Van Lanschot Kempen Investment Management N.V. Trims Position in Mohawk Industries, Inc. (NYSE:MHK)

Van Lanschot Kempen Investment Management N.V. reduced its position in Mohawk Industries, Inc. (NYSE:MHK) by 53.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 194,949 shares of the company’s stock after selling 220,891 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Mohawk Industries were worth $23,224,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its position in shares of Mohawk Industries by 144.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,510 shares of the company’s stock valued at $776,000 after purchasing an additional 3,846 shares during the period. MetLife Investment Management LLC boosted its stake in Mohawk Industries by 1.8% in the 4th quarter. MetLife Investment Management LLC now owns 13,865 shares of the company’s stock worth $1,652,000 after buying an additional 245 shares during the last quarter. Forum Financial Management LP purchased a new stake in Mohawk Industries in the 4th quarter valued at about $273,000. Lodge Hill Capital LLC increased its stake in shares of Mohawk Industries by 406.3% during the 4th quarter. Lodge Hill Capital LLC now owns 258,220 shares of the company’s stock valued at $30,762,000 after acquiring an additional 207,220 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of Mohawk Industries by 151.5% during the 4th quarter. Jump Financial LLC now owns 39,144 shares of the company’s stock worth $4,663,000 after acquiring an additional 23,578 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Price Performance

Shares of MHK stock opened at $102.75 on Monday. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29. The company has a market capitalization of $6.42 billion, a PE ratio of 12.64, 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 firm has a fifty day simple moving average of $112.71 and a 200-day simple moving average of $126.26.

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, 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 fiscal year.

Analysts Set New Price Targets

MHK has been the subject of a number of recent analyst reports. 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 report on Tuesday, January 14th. Raymond James reissued a “strong-buy” rating and set a $165.00 price objective (down from $185.00) on shares of Mohawk Industries in a research note on Monday, February 10th. StockNews.com lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, April 2nd. Robert W. Baird lowered their price target on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $142.57.

Insider Buying and Selling at Mohawk Industries

In other 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 value of $1,191,120.00. Following the completion of the sale, the insider now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 17.40% of the stock is currently owned by corporate insiders.

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.