Barclays PLC Acquires 50,797 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Barclays PLC raised its holdings in Mohawk Industries, Inc. (NYSE:MHK – Get Rating) by 38.7% in the third quarter, HoldingsChannel.com reports. The firm owned 182,049 shares of the company’s stock after purchasing an additional 50,797 shares during the quarter. Barclays PLC’s holdings in Mohawk Industries were worth $16,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Daiwa Securities Group Inc. boosted its holdings in Mohawk Industries by 4.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,524 shares of the company’s stock valued at $321,000 after purchasing an additional 150 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Mohawk Industries by 4.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 16,085 shares of the company’s stock worth $1,465,000 after acquiring an additional 671 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Mohawk Industries by 14.7% during the 3rd quarter. Victory Capital Management Inc. now owns 12,000 shares of the company’s stock worth $1,094,000 after acquiring an additional 1,534 shares during the period. Brinker Capital Investments LLC lifted its holdings in shares of Mohawk Industries by 3.9% during the 3rd quarter. Brinker Capital Investments LLC now owns 13,560 shares of the company’s stock worth $1,237,000 after acquiring an additional 511 shares during the period. Finally, Assetmark Inc. lifted its holdings in shares of Mohawk Industries by 70.5% during the 3rd quarter. Assetmark Inc. now owns 1,760 shares of the company’s stock worth $160,000 after acquiring an additional 728 shares during the period. Institutional investors own 75.85% of the company’s stock.

Mohawk Industries Trading Up 0.5 %

Shares of NYSE MHK opened at $116.60 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.76 and a current ratio of 1.50. Mohawk Industries, Inc. has a 52-week low of $87.01 and a 52-week high of $160.97. The firm has a 50 day moving average price of $104.44 and a two-hundred day moving average price of $107.22. The stock has a market cap of $7.41 billion, a P/E ratio of 45.19, a price-to-earnings-growth ratio of 2.55 and a beta of 1.24.

Mohawk Industries (NYSE:MHK – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The company reported $3.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.34. Mohawk Industries had a net margin of 1.53% and a return on equity of 11.32%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the prior year, the company posted $3.95 EPS. The company’s revenue was up 3.6% on a year-over-year basis. As a group, equities analysts forecast that Mohawk Industries, Inc. will post 12.93 EPS for the current year.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $103.20, for a total value of $1,032,000.00. Following the completion of the transaction, the insider now directly owns 15,953 shares in the company, valued at approximately $1,646,349.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 17.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MHK shares. The Goldman Sachs Group cut their price target on shares of Mohawk Industries from $156.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, October 12th. Credit Suisse Group cut their price target on shares of Mohawk Industries to $109.00 in a report on Thursday, October 20th. Loop Capital upped their price target on shares of Mohawk Industries from $95.00 to $110.00 and gave the stock a “hold” rating in a report on Monday. Bank of America cut shares of Mohawk Industries from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $140.00 to $100.00 in a research report on Tuesday, October 18th. Finally, StockNews.com initiated coverage on shares of Mohawk Industries in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $130.93.

About Mohawk Industries

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Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).