Olstein Capital Management L.P. Sells 28,300 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Olstein Capital Management L.P. lowered its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 34.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,700 shares of the company’s stock after selling 28,300 shares during the quarter. Mohawk Industries accounts for about 1.5% of Olstein Capital Management L.P.’s portfolio, making the stock its 23rd biggest position. Olstein Capital Management L.P. owned about 0.09% of Mohawk Industries worth $8,629,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quest Partners LLC lifted its holdings in shares of 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 in the last quarter. Headlands Technologies LLC acquired a new position in Mohawk Industries during the 2nd quarter worth approximately $50,000. Blue Trust Inc. grew its stake in shares of Mohawk Industries by 85.6% during the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after acquiring an additional 167 shares in the last quarter. AM Squared Ltd acquired a new stake in shares of Mohawk Industries in the second quarter valued at approximately $68,000. Finally, Allworth Financial LP lifted its position in shares of Mohawk Industries by 20.6% in the third quarter. Allworth Financial LP now owns 626 shares of the company’s stock worth $101,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MHK shares. Barclays lowered their price target on shares of Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Jefferies Financial Group upped their target price on Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Robert W. Baird upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their price target for the company from $160.00 to $196.00 in a research note on Monday, October 21st. Wells Fargo & Company raised Mohawk Industries from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $140.00 to $160.00 in a research report on Monday, October 7th. Finally, The Goldman Sachs Group increased their price objective on Mohawk Industries from $141.00 to $185.00 and gave the company a “buy” rating in a report on Monday, July 29th. Five 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $162.08.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 660 shares of Mohawk Industries stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the completion of the sale, the insider now owns 118,709 shares of the company’s stock, valued at approximately $17,979,665.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Suzanne L. Helen sold 2,300 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total transaction of $347,645.00. Following the sale, the insider now owns 119,369 shares of the company’s stock, valued at $18,042,624.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Suzanne L. Helen sold 660 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $17,979,665.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 17.10% of the company’s stock.

Mohawk Industries Stock Performance

Shares of Mohawk Industries stock traded down $0.65 on Thursday, hitting $146.95. The stock had a trading volume of 84,143 shares, compared to its average volume of 721,823. The stock has a market cap of $9.28 billion, a price-to-earnings ratio of 16.72, a price-to-earnings-growth ratio of 1.50 and a beta of 1.38. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a twelve month low of $78.30 and a twelve month high of $164.29. The business’s 50 day moving average is $152.02 and its two-hundred day moving average is $135.09.

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.