Geode Capital Management LLC Decreases Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Geode Capital Management LLC cut its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,275,524 shares of the company’s stock after selling 3,492 shares during the quarter. Geode Capital Management LLC’s holdings in Mohawk Industries were worth $204,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MHK. M&T Bank Corp boosted its stake in shares of Mohawk Industries by 9.1% during the third quarter. M&T Bank Corp now owns 3,517 shares of the company’s stock valued at $565,000 after purchasing an additional 293 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Mohawk Industries by 1.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,569 shares of the company’s stock valued at $3,305,000 after buying an additional 336 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Mohawk Industries by 11.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,518 shares of the company’s stock valued at $244,000 after buying an additional 161 shares during the last quarter. MML Investors Services LLC purchased a new stake in Mohawk Industries during the 3rd quarter valued at $1,078,000. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of Mohawk Industries in the third quarter valued at about $224,000. 78.98% of the stock is currently owned by institutional investors.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of Mohawk Industries stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total transaction of $1,187,947.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 17.10% of the company’s stock.

Mohawk Industries Price Performance

Shares of MHK opened at $127.81 on Monday. Mohawk Industries, Inc. has a fifty-two week low of $96.28 and a fifty-two week high of $164.29. The firm’s 50-day simple moving average is $142.63 and its two-hundred day simple moving average is $139.05. The stock has a market cap of $8.07 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.45 and a beta of 1.38. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03.

Analyst Ratings Changes

MHK has been the subject of a number of analyst reports. Barclays dropped their target price on shares of Mohawk Industries from $146.00 to $141.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Robert W. Baird raised Mohawk Industries from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $160.00 to $196.00 in a research note on Monday, October 21st. 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 upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Finally, Jefferies Financial Group upped their price objective on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mohawk Industries currently has a consensus rating of “Moderate Buy” and an average target price of $161.25.

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.