened at $158.81 on Friday. The company has a market cap of $10.14 billion, a PE ratio of -24.28, a P/E/G ratio of 1.23 and a beta of 1.37. The company’s 50-day moving average price is $150.67 and its 200 day moving average price is $129.19. Mohawk Industries, Inc. has a fifty-two week low of $76.02 and a fifty-two week high of $164.05. The company has a quick ratio of 1.04, a current ratio of 1.92 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, July 25th. The company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.25. Mohawk Industries had a negative net margin of 3.30% and a positive return on equity of 8.07%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the firm posted $2.76 EPS. Mohawk Industries’s quarterly revenue was down 5.1% compared to the same quarter last year. Sell-side analysts anticipate that Mohawk Industries, Inc. will post 10 earnings per share for the current year.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 700 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $146.97, for a total transaction of $102,879.00. Following the sale, the insider now directly owns 121,669 shares in the company, valued at approximately $17,881,692.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Mohawk Industries news, insider Suzanne L. Helen sold 700 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $146.97, for a total transaction of $102,879.00. Following the sale, the insider now directly owns 121,669 shares in the company, valued at approximately $17,881,692.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Suzanne L. Helen sold 660 shares of the business’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 owns 118,709 shares in the company, valued at $17,979,665.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,415 shares of company stock worth $673,387. 17.10% of the stock is 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.