Mohawk Industries, Inc. (NYSE:MHK) Holdings Reduced by River Global Investors LLP

River Global Investors LLP lowered its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 45.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,325 shares of the company's stock after selling 10,991 shares during the quarter. River Global Investors LLP's holdings in Mohawk Industries were worth $1,586,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Mark Sheptoff Financial Planning LLC acquired a new position in Mohawk Industries in the third quarter valued at $36,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Mohawk Industries in the 3rd quarter worth about $55,000. True Wealth Design LLC acquired a new position in shares of Mohawk Industries in the 3rd quarter valued at about $61,000. Capital Performance Advisors LLP acquired a new position in shares of Mohawk Industries in the 3rd quarter valued at about $73,000. Finally, Versant Capital Management Inc grew 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 purchasing an additional 223 shares during the period. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 4,000 shares of the company's stock in a transaction 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 directly owns 104,084 shares in the company, valued at $13,126,033.24. This represents a 3.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 17.10% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wolfe Research upgraded shares of Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a report on Wednesday, January 8th. StockNews.com upgraded Mohawk Industries from a "hold" rating to a "buy" rating in a report on Monday. Barclays decreased their price target on Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Raymond James reissued a "strong-buy" rating and set a $165.00 target price (down from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Finally, Bank of America dropped their price target on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $146.92.

Mohawk Industries Stock Performance

Shares of MHK stock traded up $0.97 on Wednesday, hitting $113.49. 858,975 shares of the stock traded hands, compared to its average volume of 694,523. The company's fifty day moving average is $120.78 and its 200 day moving average is $135.59. Mohawk Industries, Inc. has a 1-year low of $104.88 and a 1-year high of $164.29. The company has a market capitalization of $7.10 billion, a PE ratio of 13.96, a PEG ratio of 1.44 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its 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%. On average, equities research analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Mohawk Industries Company 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.