Metis Global Partners LLC Has $420,000 Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Metis Global Partners LLC cut its stake in Mohawk Industries, Inc. (NYSE:MHK) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,615 shares of the company’s stock after selling 166 shares during the period. Metis Global Partners LLC’s holdings in Mohawk Industries were worth $420,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MHK. Quest Partners LLC raised its holdings in Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after purchasing an additional 84 shares during the last quarter. Blue Trust Inc. raised its stake in Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after buying an additional 167 shares during the last quarter. Headlands Technologies LLC acquired a new position in Mohawk Industries in the second quarter valued at $50,000. Capital Performance Advisors LLP bought a new stake in Mohawk Industries during the third quarter valued at $73,000. Finally, AM Squared Ltd bought a new position in shares of Mohawk Industries in the 2nd quarter worth about $68,000. 78.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 660 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the sale, the insider now owns 118,709 shares in the company, valued at $17,979,665.14. This represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 17.10% of the company’s stock.

Mohawk Industries Stock Down 1.3 %

MHK stock opened at $138.47 on Tuesday. The stock’s 50 day moving average is $150.79 and its 200-day moving average is $136.68. Mohawk Industries, Inc. has a twelve month low of $82.71 and a twelve month high of $164.29. The firm has a market capitalization of $8.74 billion, a PE ratio of 15.68, a P/E/G ratio of 1.54 and a beta of 1.38. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank of Canada cut their price target on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Loop Capital raised their price target on shares of Mohawk Industries from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Bank of America raised shares of Mohawk Industries from an “underperform” rating to a “buy” rating and lifted their price target for the company from $120.00 to $177.00 in a research note on Friday, July 26th. The Goldman Sachs Group increased their price objective on shares of Mohawk Industries from $141.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company raised Mohawk Industries from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $140.00 to $160.00 in a research note on Monday, October 7th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $162.08.

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.