Machina Capital S.A.S. Has $342,000 Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Machina Capital S.A.S. lowered its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 56.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,300 shares of the company’s stock after selling 4,274 shares during the quarter. Machina Capital S.A.S.’s holdings in Mohawk Industries were worth $342,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Truist Financial Corp grew its position in Mohawk Industries by 72.1% in the fourth quarter. Truist Financial Corp now owns 294,894 shares of the company’s stock valued at $30,522,000 after acquiring an additional 123,508 shares during the last quarter. Caxton Associates LP acquired a new stake in Mohawk Industries during the 3rd quarter worth approximately $1,170,000. Northern Trust Corp grew its stake in shares of Mohawk Industries by 4.0% in the third quarter. Northern Trust Corp now owns 597,546 shares of the company’s stock worth $51,275,000 after purchasing an additional 23,070 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Mohawk Industries in the third quarter valued at about $397,000. Finally, JPMorgan Chase & Co. lifted its holdings in Mohawk Industries by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 2,435,283 shares of the company’s stock valued at $208,972,000 after buying an additional 103,813 shares during the period. Institutional investors own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MHK shares. The Goldman Sachs Group upped their price objective on shares of Mohawk Industries from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Loop Capital lowered their target price on shares of Mohawk Industries from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. TheStreet raised Mohawk Industries from a “d+” rating to a “c-” rating in a research note on Monday, March 4th. Deutsche Bank Aktiengesellschaft raised Mohawk Industries from a “hold” rating to a “buy” rating and lifted their price target for the stock from $98.00 to $152.00 in a research note on Monday, February 12th. Finally, Royal Bank of Canada lifted their price target on shares of Mohawk Industries from $106.00 to $108.00 and gave the company a “sector perform” rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $121.33.

Mohawk Industries Trading Up 0.1 %

MHK traded up $0.07 during trading hours on Tuesday, reaching $118.11. 523,877 shares of the company’s stock traded hands, compared to its average volume of 704,182. The company has a quick ratio of 1.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $7.54 billion, a PE ratio of -18.05, a PEG ratio of 1.17 and a beta of 1.35. The firm has a 50-day moving average price of $119.12 and a 200 day moving average price of $104.86. Mohawk Industries, Inc. has a 52-week low of $76.02 and a 52-week high of $131.19.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.16. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Mohawk Industries had a negative net margin of 3.77% and a positive return on equity of 7.72%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.75 EPS. As a group, sell-side analysts predict that Mohawk Industries, Inc. will post 9.54 EPS for the current fiscal year.

Insider Activity

In other news, VP Rodney David Patton sold 1,551 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $119.51, for a total value of $185,360.01. Following the transaction, the vice president now owns 15,321 shares of the company’s stock, valued at approximately $1,831,012.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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.