Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank trimmed its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 10.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,806 shares of the company’s stock after selling 2,781 shares during the quarter. Toronto Dominion Bank’s holdings in Mohawk Industries were worth $3,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rodgers Brothers Inc. purchased a new stake in shares of Mohawk Industries during the first quarter worth about $425,000. Natixis boosted its stake in Mohawk Industries by 61.3% in the 1st quarter. Natixis now owns 4,510 shares of the company’s stock worth $590,000 after purchasing an additional 1,714 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in Mohawk Industries by 3.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 12,148 shares of the company’s stock worth $1,590,000 after purchasing an additional 405 shares during the last quarter. Bessemer Group Inc. grew its position in Mohawk Industries by 101.4% during the 1st quarter. Bessemer Group Inc. now owns 18,255 shares of the company’s stock worth $2,389,000 after purchasing an additional 9,190 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its holdings in shares of Mohawk Industries by 906.5% in the first quarter. UniSuper Management Pty Ltd now owns 7,247 shares of the company’s stock worth $949,000 after buying an additional 6,527 shares during the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Mohawk Industries Stock Performance

NYSE:MHK opened at $160.71 on Friday. Mohawk Industries, Inc. has a twelve month low of $76.02 and a twelve month high of $162.87. The company has a market cap of $10.26 billion, a P/E ratio of -24.57, a P/E/G ratio of 1.88 and a beta of 1.38. The company has a current ratio of 1.83, a quick ratio of 1.02 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $118.04 and its 200-day moving average price is $115.97.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, July 25th. The company reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.25. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.84 billion. Mohawk Industries had a negative net margin of 3.30% and a positive return on equity of 8.11%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period last year, the company posted $2.76 EPS. On average, sell-side analysts forecast that Mohawk Industries, Inc. will post 9.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Truist Financial dropped their price objective on shares of Mohawk Industries from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Royal Bank of Canada increased their price objective on Mohawk Industries from $106.00 to $108.00 and gave the company a “sector perform” rating in a report on Monday, April 29th. JPMorgan Chase & Co. lifted their target price on Mohawk Industries from $122.00 to $124.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Loop Capital decreased their target price on shares of Mohawk Industries from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, Raymond James raised Mohawk Industries from a “market perform” rating to a “strong-buy” rating and set a $140.00 price target for the company in a report on Monday, June 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mohawk Industries presently has an average rating of “Moderate Buy” and a consensus price target of $127.45.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 1,800 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $111.74, for a total value of $201,132.00. Following the completion of the sale, the insider now directly owns 122,369 shares in the company, valued at approximately $13,673,512.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 17.10% of the stock is currently owned by company insiders.

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.