Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC decreased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 64.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,013 shares of the company’s stock after selling 21,687 shares during the period. Aquatic Capital Management LLC’s holdings in Mohawk Industries were worth $1,431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MHK. Resona Asset Management Co. Ltd. acquired a new stake in shares of Mohawk Industries in the fourth quarter valued at $41,000. Wilmington Savings Fund Society FSB purchased a new stake in Mohawk Industries during the 3rd quarter worth about $55,000. Versant Capital Management Inc raised its position in Mohawk Industries by 71.0% in the 4th quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock valued at $64,000 after purchasing an additional 223 shares in the last quarter. R Squared Ltd purchased a new position in shares of Mohawk Industries in the 4th quarter valued at about $66,000. Finally, Huntington National Bank boosted its stake in shares of Mohawk Industries by 27.4% in the 4th quarter. Huntington National Bank now owns 554 shares of the company’s stock valued at $66,000 after buying an additional 119 shares during the period. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Mohawk Industries Price Performance

MHK stock opened at $107.06 on Wednesday. The business has a 50 day simple moving average of $110.81 and a 200-day simple moving average of $124.01. The company has a market capitalization of $6.69 billion, a P/E ratio of 13.17, a PEG ratio of 1.44 and a beta of 1.23. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22.

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

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the completion of the sale, the insider now directly owns 93,584 shares of the company’s stock, valued at approximately $10,616,168.96. This trade represents a 10.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MHK. Bank of America reduced their target price 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. JPMorgan Chase & Co. dropped their price objective on shares of Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Truist Financial decreased their price objective on shares of Mohawk Industries from $155.00 to $148.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft assumed coverage on Mohawk Industries in a report on Tuesday, April 1st. They issued a “hold” rating and a $121.00 target price on the stock. Finally, Evercore ISI decreased their price target on Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating for the company in a report on Monday, February 10th. Six 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.57.

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.