O Shaughnessy Asset Management LLC Trims Position in Mohawk Industries, Inc. (NYSE:MHK)

O Shaughnessy Asset Management LLC lowered its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,755 shares of the company’s stock after selling 12,893 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.11% of Mohawk Industries worth $8,072,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Mohawk Industries during the 3rd quarter worth approximately $55,000. Versant Capital Management Inc raised its stake in shares of Mohawk Industries by 71.0% during the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock worth $64,000 after purchasing an additional 223 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Mohawk Industries during the fourth quarter worth $66,000. Jones Financial Companies Lllp grew its position in Mohawk Industries by 233.0% in the 4th quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock valued at $85,000 after buying an additional 501 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in Mohawk Industries in the 4th quarter valued at $88,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Trading Up 0.7 %

Shares of MHK stock opened at $114.93 on Wednesday. The stock has a market cap of $7.19 billion, a P/E ratio of 14.14, a P/E/G ratio of 1.44 and a beta of 1.44. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a fifty-two week low of $104.88 and a fifty-two week high of $164.29. The business has a fifty day simple moving average of $118.38 and a 200-day simple moving average of $131.63.

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

Wall Street Analysts Forecast Growth

MHK has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price objective on shares of Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Bank of America dropped their target price on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft assumed coverage on Mohawk Industries in a report on Tuesday. They issued a “hold” rating and a $121.00 price target for the company. Finally, Truist Financial dropped their price objective on Mohawk Industries from $155.00 to $148.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $145.07.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the completion of the transaction, the insider now owns 93,584 shares of the company’s stock, valued at approximately $10,616,168.96. This trade represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.