CenterBook Partners LP Acquires Shares of 9,999 Mohawk Industries, Inc. (NYSE:MHK)

CenterBook Partners LP bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,999 shares of the company’s stock, valued at approximately $1,191,000.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in Mohawk Industries during the 4th quarter worth about $61,171,000. Massachusetts Financial Services Co. MA grew its position in shares of Mohawk Industries by 35.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,366,517 shares of the company’s stock worth $162,793,000 after buying an additional 354,656 shares during the period. American Century Companies Inc. raised its stake in shares of Mohawk Industries by 48.7% during the fourth quarter. American Century Companies Inc. now owns 958,818 shares of the company’s stock worth $114,224,000 after buying an additional 313,897 shares during the last quarter. Invesco Ltd. lifted its holdings in Mohawk Industries by 16.3% in the fourth quarter. Invesco Ltd. now owns 1,725,383 shares of the company’s stock valued at $205,545,000 after buying an additional 241,448 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Mohawk Industries by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,215,616 shares of the company’s stock valued at $383,076,000 after acquiring an additional 191,077 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

MHK opened at $102.92 on Friday. 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 company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 1.44 and a beta of 1.23. The business’s 50-day moving average price is $114.74 and its two-hundred day moving average price is $128.78. Mohawk Industries, Inc. has a 1 year low of $96.24 and a 1 year high of $164.29.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. Equities analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on MHK. Wells Fargo & Company cut their price target on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Raymond James restated a “strong-buy” rating and set a $165.00 target price (down previously from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th. Bank of America lowered their price target on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Barclays reduced their price objective on shares of Mohawk Industries from $125.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, The Goldman Sachs Group lowered 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 note on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mohawk Industries presently has a consensus rating of “Moderate Buy” and an average price target of $144.36.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the sale, the insider now directly owns 93,584 shares of the company’s stock, valued at $10,616,168.96. The trade was a 10.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 17.10% of the stock is currently owned by corporate insiders.

About Mohawk Industries

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.