US Bancorp DE Has $444,000 Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

US Bancorp DE lowered its stake in Mohawk Industries, Inc. (NYSE:MHK) by 4.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,728 shares of the company’s stock after selling 192 shares during the period. US Bancorp DE’s holdings in Mohawk Industries were worth $444,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MHK. Mark Sheptoff Financial Planning LLC acquired a new position in Mohawk Industries in the 3rd quarter valued at about $36,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Mohawk Industries during the 3rd quarter worth approximately $55,000. True Wealth Design LLC acquired a new position in shares of Mohawk Industries during the 3rd quarter worth approximately $61,000. Versant Capital Management Inc grew its position in shares of Mohawk Industries by 71.0% during the 4th quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock worth $64,000 after purchasing an additional 223 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Mohawk Industries during the 4th quarter worth approximately $66,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 4,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $126.11, for a total transaction of $504,440.00. Following the completion of the sale, the insider now directly owns 104,084 shares in the company, valued at $13,126,033.24. This represents a 3.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 17.10% of the company’s stock.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $113.49 on Thursday. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 1.44 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The firm’s 50-day simple moving average is $120.78 and its two-hundred day simple moving average is $135.59. Mohawk Industries, Inc. has a 52 week low of $104.88 and a 52 week high of $164.29.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. As a group, equities analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MHK has been the topic of a number of analyst reports. Raymond James restated a “strong-buy” rating and set a $165.00 target price (down previously from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Wells Fargo & Company decreased their target price on shares of 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. Evercore ISI decreased their target price on shares of Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. Bank of America decreased their target price on shares of Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Finally, Wolfe Research raised shares of Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price target for the company in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $146.92.

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.