Allworth Financial LP Sells 189 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Allworth Financial LP lessened its stake in Mohawk Industries, Inc. (NYSE:MHK) by 30.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 437 shares of the company’s stock after selling 189 shares during the quarter. Allworth Financial LP’s holdings in Mohawk Industries were worth $57,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in Mohawk Industries by 52.3% in the third quarter. FMR LLC now owns 2,179,510 shares of the company’s stock valued at $350,204,000 after acquiring an additional 748,070 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Mohawk Industries by 33.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company’s stock valued at $162,586,000 after purchasing an additional 254,779 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Mohawk Industries by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock valued at $485,983,000 after purchasing an additional 74,123 shares during the period. BNP Paribas Financial Markets increased its stake in Mohawk Industries by 111.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 129,186 shares of the company’s stock worth $20,758,000 after purchasing an additional 67,990 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in Mohawk Industries by 64.6% during the 3rd quarter. Bank of Montreal Can now owns 139,867 shares of the company’s stock worth $22,212,000 after buying an additional 54,914 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of Mohawk Industries stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total transaction of $1,187,947.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 19,078 shares of company stock valued at $2,474,347. Corporate insiders own 17.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MHK shares. Bank of America reduced their price target on shares of Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 10th. Loop Capital reduced their price objective on Mohawk Industries from $180.00 to $155.00 and set a “buy” rating for the company in a research 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 research report on Monday, February 10th. Truist Financial lowered their price target on Mohawk Industries from $155.00 to $148.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Finally, Wells Fargo & Company reduced their price objective on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Mohawk Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.92.

Mohawk Industries Stock Performance

NYSE:MHK opened at $118.72 on Wednesday. The company has a market capitalization of $7.49 billion, a PE ratio of 14.60, a P/E/G ratio of 1.44 and a beta of 1.41. The company has a 50 day simple moving average of $121.34 and a two-hundred day simple moving average of $137.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. Mohawk Industries, Inc. has a fifty-two week low of $104.88 and a fifty-two week high of $164.29.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.95 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%. Research analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

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.