Greenwood Capital Associates LLC Lowers Position in Mohawk Industries, Inc. (NYSE:MHK)

Greenwood Capital Associates LLC lessened its stake in Mohawk Industries, Inc. (NYSE:MHK) by 2.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,430 shares of the company’s stock after selling 114 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Mohawk Industries were worth $712,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MHK. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Mohawk Industries during the first quarter valued at $1,450,000. O Shaughnessy Asset Management LLC purchased a new stake in Mohawk Industries during the first quarter valued at $1,450,000. Sei Investments Co. raised its stake in Mohawk Industries by 2,040.6% during the first quarter. Sei Investments Co. now owns 62,720 shares of the company’s stock valued at $8,209,000 after purchasing an additional 59,790 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Mohawk Industries by 20.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 61,447 shares of the company’s stock valued at $8,043,000 after purchasing an additional 10,274 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Mohawk Industries by 0.3% during the first quarter. Vanguard Group Inc. now owns 6,257,677 shares of the company’s stock valued at $819,067,000 after purchasing an additional 17,541 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Trading Up 2.7 %

NYSE MHK opened at $140.45 on Wednesday. The company’s 50-day moving average price is $152.16 and its 200-day moving average price is $135.00. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The stock has a market cap of $8.86 billion, a PE ratio of 15.91, a PEG ratio of 1.46 and a beta of 1.38. Mohawk Industries, Inc. has a 12 month low of $78.30 and a 12 month high of $164.29.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 660 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $151.46, for a total value of $99,963.60. Following the transaction, the insider now directly owns 118,709 shares in the company, valued at approximately $17,979,665.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $151.46, for a total transaction of $99,963.60. Following the transaction, the insider now directly owns 118,709 shares in the company, valued at $17,979,665.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Suzanne L. Helen sold 2,300 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $151.15, for a total transaction of $347,645.00. Following the transaction, the insider now owns 119,369 shares in the company, valued at approximately $18,042,624.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 17.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MHK. Jefferies Financial Group upped their price target on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada decreased their price target on shares of Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Robert W. Baird raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their price target for the company from $160.00 to $196.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. increased their target price on shares of Mohawk Industries from $124.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Baird R W raised shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Mohawk Industries has an average rating of “Moderate Buy” and an average target price of $162.08.

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.