Metis Global Partners LLC Sells 182 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Metis Global Partners LLC reduced its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 7.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,433 shares of the company’s stock after selling 182 shares during the quarter. Metis Global Partners LLC’s holdings in Mohawk Industries were worth $290,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Choreo LLC bought a new position in shares of Mohawk Industries during the 4th quarter worth approximately $258,000. Meeder Asset Management Inc. grew its stake in shares of Mohawk Industries by 8.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 84,535 shares of the company’s stock worth $13,583,000 after acquiring an additional 6,863 shares in the last quarter. Townsend & Associates Inc grew its stake in shares of Mohawk Industries by 1.2% during the 4th quarter. Townsend & Associates Inc now owns 263,143 shares of the company’s stock worth $34,382,000 after acquiring an additional 3,078 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Mohawk Industries during the 4th quarter worth approximately $997,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Mohawk Industries by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock valued at $485,983,000 after buying an additional 74,123 shares during the last quarter. 78.98% of the stock is owned by institutional investors.

Mohawk Industries Stock Up 1.2 %

MHK opened at $118.37 on Friday. Mohawk Industries, Inc. has a fifty-two week low of $104.88 and a fifty-two week high of $164.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The company has a market capitalization of $7.41 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.44 and a beta of 1.41. The stock has a fifty day moving average of $121.02 and a 200-day moving average of $136.68.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. On average, equities analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 4,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the transaction, the insider now owns 104,084 shares in the company, valued at approximately $13,126,033.24. This trade represents a 3.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 17,078 shares of company stock valued at $2,203,387. 17.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MHK shares. JPMorgan Chase & Co. cut their price objective on Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Loop Capital cut their price objective on Mohawk Industries from $180.00 to $155.00 and set a “buy” rating for the company in a report on Monday, February 10th. Truist Financial cut their price objective on Mohawk Industries from $155.00 to $148.00 and set a “buy” rating for the company in a report on Monday, February 10th. Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price target for the company in a report on Wednesday, January 8th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $165.00 price target (down previously from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th. Six 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.92.

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.