Brandes Investment Partners LP Has $65.77 Million Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Brandes Investment Partners LP trimmed its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 40.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 552,087 shares of the company's stock after selling 370,518 shares during the period. Brandes Investment Partners LP owned about 0.87% of Mohawk Industries worth $65,770,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MHK. 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 valued at $350,204,000 after purchasing an additional 748,070 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Mohawk Industries by 33.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company's stock valued at $162,586,000 after purchasing an additional 254,779 shares during the last quarter. Amundi lifted its holdings in shares of Mohawk Industries by 117.4% during the fourth quarter. Amundi now owns 331,750 shares of the company's stock valued at $39,239,000 after purchasing an additional 179,121 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Mohawk Industries by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company's stock valued at $485,983,000 after purchasing an additional 74,123 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Mohawk Industries by 111.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 129,186 shares of the company's stock worth $20,758,000 after acquiring an additional 67,990 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

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Mohawk Industries Price Performance

Shares of Mohawk Industries stock traded up $0.30 during midday trading on Wednesday, hitting $114.57. 874,062 shares of the company were exchanged, compared to its average volume of 692,782. 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 firm has a market cap of $7.17 billion, a P/E ratio of 14.09, 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 firm has a 50 day simple moving average of $120.40 and a 200-day simple moving average of $134.15.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its 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%. Research analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction on Friday, March 14th. The stock was sold at an average price of $113.44, for a total value of $1,191,120.00. Following the completion of the transaction, the insider now owns 93,584 shares in the company, valued at approximately $10,616,168.96. The trade was a 10.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 17.10% of the company's stock.

Analyst Upgrades and Downgrades

MHK has been the subject of several research analyst reports. Bank of America reduced their price objective 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. The Goldman Sachs Group reduced their price objective on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. StockNews.com raised Mohawk Industries from a "hold" rating to a "buy" rating in a research note on Monday, March 10th. Wells Fargo & Company reduced their price objective on Mohawk Industries from $135.00 to $130.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. Finally, Robert W. Baird reduced their price objective on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.