Thrivent Financial for Lutherans Lowers Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Thrivent Financial for Lutherans reduced its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 0.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,503 shares of the company’s stock after selling 88 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Mohawk Industries worth $7,793,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. O Shaughnessy Asset Management LLC purchased a new position in Mohawk Industries during the first quarter worth approximately $1,450,000. CANADA LIFE ASSURANCE Co raised its position in shares of Mohawk Industries by 3.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 12,148 shares of the company’s stock worth $1,590,000 after buying an additional 405 shares during the period. Natixis boosted its holdings in Mohawk Industries by 61.3% in the first quarter. Natixis now owns 4,510 shares of the company’s stock valued at $590,000 after acquiring an additional 1,714 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Mohawk Industries by 2.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 73,755 shares of the company’s stock valued at $9,654,000 after acquiring an additional 2,112 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Mohawk Industries during the first quarter worth about $228,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Mohawk Industries Stock Up 0.9 %

MHK stock opened at $138.77 on Friday. 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 firm has a 50 day simple moving average of $149.80 and a 200-day simple moving average of $136.98. The company has a market capitalization of $8.76 billion, a P/E ratio of 15.72, a PEG ratio of 1.50 and a beta of 1.38. Mohawk Industries, Inc. has a twelve month low of $82.71 and a twelve month high of $164.29.

Insiders Place Their Bets

In other 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 owns 118,709 shares of the company’s stock, valued at approximately $17,979,665.14. This trade represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 17.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Truist Financial decreased their target price on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a report on Monday, October 28th. Baird R W raised shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Jefferies Financial Group lifted their target price on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on Mohawk Industries from $124.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group boosted their price objective on Mohawk Industries from $141.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.08.

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.