Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lessened its holdings in shares of Mohawk Industries, Inc. (NYSE:MHKFree Report) by 70.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,506 shares of the company’s stock after selling 3,511 shares during the quarter. Headlands Technologies LLC’s holdings in Mohawk Industries were worth $129,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Gyon Technologies Capital Management LP bought a new position in shares of Mohawk Industries in the fourth quarter valued at approximately $30,000. Rockefeller Capital Management L.P. raised its position in shares of Mohawk Industries by 143.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 307 shares of the company’s stock valued at $31,000 after purchasing an additional 181 shares during the period. Natixis bought a new position in shares of Mohawk Industries in the second quarter valued at approximately $40,000. Covestor Ltd raised its position in shares of Mohawk Industries by 191.0% in the first quarter. Covestor Ltd now owns 390 shares of the company’s stock valued at $49,000 after purchasing an additional 256 shares during the period. Finally, UniSuper Management Pty Ltd bought a new position in shares of Mohawk Industries in the second quarter valued at approximately $41,000. Institutional investors own 77.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada upgraded shares of Mohawk Industries from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $80.00 to $101.00 in a research note on Friday, January 12th. Barclays upgraded shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $80.00 to $100.00 in a research note on Wednesday, December 13th. StockNews.com downgraded shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Friday. The Goldman Sachs Group lifted their price target on shares of Mohawk Industries from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, TheStreet downgraded shares of Mohawk Industries from a “c-” rating to a “d+” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $111.20.

View Our Latest Report on MHK

Insider Buying and Selling

In related news, CEO Jeffrey S. Lorberbaum sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $86.34, for a total transaction of $2,158,500.00. Following the transaction, the chief executive officer now owns 14,200 shares in the company, valued at approximately $1,226,028. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Jeffrey S. Lorberbaum sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $86.34, for a total transaction of $2,158,500.00. Following the transaction, the chief executive officer now owns 14,200 shares in the company, valued at approximately $1,226,028. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Suzanne L. Helen sold 5,500 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $94.09, for a total transaction of $517,495.00. Following the transaction, the insider now owns 8,953 shares in the company, valued at approximately $842,387.77. The disclosure for this sale can be found here. Insiders have sold a total of 30,779 shares of company stock worth $2,699,406 in the last 90 days. Corporate insiders own 17.20% of the company’s stock.

Mohawk Industries Stock Up 0.4 %

Shares of NYSE:MHK opened at $110.01 on Monday. Mohawk Industries, Inc. has a 52 week low of $76.02 and a 52 week high of $123.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.97 and a current ratio of 1.78. The company’s fifty day moving average is $101.95 and its 200-day moving average is $94.34. The company has a market capitalization of $7.01 billion, a PE ratio of -15.90 and a beta of 1.31.

Mohawk Industries (NYSE:MHKGet Free Report) last issued its earnings results on Friday, February 9th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.86 by $0.10. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.56 billion. Mohawk Industries had a negative net margin of 3.95% and a positive return on equity of 7.52%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.32 EPS. Equities research analysts predict that Mohawk Industries, Inc. will post 9.74 earnings per share for the current fiscal year.

Mohawk Industries Profile

(Free Report)

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, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

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Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

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