Venturi Wealth Management LLC Sells 117 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Venturi Wealth Management LLC decreased its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 4.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,768 shares of the company’s stock after selling 117 shares during the period. Venturi Wealth Management LLC’s holdings in Mohawk Industries were worth $330,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Choreo LLC acquired a new position in Mohawk Industries during the fourth quarter valued at approximately $258,000. Meeder Asset Management Inc. boosted its holdings 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 buying an additional 6,863 shares during the period. JPMorgan Chase & Co. grew its stake in 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. Natixis Advisors LLC raised its holdings in Mohawk Industries by 19.8% in the 3rd quarter. Natixis Advisors LLC now owns 87,477 shares of the company’s stock worth $14,056,000 after acquiring an additional 14,480 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new position in Mohawk Industries during the 4th quarter worth $536,000. 78.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MHK. Truist Financial lowered their price target on Mohawk Industries from $155.00 to $148.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Loop Capital lowered their target price on Mohawk Industries from $180.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Bank of America dropped their price target on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Robert W. Baird reduced their price objective on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $165.00 target price (down previously from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Mohawk Industries currently has an average rating of “Moderate Buy” and a consensus price target of $146.92.

Mohawk Industries Price Performance

Shares of Mohawk Industries stock opened at $117.97 on Friday. The firm has a market cap of $7.45 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 1.45 and a beta of 1.41. The firm’s 50-day simple moving average is $121.93 and its 200-day simple moving average is $138.56. Mohawk Industries, Inc. has a twelve month low of $104.88 and a twelve month 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.

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

Insider Activity 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 available through this hyperlink. Insiders have sold a total of 19,078 shares of company stock valued at $2,474,347 in the last 90 days. 17.10% of the stock is owned by corporate insiders.

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.