ASB Consultores LLC Sells 925 Shares of Mohawk Industries, Inc. (NYSE:MHK)

ASB Consultores LLC reduced its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 36.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,585 shares of the company’s stock after selling 925 shares during the quarter. ASB Consultores LLC’s holdings in Mohawk Industries were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MHK. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Mohawk Industries during the 1st quarter worth approximately $1,450,000. BNP Paribas Financial Markets boosted its stake in shares of Mohawk Industries by 4.7% during the 1st quarter. BNP Paribas Financial Markets now owns 52,984 shares of the company’s stock worth $6,935,000 after acquiring an additional 2,399 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Mohawk Industries by 22.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 1,740 shares of the company’s stock worth $228,000 after acquiring an additional 324 shares during the period. Texas Permanent School Fund Corp boosted its stake in shares of Mohawk Industries by 0.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 10,927 shares of the company’s stock worth $1,430,000 after acquiring an additional 98 shares during the period. Finally, Empirical Finance LLC bought a new position in shares of Mohawk Industries during the 1st quarter worth approximately $240,000. 78.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MHK shares. Bank of America upgraded Mohawk Industries from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $120.00 to $177.00 in a research note on Friday, July 26th. The Goldman Sachs Group lifted their price target on Mohawk Industries from $141.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Wells Fargo & Company raised Mohawk Industries from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $140.00 to $160.00 in a report on Monday, October 7th. Robert W. Baird raised Mohawk Industries from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Finally, Barclays dropped their price target on Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Mohawk Industries has a consensus rating of “Moderate Buy” and a consensus price target of $162.08.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 660 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the completion of the transaction, the insider now owns 118,709 shares of the company’s stock, valued at approximately $17,979,665.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Suzanne L. Helen sold 2,300 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total transaction of $347,645.00. Following the completion of the transaction, the insider now owns 119,369 shares of the company’s stock, valued at approximately $18,042,624.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suzanne L. Helen sold 660 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the transaction, the insider now directly owns 118,709 shares of the company’s stock, valued at $17,979,665.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 17.10% of the stock is owned by insiders.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $140.45 on Wednesday. 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 fifty-two week low of $78.30 and a fifty-two week high of $164.29. The stock has a market capitalization of $8.86 billion, a PE ratio of 15.91, a P/E/G ratio of 1.46 and a beta of 1.38. The business has a fifty day moving average price of $152.16 and a two-hundred day moving average price of $135.00.

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.