EntryPoint Capital LLC Takes $294,000 Position in Mohawk Industries, Inc. (NYSE:MHK)

EntryPoint Capital LLC acquired a new stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,468 shares of the company's stock, valued at approximately $294,000.

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

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the business'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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 17.10% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MHK. Robert W. Baird reduced 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. Bank of America reduced their price objective on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Evercore ISI lowered their target price on shares of Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a research note on Monday, February 10th. Barclays cut their price target on Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Monday, February 10th. Finally, The Goldman Sachs Group lowered their price target on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $145.07.

Mohawk Industries Price Performance

NYSE MHK traded up $0.75 during trading hours on Tuesday, reaching $114.93. The company's stock had a trading volume of 766,332 shares, compared to its average volume of 725,054. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The company's 50-day moving average is $118.38 and its two-hundred day moving average is $131.63. Mohawk Industries, Inc. has a fifty-two week low of $104.88 and a fifty-two week high of $164.29. The stock has a market cap of $7.19 billion, a PE ratio of 14.14, a PEG ratio of 1.44 and a beta of 1.44.

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 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 8.04%. Analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current 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.