Van Lanschot Kempen Investment Management N.V. Cuts Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Van Lanschot Kempen Investment Management N.V. lessened its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 53.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 194,949 shares of the company's stock after selling 220,891 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned about 0.31% of Mohawk Industries worth $23,224,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MHK. Resona Asset Management Co. Ltd. purchased a new position in Mohawk Industries in the 4th quarter valued at $41,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Mohawk Industries in the third quarter worth about $55,000. Versant Capital Management Inc boosted 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 worth $64,000 after acquiring an additional 223 shares during the last quarter. R Squared Ltd purchased a new stake in Mohawk Industries during the 4th quarter valued at about $66,000. Finally, Huntington National Bank raised its holdings in Mohawk Industries by 27.4% in the 4th quarter. Huntington National Bank now owns 554 shares of the company's stock valued at $66,000 after acquiring an additional 119 shares during the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $102.75 on Monday. The company has a market cap of $6.42 billion, a P/E ratio of 12.64, a PEG ratio of 1.44 and a beta of 1.23. The firm has a fifty day moving average price of $112.71 and a 200 day moving average price of $126.26. 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, Inc. has a 12 month low of $96.24 and a 12 month high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced 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 net margin of 4.78% and a return on equity of 8.04%. Sell-side analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Robert W. Baird lowered their target price on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft began coverage on Mohawk Industries in a research note on Tuesday, April 1st. They set a "hold" rating and a $121.00 price objective on the stock. Raymond James reaffirmed a "strong-buy" rating and issued a $165.00 target price (down from $185.00) on shares of Mohawk Industries in a research note on Monday, February 10th. 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 research report on Monday, February 10th. Finally, Wolfe Research upgraded shares of Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a research report on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $142.57.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.40% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding MHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mohawk Industries, Inc. (NYSE:MHK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.