Chevy Chase Trust Holdings LLC Sells 599 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Chevy Chase Trust Holdings LLC lessened its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 2.1% during the 4th quarter, HoldingsChannel reports. The firm owned 27,512 shares of the company’s stock after selling 599 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Mohawk Industries were worth $3,278,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MHK. Mark Sheptoff Financial Planning LLC bought a new stake in Mohawk Industries in the third quarter worth $36,000. Wilmington Savings Fund Society FSB bought a new position in Mohawk Industries during the third quarter valued at $55,000. Blue Trust Inc. increased its position in Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after acquiring an additional 167 shares during the last quarter. True Wealth Design LLC bought a new position in Mohawk Industries during the third quarter valued at $61,000. Finally, Versant Capital Management Inc increased its position in Mohawk Industries by 71.0% during the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock valued at $64,000 after acquiring an additional 223 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

Insider Activity

In other news, insider Suzanne L. Helen sold 9,078 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total value of $1,187,947.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 19,078 shares of company stock worth $2,474,347. Corporate insiders own 17.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Truist Financial cut their price objective on shares of Mohawk Industries from $155.00 to $148.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. StockNews.com cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Royal Bank of Canada cut their price objective on shares of Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Raymond James restated a “strong-buy” rating and issued a $165.00 price target (down from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th. Finally, Evercore ISI cut their price target on shares of Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Six research 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $146.92.

Mohawk Industries Stock Down 1.4 %

NYSE:MHK opened at $119.34 on Wednesday. Mohawk Industries, Inc. has a 1-year low of $104.88 and a 1-year high of $164.29. The company has a 50-day moving average of $122.66 and a 200 day moving average of $139.08. The firm has a market cap of $7.53 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data 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 net margin of 4.78% and a return on equity of 8.00%. As a group, research analysts anticipate that Mohawk Industries, Inc. will post 10.71 EPS for the current fiscal year.

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.