Rhumbline Advisers Has $11.33 Million Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Rhumbline Advisers lessened its position in Mohawk Industries, Inc. (NYSE:MHK) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,138 shares of the company’s stock after selling 1,951 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of Mohawk Industries worth $11,334,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Choreo LLC acquired a new position in shares of Mohawk Industries during the 4th quarter worth approximately $258,000. Meeder Asset Management Inc. boosted its stake in Mohawk Industries by 8.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 84,535 shares of the company’s stock valued at $13,583,000 after purchasing an additional 6,863 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Mohawk Industries by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock valued at $485,983,000 after acquiring an additional 74,123 shares during the period. Natixis Advisors LLC raised its holdings in shares of Mohawk Industries by 19.8% during the 3rd quarter. Natixis Advisors LLC now owns 87,477 shares of the company’s stock worth $14,056,000 after buying an additional 14,480 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Mohawk Industries during the 4th quarter worth $536,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

Shares of MHK opened at $115.89 on Monday. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.44 and a beta of 1.41. The business’s fifty day simple moving average is $121.69 and its two-hundred day simple moving average is $138.25. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 12 month low of $104.88 and a 12 month high of $164.29.

Mohawk Industries (NYSE:MHK) last issued 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%. Research analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MHK has been the subject of a number of analyst reports. Barclays lowered their price objective on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Wolfe Research upgraded Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a report on Wednesday, January 8th. Evercore ISI dropped their target price on Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Raymond James reiterated a “strong-buy” rating and set a $165.00 price target (down from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th. Finally, Royal Bank of Canada lowered their target price on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research note on Monday, October 28th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.92.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 4,000 shares of Mohawk Industries stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the completion of the transaction, the insider now owns 104,084 shares in the company, valued at approximately $13,126,033.24. This trade represents a 3.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 19,078 shares of company stock worth $2,474,347. Corporate insiders own 17.10% of the company’s stock.

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.