Greenwood Capital Associates LLC Reduces Position in Mohawk Industries, Inc. (NYSE:MHK)

Greenwood Capital Associates LLC cut its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 6.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,164 shares of the company’s stock after selling 266 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Mohawk Industries were worth $496,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its holdings in Mohawk Industries by 8.8% during the third 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 in the last quarter. JPMorgan Chase & Co. raised 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 purchasing an additional 74,123 shares during the last quarter. Natixis Advisors LLC grew its stake in Mohawk Industries by 19.8% during the 3rd quarter. Natixis Advisors LLC now owns 87,477 shares of the company’s stock valued at $14,056,000 after acquiring an additional 14,480 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Mohawk Industries in the third quarter valued at approximately $1,935,000. Finally, Parkside Investments LLC increased its stake in shares of Mohawk Industries by 40.0% in the 4th quarter. Parkside Investments LLC now owns 7,000 shares of the company’s stock worth $834,000 after acquiring an additional 2,000 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total transaction of $270,960.00. Following the transaction, the insider now directly owns 2,453 shares of the company’s stock, valued at $332,332.44. This represents a 44.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 19,078 shares of company stock worth $2,474,347 over the last ninety days. 17.10% of the stock is currently owned by company insiders.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $120.13 on Wednesday. The stock has a market capitalization of $7.58 billion, a PE ratio of 13.60, 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, Inc. has a 12 month low of $101.83 and a 12 month high of $164.29. The business has a 50 day simple moving average of $125.38 and a 200-day simple moving average of $140.79.

Analyst Upgrades and Downgrades

Several analysts have recently commented on MHK shares. Truist Financial reduced their price target on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Barclays dropped their price objective on shares of Mohawk Industries from $141.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $151.00 to $161.00 in a report on Friday, January 10th. Wolfe Research upgraded 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, Baird R W upgraded Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $154.62.

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.