Landscape Capital Management L.L.C. lifted its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 86.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,458 shares of the company's stock after purchasing an additional 11,784 shares during the period. Landscape Capital Management L.L.C.'s holdings in Mohawk Industries were worth $3,033,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Mohawk Industries during the third quarter worth approximately $55,000. Versant Capital Management Inc increased its holdings in shares of Mohawk Industries by 71.0% during the 4th quarter. Versant Capital Management Inc now owns 537 shares of the company's stock worth $64,000 after acquiring an additional 223 shares during the last quarter. R Squared Ltd acquired a new position in shares of Mohawk Industries during the 4th quarter worth approximately $66,000. Huntington National Bank raised its stake in Mohawk Industries by 27.4% in the 4th quarter. Huntington National Bank now owns 554 shares of the company's stock valued at $66,000 after acquiring an additional 119 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in Mohawk Industries by 233.0% during the 4th quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock valued at $85,000 after purchasing an additional 501 shares during the last quarter. 78.98% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of Mohawk Industries from $125.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Bank of America reduced their price target on Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Raymond James reiterated a "strong-buy" rating and set a $165.00 price objective (down previously from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Robert W. Baird decreased their price target on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Finally, Loop Capital dropped their price objective on shares of Mohawk Industries from $180.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $144.36.
Check Out Our Latest Stock Report on Mohawk Industries
Mohawk Industries Price Performance
MHK stock traded up $1.70 during trading on Wednesday, reaching $100.33. 538,815 shares of the company were exchanged, compared to its average volume of 732,312. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 1.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The company has a 50-day moving average of $115.68 and a two-hundred day moving average of $129.64. Mohawk Industries, Inc. has a twelve month low of $96.22 and a twelve month high of $164.29.
Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) 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, equities analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.
Insider Transactions at Mohawk Industries
In related news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries 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 sale, the insider now directly owns 93,584 shares in the company, valued at $10,616,168.96. This trade represents a 10.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 17.10% of the company's stock.
Mohawk Industries 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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