Mohawk Industries, Inc. (NYSE:MHK) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 48.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 958,818 shares of the company's stock after buying an additional 313,897 shares during the period. American Century Companies Inc. owned 1.52% of Mohawk Industries worth $114,224,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $113.44, for a total value of $1,191,120.00. Following the sale, the insider now 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 Securities & Exchange Commission, which is available at this link. 17.10% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

MHK has been the topic of several analyst reports. Raymond James reiterated a "strong-buy" rating and set a $165.00 price target (down previously from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th. Barclays decreased their target price on shares of Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Robert W. Baird dropped their price target on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Loop Capital reduced their price target 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. Finally, Evercore ISI lowered their price objective on Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a research report on Monday, February 10th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $146.92.

Mohawk Industries Trading Up 0.3 %

MHK traded up $0.36 during mid-day trading on Thursday, hitting $117.22. 576,110 shares of the stock were exchanged, compared to its average volume of 703,202. The company has a market cap of $7.34 billion, a PE ratio of 14.42, a PEG ratio of 1.44 and a beta of 1.44. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The firm's fifty day moving average is $119.54 and its two-hundred day moving average is $132.77. Mohawk Industries, Inc. has a 1-year low of $104.88 and a 1-year high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. Equities analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

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.