Mohawk Industries, Inc. (NYSE:MHK) Shares Purchased by Bokf Na

Bokf Na increased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,694 shares of the company’s stock after purchasing an additional 150 shares during the period. Bokf Na’s holdings in Mohawk Industries were worth $1,499,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. acquired a new stake in shares of Mohawk Industries during the 4th quarter worth approximately $41,000. Wilmington Savings Fund Society FSB acquired a new stake in Mohawk Industries during the third quarter worth $55,000. R Squared Ltd purchased a new stake in Mohawk Industries in the fourth quarter valued at $66,000. Huntington National Bank raised its position in Mohawk Industries by 27.4% in the fourth quarter. Huntington National Bank now owns 554 shares of the company’s stock valued at $66,000 after purchasing an additional 119 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of Mohawk Industries by 233.0% during the 4th quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $85,000 after purchasing an additional 501 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Suzanne L. Helen sold 10,500 shares of the company’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 $10,616,168.96. This represents a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 17.40% of the company’s stock.

Mohawk Industries Trading Up 4.3 %

NYSE MHK opened at $105.16 on Friday. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $164.29. The firm has a 50 day moving average of $108.96 and a two-hundred day moving average of $121.54. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $6.57 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, May 1st. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.11. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The company’s revenue was down 5.7% compared to the same quarter last year. As a group, research analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on MHK. Robert W. Baird decreased their target price on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Raymond James reaffirmed a “strong-buy” rating and set a $165.00 price objective (down previously from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Loop Capital dropped their target price on shares of Mohawk Industries from $180.00 to $155.00 and set a “buy” rating for the company in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft assumed coverage on Mohawk Industries in a research note on Tuesday, April 1st. They set a “hold” rating and a $121.00 price target on the stock. Finally, Barclays dropped their price objective on Mohawk Industries from $115.00 to $111.00 and set an “equal weight” rating for the company in a research note on Monday. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Mohawk Industries currently has a consensus rating of “Moderate Buy” and an average target price of $140.00.

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.