Versant Capital Management Inc Acquires 223 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Versant Capital Management Inc grew its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 71.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 537 shares of the company’s stock after acquiring an additional 223 shares during the quarter. Versant Capital Management Inc’s holdings in Mohawk Industries were worth $64,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Mohawk Industries by 10.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,036,545 shares of the company’s stock worth $344,903,000 after purchasing an additional 292,661 shares during the period. JPMorgan Chase & Co. boosted its position in Mohawk Industries by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock valued at $485,983,000 after buying an additional 74,123 shares during the period. FMR LLC grew its stake in shares of Mohawk Industries by 52.3% during the third quarter. FMR LLC now owns 2,179,510 shares of the company’s stock valued at $350,204,000 after buying an additional 748,070 shares during the last quarter. State Street Corp increased its holdings in shares of Mohawk Industries by 1.3% in the third quarter. State Street Corp now owns 1,846,446 shares of the company’s stock worth $296,687,000 after buying an additional 23,016 shares during the period. Finally, Select Equity Group L.P. lifted its stake in shares of Mohawk Industries by 8.5% in the 2nd quarter. Select Equity Group L.P. now owns 1,702,440 shares of the company’s stock valued at $193,380,000 after acquiring an additional 132,879 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total transaction of $1,187,947.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 19,078 shares of company stock valued at $2,474,347. 17.10% of the stock is currently owned by company insiders.

Mohawk Industries Trading Up 1.2 %

MHK opened at $117.31 on Monday. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 52 week low of $96.28 and a 52 week high of $164.29. The stock has a market cap of $7.40 billion, a PE ratio of 13.29, a PEG ratio of 1.41 and a beta of 1.41. The business has a 50 day moving average of $131.90 and a 200-day moving average of $139.29.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Robert W. Baird upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $160.00 to $196.00 in a research report on Monday, October 21st. Loop Capital decreased their target price on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Jefferies Financial Group upped their price target on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada cut their price target on shares of Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Finally, Baird R W raised shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $159.17.

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.