Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC cut its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,755 shares of the company's stock after selling 12,893 shares during the period. O Shaughnessy Asset Management LLC owned 0.11% of Mohawk Industries worth $8,072,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MHK. Brandywine Global Investment Management LLC boosted its position in Mohawk Industries by 25.6% during the 4th quarter. Brandywine Global Investment Management LLC now owns 38,675 shares of the company's stock valued at $4,607,000 after acquiring an additional 7,876 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Mohawk Industries by 72.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 335,176 shares of the company's stock valued at $39,930,000 after purchasing an additional 140,647 shares during the last quarter. Heartland Advisors Inc. grew its stake in Mohawk Industries by 4.3% in the fourth quarter. Heartland Advisors Inc. now owns 288,401 shares of the company's stock valued at $34,357,000 after purchasing an additional 11,964 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Mohawk Industries by 22.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 1,707 shares of the company's stock valued at $203,000 after buying an additional 314 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Mohawk Industries during the 4th quarter worth approximately $61,171,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Mohawk Industries Price Performance

MHK traded down $2.29 during trading on Friday, hitting $105.55. The company's stock had a trading volume of 981,113 shares, compared to its average volume of 730,561. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.44 and a beta of 1.23. Mohawk Industries, Inc. has a twelve month low of $100.56 and a twelve month high of $164.29. The business's fifty day simple moving average is $117.26 and its 200 day simple moving average is $130.67. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MHK. JPMorgan Chase & Co. dropped their price target 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. Raymond James reaffirmed a "strong-buy" rating and set a $165.00 price target (down previously from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. The Goldman Sachs Group dropped their target price on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Barclays dropped their price objective on shares of Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Mohawk Industries in a report on Tuesday, April 1st. They issued a "hold" rating and a $121.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Mohawk Industries has an average rating of "Moderate Buy" and a consensus target price of $145.07.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the insider now directly 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. Insiders own 17.10% 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.