Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. lessened its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 56.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,300 shares of the company’s stock after selling 4,274 shares during the period. Machina Capital S.A.S.’s holdings in Mohawk Industries were worth $342,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MHK. Truist Financial Corp grew its holdings in Mohawk Industries by 72.1% during the fourth quarter. Truist Financial Corp now owns 294,894 shares of the company’s stock worth $30,522,000 after acquiring an additional 123,508 shares during the period. Caxton Associates LP purchased a new position in Mohawk Industries during the third quarter worth about $1,170,000. Northern Trust Corp lifted its position in Mohawk Industries by 4.0% during the third quarter. Northern Trust Corp now owns 597,546 shares of the company’s stock worth $51,275,000 after buying an additional 23,070 shares during the period. Dark Forest Capital Management LP purchased a new position in Mohawk Industries during the third quarter worth about $397,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Mohawk Industries by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,435,283 shares of the company’s stock worth $208,972,000 after purchasing an additional 103,813 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, VP Rodney David Patton sold 1,551 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $119.51, for a total value of $185,360.01. Following the sale, the vice president now owns 15,321 shares of the company’s stock, valued at approximately $1,831,012.71. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 17.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MHK. Barclays dropped their price objective on Mohawk Industries from $122.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Monday, April 29th. Wells Fargo & Company lowered their price target on Mohawk Industries from $105.00 to $100.00 and set an “underweight” rating on the stock in a report on Monday, January 22nd. JPMorgan Chase & Co. lifted their price objective on Mohawk Industries from $122.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday. Royal Bank of Canada lifted their price objective on Mohawk Industries from $106.00 to $108.00 and gave the company a “sector perform” rating in a research report on Monday, April 29th. Finally, Truist Financial boosted their price target on Mohawk Industries from $127.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Mohawk Industries currently has an average rating of “Hold” and an average target price of $121.33.

Mohawk Industries Price Performance

MHK traded up $0.07 during trading on Tuesday, hitting $118.11. 523,877 shares of the stock traded hands, compared to its average volume of 704,182. Mohawk Industries, Inc. has a twelve month low of $76.02 and a twelve month high of $131.19. The company has a market cap of $7.54 billion, a price-to-earnings ratio of -18.05, a PEG ratio of 1.17 and a beta of 1.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.83 and a quick ratio of 1.02. The business has a 50 day moving average price of $119.12 and a 200 day moving average price of $104.86.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.16. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.64 billion. Mohawk Industries had a positive return on equity of 7.72% and a negative net margin of 3.77%. Mohawk Industries’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 earnings per share. Equities research analysts forecast that Mohawk Industries, Inc. will post 9.54 earnings per share for the current fiscal 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.