Mohawk Industries, Inc. (NYSE:MHK) Shares Bought by Jump Financial LLC

Jump Financial LLC lifted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 151.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,144 shares of the company’s stock after acquiring an additional 23,578 shares during the quarter. Jump Financial LLC’s holdings in Mohawk Industries were worth $4,663,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Magnetar Financial LLC increased its holdings in Mohawk Industries by 353.1% during the 4th quarter. Magnetar Financial LLC now owns 39,108 shares of the company’s stock worth $4,659,000 after purchasing an additional 30,477 shares during the last quarter. Choreo LLC bought a new stake in shares of Mohawk Industries in the fourth quarter worth $258,000. Sei Investments Co. raised its holdings in Mohawk Industries by 46.3% in the fourth quarter. Sei Investments Co. now owns 91,586 shares of the company’s stock valued at $10,911,000 after acquiring an additional 28,998 shares in the last quarter. Townsend & Associates Inc boosted its stake in Mohawk Industries by 1.2% during the 4th quarter. Townsend & Associates Inc now owns 263,143 shares of the company’s stock valued at $34,382,000 after acquiring an additional 3,078 shares during the last quarter. Finally, Sciencast Management LP increased its position in shares of Mohawk Industries by 59.1% in the 4th quarter. Sciencast Management LP now owns 6,088 shares of the company’s stock worth $725,000 after purchasing an additional 2,262 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Analyst Ratings Changes

MHK has been the topic of several research analyst reports. Bank of America reduced their price target on shares of Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Raymond James reiterated a “strong-buy” rating and issued a $165.00 target price (down previously from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Barclays reduced their price objective on Mohawk Industries from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Wolfe Research upgraded shares of Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 target price for the company in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Mohawk Industries in a research report on Tuesday, April 1st. They issued a “hold” rating and a $121.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Mohawk Industries has a consensus rating of “Moderate Buy” and a consensus target price of $142.57.

Mohawk Industries Stock Performance

Shares of NYSE MHK opened at $100.99 on Thursday. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $164.29. The company has a market cap of $6.31 billion, a PE ratio of 12.42, a P/E/G ratio of 1.44 and a beta of 1.23. The stock has a 50 day simple moving average of $113.34 and a 200-day simple moving average of $127.51. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. On average, equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $113.44, for a total value of $1,191,120.00. Following the completion of the transaction, the insider now directly owns 93,584 shares in the company, valued at $10,616,168.96. This trade represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 17.40% of the stock is currently owned by insiders.

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.