Mutual of America Capital Management LLC Decreases Stake in Mohawk Industries, Inc. (NYSE:MHK)

Mutual of America Capital Management LLC cut its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 3.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,455 shares of the company’s stock after selling 233 shares during the period. Mutual of America Capital Management LLC’s holdings in Mohawk Industries were worth $1,037,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MHK. Quest Partners LLC boosted its holdings in Mohawk Industries by 40.0% in the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after purchasing an additional 84 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Mohawk Industries during the 2nd quarter valued at approximately $50,000. Blue Trust Inc. grew its position in shares of Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after buying an additional 167 shares in the last quarter. AM Squared Ltd bought a new stake in shares of Mohawk Industries in the second quarter worth $68,000. Finally, Capital Performance Advisors LLP acquired a new stake in Mohawk Industries in the third quarter valued at $73,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 660 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $17,979,665.14. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 17.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MHK. Truist Financial reduced their price target on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Royal Bank of Canada decreased their target price on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Robert W. Baird raised 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 report on Monday, October 21st. The Goldman Sachs Group lifted their price objective on shares of Mohawk Industries from $141.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, Loop Capital raised their price target on shares of Mohawk Industries from $145.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and an average price target of $162.08.

Mohawk Industries Trading Up 4.5 %

Shares of MHK stock opened at $145.05 on Tuesday. Mohawk Industries, Inc. has a 1 year low of $82.71 and a 1 year high of $164.29. The firm has a market capitalization of $9.16 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.53 and a beta of 1.38. The stock has a fifty day moving average of $149.44 and a two-hundred day moving average of $137.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03.

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.