Xponance Inc. Sells 141 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Xponance Inc. lessened its stake in Mohawk Industries, Inc. (NYSE:MHK) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,617 shares of the company’s stock after selling 141 shares during the quarter. Xponance Inc.’s holdings in Mohawk Industries were worth $550,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MHK. PNC Financial Services Group Inc. raised its stake in shares of Mohawk Industries by 22.6% in the third quarter. PNC Financial Services Group Inc. now owns 9,390 shares of the company’s stock valued at $1,509,000 after buying an additional 1,731 shares during the period. Citigroup Inc. increased its holdings in Mohawk Industries by 43.8% in the 3rd quarter. Citigroup Inc. now owns 66,251 shares of the company’s stock worth $10,645,000 after acquiring an additional 20,167 shares during the last quarter. Cerity Partners LLC bought a new stake in Mohawk Industries in the 3rd quarter valued at about $1,935,000. Algert Global LLC lifted its holdings in Mohawk Industries by 358.4% during the third quarter. Algert Global LLC now owns 24,990 shares of the company’s stock valued at $4,015,000 after purchasing an additional 19,538 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Mohawk Industries by 13.4% during the third quarter. Daiwa Securities Group Inc. now owns 2,417 shares of the company’s stock worth $388,000 after purchasing an additional 286 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

NYSE MHK opened at $116.05 on Wednesday. The company has a market capitalization of $7.26 billion, a P/E ratio of 14.27, a P/E/G ratio of 1.44 and a beta of 1.44. 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, Inc. has a 52-week low of $104.88 and a 52-week high of $164.29. The company has a fifty day moving average of $119.81 and a 200-day moving average of $132.88.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) 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%. As a group, equities research analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 10,500 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $113.44, for a total value of $1,191,120.00. Following the completion of the sale, the insider now owns 93,584 shares of the company’s stock, valued at approximately $10,616,168.96. This represents a 10.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 17.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MHK has been the topic of several research reports. Wolfe Research raised shares of Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research report on Wednesday, January 8th. Bank of America dropped their target price 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. Barclays reduced their price target on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. StockNews.com cut Mohawk Industries from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, The Goldman Sachs Group reduced their target price on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Six investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.