Inceptionr LLC Invests $769,000 in Mohawk Industries, Inc. (NYSE:MHK)

Inceptionr LLC purchased a new stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,458 shares of the company's stock, valued at approximately $769,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of Mohawk Industries by 52.3% during the third quarter. FMR LLC now owns 2,179,510 shares of the company's stock worth $350,204,000 after purchasing an additional 748,070 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Mohawk Industries by 33.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company's stock worth $162,586,000 after buying an additional 254,779 shares during the period. JPMorgan Chase & Co. grew its position in shares of Mohawk Industries by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company's stock valued at $485,983,000 after buying an additional 74,123 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Mohawk Industries by 111.1% in the third quarter. BNP Paribas Financial Markets now owns 129,186 shares of the company's stock valued at $20,758,000 after buying an additional 67,990 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Mohawk Industries by 64.6% during the third quarter. Bank of Montreal Can now owns 139,867 shares of the company's stock worth $22,212,000 after acquiring an additional 54,914 shares during the last quarter. Institutional investors own 78.98% of the company's stock.

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Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $126.11, for a total transaction of $504,440.00. Following the completion of the sale, the insider now owns 104,084 shares in the company, valued at $13,126,033.24. This trade represents a 3.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 17.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MHK shares. Wolfe Research upgraded shares of Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 price target for the company in a report on Wednesday, January 8th. Raymond James reiterated a "strong-buy" rating and set a $165.00 price target (down from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Barclays dropped 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 research report on Monday, February 10th. Finally, StockNews.com raised shares of Mohawk Industries from a "hold" rating to a "buy" rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mohawk Industries has a consensus rating of "Moderate Buy" and a consensus price target of $146.92.

Mohawk Industries Stock Down 2.7 %

Shares of MHK traded down $3.16 during trading hours on Tuesday, reaching $112.60. 930,792 shares of the stock traded hands, compared to its average volume of 693,321. 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 company has a market cap of $7.05 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.44 and a beta of 1.44. Mohawk Industries, Inc. has a 52 week low of $104.88 and a 52 week high of $164.29. The stock has a fifty day simple moving average of $120.91 and a 200 day simple moving average of $135.91.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings results 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 return on equity of 8.04% and a net margin of 4.78%. On average, equities 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.