AXQ Capital LP Increases Holdings in Mohawk Industries, Inc. (NYSE:MHK)

AXQ Capital LP boosted its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 54.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,147 shares of the company’s stock after purchasing an additional 1,465 shares during the quarter. AXQ Capital LP’s holdings in Mohawk Industries were worth $494,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hantz Financial Services Inc. lifted its holdings in Mohawk Industries by 7.5% during the third quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company’s stock worth $266,000 after buying an additional 115 shares during the period. Contravisory Investment Management Inc. lifted its stake in shares of Mohawk Industries by 2.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company’s stock worth $680,000 after purchasing an additional 121 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Mohawk Industries by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company’s stock valued at $819,000 after purchasing an additional 130 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Mohawk Industries by 11.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,518 shares of the company’s stock valued at $244,000 after purchasing an additional 161 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in Mohawk Industries by 2.5% in the fourth quarter. CIBC Asset Management Inc now owns 7,816 shares of the company’s stock worth $931,000 after purchasing an additional 190 shares in the last quarter. 78.98% of the stock is owned by institutional investors.

Mohawk Industries Stock Performance

MHK opened at $111.75 on Friday. 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 $104.88 and a 12-month high of $164.29. The firm has a 50 day moving average of $120.12 and a two-hundred day moving average of $133.45. The firm has a market capitalization of $6.99 billion, a PE ratio of 13.75, a P/E/G ratio of 1.44 and a beta of 1.44.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, topping 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%. On average, analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $113.44, for a total value of $1,191,120.00. Following the completion of the transaction, the insider now directly owns 93,584 shares of the company’s stock, valued at approximately $10,616,168.96. The trade was a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 17.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MHK. The Goldman Sachs Group cut 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. Robert W. Baird reduced their price target on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company lowered their price objective on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Bank of America reduced their target price on 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, StockNews.com downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a report on Friday. Six 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $146.92.

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.