Asset Management One Co. Ltd. Buys 245 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Asset Management One Co. Ltd. grew its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 24.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,248 shares of the company’s stock after acquiring an additional 245 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Mohawk Industries were worth $148,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MHK. Mark Sheptoff Financial Planning LLC bought a new position in shares of Mohawk Industries during the third quarter valued at $36,000. Wilmington Savings Fund Society FSB bought a new position in shares of Mohawk Industries during the third quarter valued at $55,000. Blue Trust Inc. increased its holdings in shares of Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after acquiring an additional 167 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Mohawk Industries during the third quarter valued at $61,000. Finally, Versant Capital Management Inc boosted its position in shares of Mohawk Industries by 71.0% during the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock valued at $64,000 after buying an additional 223 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. The Goldman Sachs Group dropped their price objective on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Wells Fargo & Company dropped their price objective on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Raymond James reaffirmed a “strong-buy” rating and set a $165.00 price objective (down from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, StockNews.com cut Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $146.92.

Insider Activity

In related news, insider Suzanne L. Helen sold 9,078 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 SEC, which is accessible through the SEC website. Insiders have sold a total of 19,078 shares of company stock valued at $2,474,347 in the last ninety days. Corporate insiders own 17.10% of the company’s stock.

Mohawk Industries Stock Down 1.8 %

MHK stock opened at $115.89 on Friday. Mohawk Industries, Inc. has a twelve month low of $104.88 and a twelve month high of $164.29. 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 cap of $7.31 billion, a P/E ratio of 14.25, a PEG ratio of 1.44 and a beta of 1.41. The business’s 50-day moving average price is $121.69 and its 200-day moving average price is $138.35.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share 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%. On average, equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Mohawk Industries Company 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.