Mohawk Industries, Inc. (NYSE:MHK) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 0.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,229,786 shares of the company’s stock after buying an additional 20,327 shares during the quarter. Vanguard Group Inc. owned 0.10% of Mohawk Industries worth $742,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MHK. Magnetar Financial LLC grew its stake in Mohawk Industries by 353.1% during the 4th quarter. Magnetar Financial LLC now owns 39,108 shares of the company’s stock valued at $4,659,000 after purchasing an additional 30,477 shares during the last quarter. Choreo LLC acquired a new stake in shares of Mohawk Industries during the fourth quarter worth about $258,000. Townsend & Associates Inc boosted its position in Mohawk Industries by 1.2% in the fourth quarter. Townsend & Associates Inc now owns 263,143 shares of the company’s stock valued at $34,382,000 after buying an additional 3,078 shares during the last quarter. Sciencast Management LP increased its holdings in 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 buying an additional 2,262 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Mohawk Industries in the 4th quarter worth approximately $997,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the completion of the sale, the insider now directly owns 93,584 shares in the company, valued at approximately $10,616,168.96. The trade was a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.10% of the company’s stock.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $113.78 on Friday. The stock has a market capitalization of $7.12 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.44 and a beta of 1.44. The company’s fifty day moving average price is $119.00 and its 200 day moving average price is $132.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. Mohawk Industries, Inc. has a 1 year low of $104.88 and a 1 year high of $164.29.

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

Analysts Set New Price Targets

MHK has been the topic of several recent research reports. Raymond James reaffirmed a “strong-buy” rating and issued a $165.00 price objective (down from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th. Bank of America lowered their price target on shares of Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group reduced their price objective on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Barclays lowered their target price on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their target price on Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Six 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $146.92.

Mohawk Industries Company 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.