Mohawk Industries, Inc. (NYSE:MHK) Stock Holdings Lessened by Natixis Advisors LLC

Natixis Advisors LLC reduced its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 12.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 76,975 shares of the company’s stock after selling 10,502 shares during the quarter. Natixis Advisors LLC owned approximately 0.12% of Mohawk Industries worth $9,170,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position 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 worth $485,983,000 after buying an additional 74,123 shares during the last quarter. FMR LLC lifted its position in shares of Mohawk Industries by 52.3% in the 3rd quarter. FMR LLC now owns 2,179,510 shares of the company’s stock worth $350,204,000 after buying an additional 748,070 shares during the last quarter. State Street Corp increased its holdings in shares of Mohawk Industries by 1.3% in the 3rd quarter. State Street Corp now owns 1,846,446 shares of the company’s stock worth $296,687,000 after acquiring an additional 23,016 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Mohawk Industries by 33.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company’s stock worth $162,586,000 after acquiring an additional 254,779 shares during the period. Finally, Truist Financial Corp increased its holdings in shares of Mohawk Industries by 7.4% in the 4th quarter. Truist Financial Corp now owns 374,456 shares of the company’s stock worth $44,609,000 after acquiring an additional 25,864 shares during the period. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Stock Performance

Shares of MHK opened at $114.26 on Friday. The firm’s 50 day moving average is $120.25 and its 200-day moving average is $133.87. The stock has a market capitalization of $7.15 billion, a P/E ratio of 14.05, 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 current ratio of 2.06 and a quick ratio of 1.12. Mohawk Industries, Inc. has a 12-month low of $104.88 and a 12-month high of $164.29.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MHK. The Goldman Sachs Group dropped their price objective on shares of Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Loop Capital dropped their price objective on shares of 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 objective on shares of Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Wolfe Research raised shares of Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a report on Wednesday, January 8th. Finally, Barclays lowered their target price on shares of Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Mohawk Industries has an average rating of “Moderate Buy” and an average target price of $146.92.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 93,584 shares in the company, valued at $10,616,168.96. This trade represents a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 17.10% of the company’s stock.

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.