Sciencast Management LP Grows Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Sciencast Management LP lifted its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 59.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,088 shares of the company's stock after acquiring an additional 2,262 shares during the period. Sciencast Management LP's holdings in Mohawk Industries were worth $725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC acquired a new position in Mohawk Industries in the 3rd quarter worth approximately $36,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Mohawk Industries in the third quarter worth $55,000. True Wealth Design LLC purchased a new position in shares of Mohawk Industries during the third quarter worth $61,000. Versant Capital Management Inc lifted its position in Mohawk Industries by 71.0% during the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company's stock valued at $64,000 after purchasing an additional 223 shares during the period. Finally, R Squared Ltd purchased a new stake in Mohawk Industries in the fourth quarter valued at $66,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MHK shares. Wells Fargo & Company decreased their price objective on Mohawk Industries from $135.00 to $130.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Raymond James restated a "strong-buy" rating and issued a $165.00 price objective (down previously from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. The Goldman Sachs Group cut their target price on shares of Mohawk Industries from $170.00 to $145.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Bank of America lowered their price target on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Mohawk Industries presently has an average rating of "Moderate Buy" and an average price target of $146.92.

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Mohawk Industries Price Performance

NYSE MHK traded down $0.20 during mid-day trading on Tuesday, hitting $116.30. The stock had a trading volume of 370,910 shares, compared to its average volume of 700,766. The firm's 50 day moving average is $120.00 and its 200 day moving average is $133.10. 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 stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 14.30, a PEG ratio of 1.44 and a beta of 1.44. Mohawk Industries, Inc. has a twelve month low of $104.88 and a twelve month high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly 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 return on equity of 8.04% and a net margin of 4.78%. Equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of the company'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 value of $1,191,120.00. Following the transaction, the insider now directly owns 93,584 shares in the company, valued at approximately $10,616,168.96. This represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 17.10% of the stock is currently owned by company insiders.

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.