Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,750,761 shares of the company's stock after selling 38,313 shares during the period. Dimensional Fund Advisors LP owned about 4.36% of Mohawk Industries worth $327,698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MHK. Resona Asset Management Co. Ltd. acquired a new stake in Mohawk Industries during the 4th quarter valued at approximately $41,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Mohawk Industries during the third quarter worth approximately $55,000. Versant Capital Management Inc grew its position in shares of Mohawk Industries by 71.0% during the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company's stock worth $64,000 after buying an additional 223 shares in the last quarter. R Squared Ltd bought a new stake in shares of Mohawk Industries in the fourth quarter worth $66,000. Finally, Huntington National Bank boosted its stake in Mohawk Industries by 27.4% during 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 last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MHK. Barclays cut their target price on shares of Mohawk Industries from $125.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Loop Capital cut their price objective on Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft began coverage on Mohawk Industries in a research report on Tuesday, April 1st. They issued a "hold" rating and a $121.00 target price for the company. Bank of America dropped their price target on Mohawk Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Finally, Wolfe Research raised shares of Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a report on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $142.57.

Mohawk Industries Trading Up 1.8 %

NYSE:MHK opened at $102.75 on Monday. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. Mohawk Industries, Inc. has a 1 year low of $96.24 and a 1 year high of $164.29. The business has a fifty day moving average of $112.71 and a 200-day moving average of $126.26.

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

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 17.40% of the company's stock.

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.

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