UMB Bank n.a. Lowers Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

UMB Bank n.a. trimmed its holdings in Mohawk Industries, Inc. (NYSE:MHKFree Report) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,622 shares of the company’s stock after selling 5,000 shares during the quarter. UMB Bank n.a.’s holdings in Mohawk Industries were worth $6,895,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kinneret Advisory LLC increased its position in Mohawk Industries by 2.3% during the first quarter. Kinneret Advisory LLC now owns 3,451 shares of the company’s stock valued at $429,000 after acquiring an additional 77 shares during the last quarter. Captrust Financial Advisors grew its holdings in Mohawk Industries by 3.3% during the 1st quarter. Captrust Financial Advisors now owns 2,708 shares of the company’s stock valued at $336,000 after purchasing an additional 86 shares during the last quarter. Fifth Third Bancorp raised its position in Mohawk Industries by 5.5% in the 4th quarter. Fifth Third Bancorp now owns 2,006 shares of the company’s stock worth $208,000 after purchasing an additional 105 shares during the period. Treasurer of the State of North Carolina lifted its stake in Mohawk Industries by 0.5% in the second quarter. Treasurer of the State of North Carolina now owns 23,105 shares of the company’s stock worth $2,384,000 after purchasing an additional 110 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Mohawk Industries by 2.1% during the fourth quarter. SG Americas Securities LLC now owns 6,744 shares of the company’s stock valued at $698,000 after buying an additional 136 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mohawk Industries

In other news, VP Rodney David Patton sold 1,551 shares of Mohawk Industries stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $119.51, for a total value of $185,360.01. Following the transaction, the vice president now directly owns 15,321 shares in the company, valued at approximately $1,831,012.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 17.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MHK shares. Royal Bank of Canada increased their price target on Mohawk Industries from $101.00 to $106.00 and gave the stock a “sector perform” rating in a report on Monday, February 12th. Wells Fargo & Company decreased their target price on Mohawk Industries from $105.00 to $100.00 and set an “underweight” rating for the company in a research report on Monday, January 22nd. StockNews.com upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. Truist Financial lifted their price objective on shares of Mohawk Industries from $98.00 to $127.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, The Goldman Sachs Group boosted their price objective on shares of Mohawk Industries from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $117.56.

Get Our Latest Research Report on Mohawk Industries

Mohawk Industries Price Performance

Shares of Mohawk Industries stock opened at $125.13 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average is $116.36 and its two-hundred day moving average is $99.57. Mohawk Industries, Inc. has a 1 year low of $76.02 and a 1 year high of $131.19.

Mohawk Industries (NYSE:MHKGet Free Report) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.10. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Mohawk Industries had a negative net margin of 3.95% and a positive return on equity of 7.52%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.32 EPS. As a group, sell-side analysts anticipate that Mohawk Industries, Inc. will post 9.59 EPS for the current fiscal year.

About Mohawk Industries

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

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

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