Mohawk Industries, Inc. (NYSE:MHK) Holdings Reduced by Fmr LLC

Fmr LLC lessened its position in Mohawk Industries, Inc. (NYSE:MHKFree Report) by 33.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,102,328 shares of the company’s stock after selling 1,077,969 shares during the quarter. Fmr LLC’s holdings in Mohawk Industries were worth $180,401,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MHK. Gyon Technologies Capital Management LP acquired a new position in Mohawk Industries in the 4th quarter valued at approximately $30,000. Rockefeller Capital Management L.P. increased its stake in Mohawk Industries by 143.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 307 shares of the company’s stock valued at $31,000 after buying an additional 181 shares during the period. Natixis acquired a new position in Mohawk Industries in the 2nd quarter valued at approximately $40,000. Covestor Ltd increased its stake in Mohawk Industries by 191.0% in the 1st quarter. Covestor Ltd now owns 390 shares of the company’s stock valued at $49,000 after buying an additional 256 shares during the period. Finally, UniSuper Management Pty Ltd acquired a new position in Mohawk Industries in the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Mohawk Industries Trading Up 0.9 %

Shares of NYSE:MHK opened at $114.94 on Friday. Mohawk Industries, Inc. has a one year low of $76.02 and a one year high of $118.36. The company has a 50 day moving average of $105.75 and a 200-day moving average of $95.01. The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHKGet Free Report) last issued its quarterly earnings results on Friday, February 9th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.86 by $0.10. Mohawk Industries had a negative net margin of 3.95% and a positive return on equity of 7.52%. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the company earned $1.32 EPS. Mohawk Industries’s revenue was down 1.4% on a year-over-year basis. On average, sell-side analysts anticipate that Mohawk Industries, Inc. will post 9.71 EPS for the current fiscal year.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 5,500 shares of Mohawk Industries stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $94.09, for a total transaction of $517,495.00. Following the completion of the sale, the insider now owns 8,953 shares in the company, valued at approximately $842,387.77. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 17.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on MHK shares. Deutsche Bank Aktiengesellschaft upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating and upped their price objective for the company from $98.00 to $152.00 in a research note on Monday, February 12th. The Goldman Sachs Group increased their price target on shares of Mohawk Industries from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. StockNews.com upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. Barclays increased their price target on shares of Mohawk Industries from $100.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Monday, February 12th. Finally, Wells Fargo & Company dropped their price target on shares of Mohawk Industries from $105.00 to $100.00 and set an “underweight” rating on the stock in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $116.10.

View Our Latest Stock Report on MHK

Mohawk Industries Company Profile

(Free Report)

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, Russia, and internationally. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

Featured Stories

Want to see what other hedge funds are holding MHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mohawk Industries, Inc. (NYSE:MHKFree Report).

Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter.