Paradice Investment Management LLC Has $25.11 Million Position in Mohawk Industries, Inc. (NYSE:MHK)

Paradice Investment Management LLC reduced its stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 210,735 shares of the company's stock after selling 13,400 shares during the quarter. Mohawk Industries makes up approximately 5.0% of Paradice Investment Management LLC's investment portfolio, making the stock its 9th biggest position. Paradice Investment Management LLC owned approximately 0.33% of Mohawk Industries worth $25,105,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in Mohawk Industries by 12.5% in the 3rd quarter. Signaturefd LLC now owns 683 shares of the company's stock worth $110,000 after purchasing an additional 76 shares during the period. Allworth Financial LP raised its holdings in Mohawk Industries by 20.6% during the third quarter. Allworth Financial LP now owns 626 shares of the company's stock valued at $101,000 after acquiring an additional 107 shares during the period. Hantz Financial Services Inc. raised its holdings 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 during the period. Contravisory Investment Management Inc. raised its holdings in Mohawk Industries by 2.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company's stock valued at $680,000 after acquiring an additional 121 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings 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 valued at $819,000 after acquiring an additional 130 shares during the period. 78.98% of the stock is owned by institutional investors.

Mohawk Industries Trading Down 1.8 %

MHK traded down $2.11 on Friday, hitting $115.89. The company had a trading volume of 752,334 shares, compared to its average volume of 802,577. The company has a market cap of $7.31 billion, a PE ratio of 14.25, a PEG ratio of 1.44 and a beta of 1.41. Mohawk Industries, Inc. has a 12-month low of $104.88 and a 12-month high of $164.29. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The business's fifty day simple moving average is $121.69 and its 200 day simple moving average is $138.35.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, topping 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%. Equities research analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 4,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $126.11, for a total transaction of $504,440.00. Following the completion of the transaction, the insider now owns 104,084 shares in the company, valued at $13,126,033.24. The trade was a 3.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 19,078 shares of company stock worth $2,474,347. Corporate insiders own 17.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MHK shares. Wells Fargo & Company decreased their price target on Mohawk Industries from $135.00 to $130.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. StockNews.com cut Mohawk Industries from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Truist Financial decreased their price target on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. cut their price objective on Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, Evercore ISI cut their price objective on Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a research report on Monday, February 10th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $146.92.

Mohawk Industries 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.