Landscape Capital Management L.L.C. decreased its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 78.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,681 shares of the company’s stock after selling 24,046 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Mohawk Industries were worth $942,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. DB Wealth Management Group LLC bought a new position in Mohawk Industries during the 4th quarter valued at $28,000. Ellevest Inc. bought a new position in Mohawk Industries during the 4th quarter valued at $39,000. Duncker Streett & Co. Inc. bought a new stake in shares of Mohawk Industries during the 4th quarter worth $56,000. Simon Quick Advisors LLC bought a new stake in shares of Mohawk Industries during the 3rd quarter worth $49,000. Finally, First Horizon Advisors Inc. raised its stake in shares of Mohawk Industries by 210.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 513 shares of the company’s stock worth $49,000 after purchasing an additional 348 shares during the period. 74.01% of the stock is owned by institutional investors.
NYSE:MHK opened at $173.70 on Tuesday. The business has a 50 day moving average of $152.63 and a 200 day moving average of $121.68. The company has a market capitalization of $12.37 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.44 and a beta of 1.54. Mohawk Industries, Inc. has a 1-year low of $56.62 and a 1-year high of $178.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.16 and a quick ratio of 1.39.
Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, February 11th. The company reported $3.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.88 by $0.66. Mohawk Industries had a return on equity of 6.74% and a net margin of 5.70%. As a group, sell-side analysts anticipate that Mohawk Industries, Inc. will post 8.15 EPS for the current year.
In related news, insider Cock Paul F. De sold 1,208 shares of the business’s stock in a transaction that occurred on Thursday, December 3rd. The stock was sold at an average price of $132.55, for a total value of $160,120.40. Following the completion of the sale, the insider now owns 20,467 shares in the company, valued at approximately $2,712,900.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 18.50% of the company’s stock.
A number of research firms have recently commented on MHK. JPMorgan Chase & Co. lifted their target price on Mohawk Industries from $157.00 to $203.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 16th. UBS Group began coverage on Mohawk Industries in a research note on Tuesday, December 8th. They set a “neutral” rating and a $134.00 target price on the stock. Barclays lifted their target price on Mohawk Industries from $160.00 to $191.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 16th. Wells Fargo & Company lifted their target price on Mohawk Industries from $75.00 to $96.00 in a research note on Monday, November 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Mohawk Industries from a “sell” rating to a “hold” rating and set a $135.00 target price on the stock in a research note on Monday, December 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $137.00.
Mohawk Industries Profile
Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).
Further Reading: NASDAQ
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).
Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter.