Raymond James Financial Inc. Buys Shares of 41,054 Mohawk Industries, Inc. (NYSE:MHK)

Raymond James Financial Inc. acquired a new stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 41,054 shares of the company's stock, valued at approximately $4,891,000. Raymond James Financial Inc. owned about 0.07% of Mohawk Industries at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Mark Sheptoff Financial Planning LLC acquired a new position in Mohawk Industries during the third quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB acquired a new position in Mohawk Industries in the 3rd quarter valued at $55,000. True Wealth Design LLC bought a new position in Mohawk Industries in the 3rd quarter worth $61,000. Versant Capital Management Inc lifted its position in Mohawk Industries by 71.0% during the 4th quarter. Versant Capital Management Inc now owns 537 shares of the company's stock worth $64,000 after acquiring an additional 223 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Mohawk Industries during the fourth quarter valued at about $66,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Mohawk Industries Price Performance

Shares of MHK traded down $3.41 during mid-day trading on Friday, reaching $113.78. The company had a trading volume of 587,979 shares, compared to its average volume of 723,684. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The company 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. Mohawk Industries, Inc. has a twelve month low of $104.88 and a twelve month high of $164.29. The company's 50-day moving average is $119.00 and its 200-day moving average is $132.29.

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Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating 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 analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Wall Street Analysts Forecast Growth

MHK has been the subject of several research analyst reports. Barclays cut their price objective on Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Robert W. Baird cut their price target on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Loop Capital dropped their target price on shares of Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Bank of America cut their target price on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Finally, StockNews.com downgraded shares of Mohawk Industries from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $146.92.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of the firm's stock in a transaction 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 of the company's stock, valued at $10,616,168.96. This trade represents a 10.09 % decrease in their position. The transaction 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 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.