Wilsey Asset Management Inc. Buys 8,351 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Wilsey Asset Management Inc. raised its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 198,514 shares of the company's stock after purchasing an additional 8,351 shares during the quarter. Mohawk Industries accounts for about 4.4% of Wilsey Asset Management Inc.'s investment portfolio, making the stock its 13th biggest holding. Wilsey Asset Management Inc. owned 0.31% of Mohawk Industries worth $23,649,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MHK. FMR LLC increased its position in shares of Mohawk Industries by 52.3% during the third quarter. FMR LLC now owns 2,179,510 shares of the company's stock valued at $350,204,000 after acquiring an additional 748,070 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Mohawk Industries by 33.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company's stock worth $162,586,000 after purchasing an additional 254,779 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Mohawk Industries by 482.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 137,122 shares of the company's stock worth $22,033,000 after purchasing an additional 113,588 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Mohawk Industries by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company's stock worth $485,983,000 after purchasing an additional 74,123 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Mohawk Industries by 111.1% during the third quarter. BNP Paribas Financial Markets now owns 129,186 shares of the company's stock valued at $20,758,000 after purchasing an additional 67,990 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company reduced 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. Royal Bank of Canada reduced their price target on shares of Mohawk Industries from $140.00 to $134.00 and set a "sector perform" rating for the company in a research note on Monday, October 28th. Wolfe Research upgraded shares of Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a research report on Wednesday, January 8th. 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 research report on Tuesday, January 14th. Finally, Evercore ISI decreased their target price on shares of Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a research note on Monday. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $146.92.

Mohawk Industries Stock Performance

NYSE MHK traded up $3.03 on Thursday, hitting $119.78. 655,491 shares of the company traded hands, compared to its average volume of 833,465. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The business's 50 day moving average price is $123.32 and its 200-day moving average price is $140.07. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.60 and a beta of 1.41. Mohawk Industries, Inc. has a 52-week low of $104.88 and a 52-week high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.00% and a net margin of 4.78%. Equities analysts expect that Mohawk Industries, Inc. will post 10.71 earnings per share for the current year.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 4,000 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $126.11, for a total transaction of $504,440.00. Following the sale, the insider now directly owns 104,084 shares of the company's stock, valued at $13,126,033.24. This trade represents a 3.70 % 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. Insiders sold a total of 19,078 shares of company stock worth $2,474,347 over the last three months. 17.10% of the stock is currently owned by company 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.