AQR Capital Management LLC Has $50.31 Million Holdings in Mohawk Industries, Inc. (NYSE:MHK)

AQR Capital Management LLC reduced its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 422,896 shares of the company's stock after selling 160,206 shares during the period. AQR Capital Management LLC owned about 0.67% of Mohawk Industries worth $50,308,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MHK. Resona Asset Management Co. Ltd. acquired a new position in shares of Mohawk Industries in the 4th quarter valued at about $41,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Mohawk Industries during the 3rd quarter valued at $55,000. Versant Capital Management Inc increased its stake in shares of Mohawk Industries by 71.0% in the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company's stock worth $64,000 after acquiring an additional 223 shares during the last quarter. R Squared Ltd acquired a new stake in Mohawk Industries during the fourth quarter valued at $66,000. Finally, Huntington National Bank increased its position in Mohawk Industries by 27.4% in the 4th quarter. Huntington National Bank now owns 554 shares of the company's stock worth $66,000 after purchasing an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MHK. Raymond James reiterated a "strong-buy" rating and issued a $165.00 target price (down from $185.00) on shares of Mohawk Industries in a research note on Monday, February 10th. Bank of America decreased their price objective on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a report on Monday, February 10th. JPMorgan Chase & Co. lowered their price objective on Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating on the stock in a report on Tuesday. Robert W. Baird decreased their price target on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Finally, Truist Financial dropped their price objective on Mohawk Industries from $155.00 to $148.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $140.00.

Mohawk Industries Price Performance

Shares of MHK traded down $0.37 on Wednesday, hitting $100.97. The company's stock had a trading volume of 116,779 shares, compared to its average volume of 743,907. The company has a 50 day moving average price of $109.52 and a 200 day moving average price of $122.07. The company has a market capitalization of $6.31 billion, a PE ratio of 12.41, a PEG ratio of 1.44 and a beta of 1.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.52 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.11. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the company earned $1.86 earnings per share. The company's revenue was down 5.7% on a year-over-year basis. On average, research analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the transaction, the insider now owns 93,584 shares in the company, valued at approximately $10,616,168.96. This trade represents a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.40% of the stock is owned by corporate insiders.

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.