EntryPoint Capital LLC Makes New Investment in Mohawk Industries, Inc. (NYSE:MHK)

EntryPoint Capital LLC purchased a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,468 shares of the company’s stock, valued at approximately $294,000.

Other hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in Mohawk Industries by 52.3% during the third quarter. FMR LLC now owns 2,179,510 shares of the company’s stock worth $350,204,000 after buying an additional 748,070 shares during the last quarter. American Century Companies Inc. grew its holdings in Mohawk Industries by 48.7% during the fourth quarter. American Century Companies Inc. now owns 958,818 shares of the company’s stock valued at $114,224,000 after purchasing an additional 313,897 shares during the period. Amundi raised its stake in shares of Mohawk Industries by 117.4% in the fourth quarter. Amundi now owns 331,750 shares of the company’s stock valued at $39,239,000 after buying an additional 179,121 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Mohawk Industries by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock valued at $485,983,000 after buying an additional 74,123 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Mohawk Industries by 111.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 129,186 shares of the company’s stock worth $20,758,000 after acquiring an additional 67,990 shares during the period. 78.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Evercore ISI dropped their price objective on shares of Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group dropped their price target on shares of Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Bank of America reduced their price objective on shares of Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Wells Fargo & Company dropped their target price on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Finally, Barclays reduced their price target 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. Six analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.92.

Mohawk Industries Stock Up 0.3 %

Shares of NYSE MHK opened at $117.22 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. The business has a 50-day moving average of $119.31 and a 200-day moving average of $132.66. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.44 and a beta of 1.44. Mohawk Industries, Inc. has a 12 month low of $104.88 and a 12 month high of $164.29.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates 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 expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 10,500 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $10,616,168.96. This represents a 10.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 17.10% of the stock is owned by insiders.

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.