Edmond DE Rothschild Holding S.A. raised its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 14.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 200,000 shares of the company's stock after acquiring an additional 25,000 shares during the period. Edmond DE Rothschild Holding S.A. owned approximately 0.32% of Mohawk Industries worth $23,826,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. grew its stake in Mohawk Industries by 7.5% during the third quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company's stock valued at $266,000 after acquiring an additional 115 shares in the last quarter. Contravisory Investment Management Inc. grew its stake in shares of Mohawk Industries by 2.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company's stock worth $680,000 after buying an additional 121 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Mohawk Industries by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company's stock worth $819,000 after acquiring an additional 130 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Mohawk Industries by 11.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 1,518 shares of the company's stock valued at $244,000 after purchasing an additional 161 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Mohawk Industries by 2.5% in the 4th quarter. CIBC Asset Management Inc now owns 7,816 shares of the company's stock valued at $931,000 after purchasing an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company's stock.
Insider Transactions at Mohawk Industries
In related news, insider Suzanne L. Helen sold 10,500 shares of the business'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 transaction, the insider now directly owns 93,584 shares in the company, valued at $10,616,168.96. The trade was a 10.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 17.10% of the company's stock.
Wall Street Analyst Weigh In
MHK has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price target on Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Bank of America dropped their price target 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. StockNews.com downgraded Mohawk Industries from a "buy" rating to a "hold" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on Mohawk Industries in a report on Tuesday. They set a "hold" rating and a $121.00 price objective for the company. Finally, The Goldman Sachs Group reduced their target price on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $145.07.
Check Out Our Latest Research Report on MHK
Mohawk Industries Stock Down 3.3 %
Shares of NYSE MHK traded down $3.51 during midday trading on Friday, reaching $104.33. 321,896 shares of the company's stock traded hands, compared to its average volume of 726,880. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 1.44 and a beta of 1.44. The stock's 50 day simple moving average is $117.66 and its 200-day simple moving average is $131.37. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a one year low of $100.65 and a one year high of $164.29.
Mohawk Industries (NYSE:MHK - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.
Mohawk Industries Company Profile
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Free Report)
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.
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