Dark Forest Capital Management LP Has $262,000 Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Dark Forest Capital Management LP lowered its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 26.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,196 shares of the company’s stock after selling 804 shares during the period. Dark Forest Capital Management LP’s holdings in Mohawk Industries were worth $262,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Magnetar Financial LLC lifted its holdings in shares of Mohawk Industries by 353.1% during the fourth quarter. Magnetar Financial LLC now owns 39,108 shares of the company’s stock worth $4,659,000 after buying an additional 30,477 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Mohawk Industries by 46.3% during the fourth quarter. Sei Investments Co. now owns 91,586 shares of the company’s stock worth $10,911,000 after buying an additional 28,998 shares in the last quarter. Choreo LLC acquired a new stake in shares of Mohawk Industries during the fourth quarter worth $258,000. Townsend & Associates Inc lifted its holdings in shares of Mohawk Industries by 1.2% during the fourth quarter. Townsend & Associates Inc now owns 263,143 shares of the company’s stock worth $34,382,000 after buying an additional 3,078 shares in the last quarter. Finally, Sciencast Management LP lifted its holdings in shares of Mohawk Industries by 59.1% during the fourth quarter. Sciencast Management LP now owns 6,088 shares of the company’s stock worth $725,000 after buying an additional 2,262 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

NYSE:MHK opened at $106.81 on Tuesday. The stock has a market cap of $6.68 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. 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 stock’s 50-day moving average is $111.03 and its 200-day moving average is $124.13. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $164.29.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data 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 return on equity of 8.04% and a net margin of 4.78%. Equities research analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Analyst Ratings Changes

MHK has been the subject of a number of analyst reports. The Goldman Sachs Group dropped their price target on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price target on Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Truist Financial dropped their price target on Mohawk Industries from $155.00 to $148.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Evercore ISI dropped their price target on Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating for the company in a research note on Monday, February 10th. Finally, Bank of America dropped 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. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Mohawk Industries presently has an average rating of “Moderate Buy” and an average target price of $142.57.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.40% of the stock is owned by 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.