BayBridge Capital Group LLC Sells 523 Shares of Mohawk Industries, Inc. (NYSE:MHK)

BayBridge Capital Group LLC lowered its position in Mohawk Industries, Inc. (NYSE:MHK) by 17.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,481 shares of the company’s stock after selling 523 shares during the quarter. BayBridge Capital Group LLC’s holdings in Mohawk Industries were worth $296,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Creative Planning grew its position in shares of Mohawk Industries by 7.6% during the second quarter. Creative Planning now owns 2,914 shares of the company’s stock worth $331,000 after purchasing an additional 207 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Mohawk Industries in the 2nd quarter worth approximately $371,000. Czech National Bank grew its holdings in Mohawk Industries by 5.7% during the 3rd quarter. Czech National Bank now owns 10,671 shares of the company’s stock valued at $1,715,000 after buying an additional 571 shares in the last quarter. CWM LLC raised its position in shares of Mohawk Industries by 1,024.3% during the third quarter. CWM LLC now owns 7,443 shares of the company’s stock valued at $1,196,000 after buying an additional 6,781 shares during the last quarter. Finally, Wedmont Private Capital lifted its holdings in shares of Mohawk Industries by 8.3% in the third quarter. Wedmont Private Capital now owns 2,483 shares of the company’s stock worth $385,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Wells Fargo & Company decreased their target price on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Wolfe Research upgraded Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price target for the company in a report on Wednesday, January 8th. The Goldman Sachs Group decreased their price objective on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, StockNews.com lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a report on Friday. Five investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $154.62.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 9,078 shares of Mohawk Industries stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total transaction of $1,187,947.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 19,078 shares of company stock worth $2,474,347 in the last quarter. 17.10% of the stock is owned by company insiders.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $120.46 on Friday. The firm has a market capitalization of $7.60 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. Mohawk Industries, Inc. has a 12-month low of $101.83 and a 12-month high of $164.29. The firm has a 50-day moving average price of $124.67 and a 200-day moving average price of $140.52. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.05% and a net margin of 5.22%. As a group, equities research analysts forecast that Mohawk Industries, Inc. will post 9.64 EPS for the current year.

About Mohawk Industries

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.