Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 5.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,030 shares of the company’s stock after selling 186 shares during the quarter. Sanctuary Advisors LLC’s holdings in Mohawk Industries were worth $487,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. boosted its stake in shares of Mohawk Industries by 8.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 84,535 shares of the company’s stock valued at $13,583,000 after buying an additional 6,863 shares during the period. Maverick Capital Ltd. purchased a new position in Mohawk Industries in the second quarter worth approximately $1,253,000. Natixis Advisors LLC grew its holdings in Mohawk Industries by 19.8% during the 3rd quarter. Natixis Advisors LLC now owns 87,477 shares of the company’s stock worth $14,056,000 after acquiring an additional 14,480 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of Mohawk Industries by 115.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 90,784 shares of the company’s stock valued at $10,312,000 after purchasing an additional 48,653 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Mohawk Industries by 4.5% in the 2nd quarter. American Century Companies Inc. now owns 914,578 shares of the company’s stock valued at $103,887,000 after purchasing an additional 39,653 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Up 0.5 %

Shares of Mohawk Industries stock opened at $120.19 on Thursday. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $137.52 and a 200 day moving average price of $139.20. Mohawk Industries, Inc. has a fifty-two week low of $96.28 and a fifty-two week high of $164.29. The firm has a market cap of $7.59 billion, a P/E ratio of 13.61, a P/E/G ratio of 1.41 and a beta of 1.38.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 9,078 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total value of $1,187,947.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 19,078 shares of company stock worth $2,474,347. 17.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MHK has been the subject of several analyst reports. StockNews.com cut Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Loop Capital lowered their price target on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. Robert W. Baird raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Wells Fargo & Company lowered their target price on shares of Mohawk Industries from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Finally, Baird R W upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.17.

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.