Schroder Investment Management Group Has $51.72 Million Position in Mohawk Industries, Inc. (NYSE:MHK)

Schroder Investment Management Group cut its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 434,169 shares of the company's stock after selling 93,192 shares during the quarter. Schroder Investment Management Group owned approximately 0.69% of Mohawk Industries worth $51,723,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Magnetar Financial LLC boosted its position in Mohawk Industries by 353.1% in the fourth quarter. Magnetar Financial LLC now owns 39,108 shares of the company's stock valued at $4,659,000 after buying an additional 30,477 shares in the last quarter. Choreo LLC acquired a new position in shares of Mohawk Industries in the 4th quarter worth approximately $258,000. Sei Investments Co. grew its position in Mohawk Industries by 46.3% during the 4th quarter. Sei Investments Co. now owns 91,586 shares of the company's stock worth $10,911,000 after acquiring an additional 28,998 shares during the last quarter. Townsend & Associates Inc increased its holdings in Mohawk Industries by 1.2% during the 4th quarter. Townsend & Associates Inc now owns 263,143 shares of the company's stock valued at $34,382,000 after purchasing an additional 3,078 shares in the last quarter. Finally, Sciencast Management LP raised its position in Mohawk Industries by 59.1% in the 4th quarter. Sciencast Management LP now owns 6,088 shares of the company's stock valued at $725,000 after purchasing an additional 2,262 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company's stock.

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Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the sale, the insider now directly owns 93,584 shares in the company, valued at approximately $10,616,168.96. This trade represents a 10.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 17.10% of the company's stock.

Mohawk Industries Trading Down 2.1 %

MHK traded down $2.29 during midday trading on Friday, reaching $105.55. 981,113 shares of the company were exchanged, compared to its average volume of 730,561. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The stock has a market capitalization of $6.61 billion, a P/E ratio of 12.98, a PEG ratio of 1.44 and a beta of 1.23. The stock's 50-day simple moving average is $117.26 and its 200 day simple moving average is $130.85. Mohawk Industries, Inc. has a one year low of $100.56 and a one year high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. As a group, analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wells Fargo & Company decreased their target price on Mohawk Industries from $135.00 to $130.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Evercore ISI lowered their price objective on shares of Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a research report on Monday, February 10th. Barclays reduced their target price on shares of Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. Raymond James reissued 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. Finally, Wolfe Research raised Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a report on Wednesday, January 8th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $145.07.

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.