Bridgewater Associates LP Has $15.25 Million Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Bridgewater Associates LP raised its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 84.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,014 shares of the company's stock after purchasing an additional 58,636 shares during the quarter. Bridgewater Associates LP owned 0.20% of Mohawk Industries worth $15,250,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC raised its holdings in shares of Mohawk Industries by 36.6% in the third quarter. HighTower Advisors LLC now owns 2,718 shares of the company's stock valued at $435,000 after purchasing an additional 728 shares during the last quarter. Stifel Financial Corp lifted its position in Mohawk Industries by 289.3% during the 3rd quarter. Stifel Financial Corp now owns 7,280 shares of the company's stock worth $1,170,000 after buying an additional 5,410 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new position in shares of Mohawk Industries during the 3rd quarter worth about $224,000. MML Investors Services LLC acquired a new stake in shares of Mohawk Industries in the third quarter valued at about $1,078,000. Finally, Public Employees Retirement System of Ohio raised its holdings in Mohawk Industries by 1.7% during the third quarter. Public Employees Retirement System of Ohio now owns 20,569 shares of the company's stock worth $3,305,000 after acquiring an additional 336 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MHK shares. JPMorgan Chase & Co. lowered their price target on Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group cut their price target on shares of Mohawk Industries from $170.00 to $145.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Robert W. Baird dropped their target price on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Wells Fargo & Company cut their target price on shares of Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Finally, Evercore ISI cut 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. Seven 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $142.57.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 10,500 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction 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 represents a 10.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 17.40% of the company's stock.

Mohawk Industries Price Performance

NYSE MHK traded down $2.49 during midday trading on Monday, hitting $100.20. The company had a trading volume of 59,790 shares, compared to its average volume of 734,962. The company has a market capitalization of $6.26 billion, a PE ratio of 12.32, a P/E/G ratio of 1.44 and a beta of 1.23. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29. 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 has a 50-day moving average price of $112.71 and a 200-day moving average price of $126.26.

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

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.