Trexquant Investment LP Has $2.22 Million Position in Mohawk Industries, Inc. (NYSE:MHK)

Trexquant Investment LP reduced its stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 74.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,619 shares of the company's stock after selling 54,785 shares during the period. Trexquant Investment LP's holdings in Mohawk Industries were worth $2,218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of MHK. Magnetar Financial LLC increased its holdings in shares of Mohawk Industries by 353.1% during the fourth quarter. Magnetar Financial LLC now owns 39,108 shares of the company's stock worth $4,659,000 after buying an additional 30,477 shares in the last quarter. Choreo LLC bought a new stake in shares of Mohawk Industries during the fourth quarter worth $258,000. Sei Investments Co. lifted its stake in shares of Mohawk Industries by 46.3% during the fourth quarter. Sei Investments Co. now owns 91,586 shares of the company's stock valued at $10,911,000 after acquiring an additional 28,998 shares during the period. Townsend & Associates Inc increased its position in Mohawk Industries by 1.2% in the fourth quarter. Townsend & Associates Inc now owns 263,143 shares of the company's stock worth $34,382,000 after purchasing an additional 3,078 shares during the period. Finally, Sciencast Management LP raised its holdings in Mohawk Industries by 59.1% during the 4th quarter. Sciencast Management LP now owns 6,088 shares of the company's stock worth $725,000 after purchasing an additional 2,262 shares during the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts have weighed in on the company. Loop Capital cut their target price 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 assumed coverage on shares of Mohawk Industries in a report on Tuesday, April 1st. They issued a "hold" rating and a $121.00 price target for the company. StockNews.com downgraded Mohawk Industries from a "buy" rating to a "hold" rating in a report on Wednesday, April 2nd. The Goldman Sachs Group decreased their price objective on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, Robert W. Baird reduced their price target on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.57.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 10,500 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly owns 93,584 shares of the company's stock, valued at approximately $10,616,168.96. This trade represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 17.10% of the company's stock.

Mohawk Industries Stock Performance

Shares of MHK traded down $0.36 during mid-day trading on Monday, reaching $104.69. The company's stock had a trading volume of 24,790 shares, compared to its average volume of 735,465. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $164.29. The business has a 50-day simple moving average of $114.44 and a two-hundred day simple moving average of $128.24. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6.54 billion, a P/E ratio of 12.88, a PEG ratio of 1.44 and a beta of 1.23.

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 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, equities research analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

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.