Jones Financial Companies Lllp Buys 501 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Jones Financial Companies Lllp grew its stake in Mohawk Industries, Inc. (NYSE:MHK) by 233.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 716 shares of the company’s stock after purchasing an additional 501 shares during the quarter. Jones Financial Companies Lllp’s holdings in Mohawk Industries were worth $85,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Versor Investments LP lifted its holdings in shares of Mohawk Industries by 31.5% in the fourth quarter. Versor Investments LP now owns 2,236 shares of the company’s stock valued at $266,000 after purchasing an additional 536 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Mohawk Industries in the fourth quarter valued at approximately $3,732,000. Bank of New York Mellon Corp lifted its holdings in shares of Mohawk Industries by 5.5% in the fourth quarter. Bank of New York Mellon Corp now owns 316,805 shares of the company’s stock valued at $37,741,000 after purchasing an additional 16,483 shares in the last quarter. Blackhawk Capital Partners LLC. lifted its holdings in shares of Mohawk Industries by 32.7% in the fourth quarter. Blackhawk Capital Partners LLC. now owns 1,816 shares of the company’s stock valued at $216,000 after purchasing an additional 447 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Mohawk Industries in the fourth quarter valued at approximately $997,000. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $114.39 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. Mohawk Industries, Inc. has a fifty-two week low of $104.88 and a fifty-two week high of $164.29. The stock has a market cap of $7.16 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44. The stock has a fifty day moving average of $120.51 and a 200-day moving average of $134.71.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data 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 research analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of the business’s stock in a transaction on Friday, March 14th. The stock was 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 in the company, 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 SEC, which can be accessed through this hyperlink. 17.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Bank of America decreased their price target on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 10th. The Goldman Sachs Group decreased their price target on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Robert W. Baird decreased 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. Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price target on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $146.92.

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.