Entropy Technologies LP acquired a new position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,899 shares of the company's stock, valued at approximately $703,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its stake in shares of Mohawk Industries by 8.8% during the third quarter. Meeder Asset Management Inc. now owns 84,535 shares of the company's stock worth $13,583,000 after purchasing an additional 6,863 shares during the period. JPMorgan Chase & Co. boosted its holdings in Mohawk Industries by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company's stock worth $485,983,000 after buying an additional 74,123 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Mohawk Industries by 19.8% during the 3rd quarter. Natixis Advisors LLC now owns 87,477 shares of the company's stock worth $14,056,000 after buying an additional 14,480 shares during the period. Pacer Advisors Inc. grew its position in shares of Mohawk Industries by 106.7% during the 4th quarter. Pacer Advisors Inc. now owns 8,259 shares of the company's stock worth $984,000 after buying an additional 4,264 shares during the period. Finally, Cerity Partners LLC bought a new stake in shares of Mohawk Industries in the 3rd quarter valued at about $1,935,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, insider Suzanne L. Helen sold 4,000 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $126.11, for a total value of $504,440.00. Following the completion of the transaction, the insider now directly owns 104,084 shares of the company's stock, valued at approximately $13,126,033.24. This trade represents a 3.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 19,078 shares of company stock valued at $2,474,347 in the last 90 days. 17.10% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of brokerages recently issued reports on MHK. Raymond James restated a "strong-buy" rating and set a $165.00 price objective (down previously from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th. Barclays decreased their price target on shares of Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Wolfe Research raised Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group dropped their price target on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Loop Capital decreased their price objective on Mohawk Industries from $180.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Six investment 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 MarketBeat.com, Mohawk Industries has a consensus rating of "Moderate Buy" and a consensus price target of $146.92.
Read Our Latest Stock Report on MHK
Mohawk Industries Stock Up 1.1 %
Shares of MHK stock traded up $1.36 during trading on Friday, reaching $121.05. The company's stock had a trading volume of 779,165 shares, compared to its average volume of 774,747. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. Mohawk Industries, Inc. has a one year low of $104.88 and a one year high of $164.29. The business has a fifty day moving average price of $122.89 and a 200-day moving average price of $139.48. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22.
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, 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 8.00%. Analysts anticipate that Mohawk Industries, Inc. will post 10.71 earnings per share for the current year.
About Mohawk Industries
(
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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