Mohawk Industries, Inc. (NYSE:MHK) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,229,786 shares of the company's stock after acquiring an additional 20,327 shares during the quarter. Vanguard Group Inc. owned about 9.87% of Mohawk Industries worth $742,154,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Mohawk Industries in the 3rd quarter worth about $36,000. Wilmington Savings Fund Society FSB bought a new stake in Mohawk Industries during the third quarter worth approximately $55,000. True Wealth Design LLC purchased a new stake in Mohawk Industries during the third quarter valued at approximately $61,000. Versant Capital Management Inc lifted its stake in shares of Mohawk Industries by 71.0% in the 4th 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 last quarter. Finally, R Squared Ltd bought a new position in shares of Mohawk Industries during the 4th quarter valued at approximately $66,000. Institutional investors own 78.98% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MHK. Evercore ISI lowered their price target on 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. StockNews.com cut shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research note on Wednesday. The Goldman Sachs Group reduced their price objective on shares of 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 target price on Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their price target on Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $145.07.

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Insider Transactions at Mohawk Industries

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

Mohawk Industries Stock Down 7.8 %

NYSE MHK traded down $9.19 during trading on Thursday, reaching $107.96. 1,518,232 shares of the company's stock traded hands, compared to its average volume of 728,407. Mohawk Industries, Inc. has a 12-month low of $104.88 and a 12-month high of $164.29. 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 firm has a market cap of $6.76 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44. The company's 50 day simple moving average is $117.66 and its two-hundred day simple moving average is $131.37.

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

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.