Mohawk Industries, Inc. (NYSE:MHK) is Kinney Asset Management LLC’s 4th Largest Position

Kinney Asset Management LLC decreased its position in Mohawk Industries, Inc. (NYSE:MHK) by 68.9% during the third quarter, Holdings Channel.com reports. The fund owned 87,490 shares of the company’s stock after selling 194,000 shares during the quarter. Mohawk Industries accounts for approximately 13.2% of Kinney Asset Management LLC’s investment portfolio, making the stock its 4th largest position. Kinney Asset Management LLC’s holdings in Mohawk Industries were worth $14,058,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC raised its position in Mohawk Industries by 40.0% during the 2nd 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 bought a new position in shares of Mohawk Industries during the second quarter valued at approximately $50,000. Blue Trust Inc. lifted its stake in Mohawk Industries by 85.6% in the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after acquiring an additional 167 shares during the period. Quent Capital LLC boosted its holdings in Mohawk Industries by 27.2% in the first quarter. Quent Capital LLC now owns 496 shares of the company’s stock valued at $65,000 after acquiring an additional 106 shares in the last quarter. Finally, AM Squared Ltd bought a new stake in Mohawk Industries in the second quarter valued at $68,000. 78.98% of the stock is owned by institutional investors.

Mohawk Industries Price Performance

Shares of NYSE:MHK opened at $134.28 on Friday. The business has a 50-day simple moving average of $152.80 and a two-hundred day simple moving average of $134.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 1.46 and a beta of 1.38. Mohawk Industries, Inc. has a fifty-two week low of $78.30 and a fifty-two week high of $164.29.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. 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. Robert W. Baird upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $160.00 to $196.00 in a research report on Monday, October 21st. Truist Financial dropped their target price on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Loop Capital lifted their price target on shares of Mohawk Industries from $145.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Bank of America raised shares of Mohawk Industries from an “underperform” rating to a “buy” rating and raised their target price for the company from $120.00 to $177.00 in a research note on Friday, July 26th. Five 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $162.08.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,300 shares of Mohawk Industries stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $151.15, for a total value of $347,645.00. Following the completion of the sale, the insider now owns 119,369 shares of the company’s stock, valued at approximately $18,042,624.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.46, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzanne L. Helen sold 2,300 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $151.15, for a total value of $347,645.00. Following the sale, the insider now owns 119,369 shares of the company’s stock, valued at approximately $18,042,624.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,660 shares of company stock worth $550,488 over the last quarter. Company insiders own 17.10% of the company’s stock.

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.