Lodge Hill Capital LLC Boosts Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Lodge Hill Capital LLC lifted its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 406.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 258,220 shares of the company's stock after purchasing an additional 207,220 shares during the quarter. Mohawk Industries comprises 8.5% of Lodge Hill Capital LLC's holdings, making the stock its 4th largest position. Lodge Hill Capital LLC owned approximately 0.41% of Mohawk Industries worth $30,762,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MHK. Resona Asset Management Co. Ltd. purchased a new stake in Mohawk Industries during the 4th quarter worth approximately $41,000. Wilmington Savings Fund Society FSB acquired a new position in Mohawk Industries during the 3rd quarter worth about $55,000. Versant Capital Management Inc boosted its stake in shares of 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 buying an additional 223 shares during the period. R Squared Ltd purchased a new stake in Mohawk Industries during the fourth quarter worth approximately $66,000. Finally, Huntington National Bank increased its position in Mohawk Industries by 27.4% during the fourth quarter. Huntington National Bank now owns 554 shares of the company's stock worth $66,000 after buying an additional 119 shares during the period. Hedge funds and other institutional investors own 78.98% of the company's stock.

Analyst Ratings Changes

MHK has been the subject of a number of research analyst reports. Raymond James reiterated a "strong-buy" rating and issued a $165.00 price target (down previously from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th. Barclays decreased their price objective on shares of Mohawk Industries from $125.00 to $115.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. StockNews.com cut shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. cut their price objective 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Mohawk Industries in a research report on Tuesday, April 1st. They issued a "hold" rating and a $121.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $142.57.

Insider Activity

In other news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $113.44, for a total value of $1,191,120.00. Following the transaction, the insider now owns 93,584 shares of the company's stock, valued at $10,616,168.96. This represents a 10.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 17.40% of the company's stock.

Mohawk Industries Trading Up 4.2 %

Mohawk Industries stock traded up $4.23 during trading hours on Tuesday, hitting $104.20. The stock had a trading volume of 79,781 shares, compared to its average volume of 734,360. The business's 50 day simple moving average is $112.38 and its 200-day simple moving average is $125.88. Mohawk Industries, Inc. has a one year low of $96.24 and a one year 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 stock has a market cap of $6.51 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 1.44 and a beta of 1.23.

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, beating 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%. On average, equities analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

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.