BNP Paribas Financial Markets Boosts Position in Mohawk Industries, Inc. (NYSE:MHK)

BNP Paribas Financial Markets boosted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 72.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 222,606 shares of the company's stock after acquiring an additional 93,420 shares during the quarter. BNP Paribas Financial Markets owned 0.35% of Mohawk Industries worth $26,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MHK. Vanguard Group Inc. raised its stake in shares of Mohawk Industries by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,229,786 shares of the company's stock valued at $742,154,000 after acquiring an additional 20,327 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Mohawk Industries by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 3,215,616 shares of the company's stock valued at $383,076,000 after purchasing an additional 191,077 shares during the period. Invesco Ltd. raised its position in Mohawk Industries by 16.3% during the 4th quarter. Invesco Ltd. now owns 1,725,383 shares of the company's stock valued at $205,545,000 after purchasing an additional 241,448 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Mohawk Industries by 35.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,366,517 shares of the company's stock worth $162,793,000 after buying an additional 354,656 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Mohawk Industries by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,298,260 shares of the company's stock worth $154,488,000 after buying an additional 22,736 shares during the period. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Trading Down 1.4%

Shares of MHK traded down $1.60 during trading on Wednesday, reaching $109.28. 190,412 shares of the company traded hands, compared to its average volume of 751,984. The stock has a 50-day simple moving average of $108.55 and a 200-day simple moving average of $120.58. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29. The stock has a market cap of $6.83 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MHK shares. JPMorgan Chase & Co. decreased their target price on Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. StockNews.com cut shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Royal Bank of Canada lowered their target price on shares of Mohawk Industries from $130.00 to $119.00 and set a "sector perform" rating for the company in a report on Monday, May 5th. Barclays cut their price target on shares of Mohawk Industries from $115.00 to $111.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Finally, The Goldman Sachs Group decreased their target price on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Seven research 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.

Insider Activity

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $113.44, for a total value of $1,191,120.00. Following the sale, the insider now owns 93,584 shares of the company's stock, valued at approximately $10,616,168.96. The trade was a 10.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 17.40% of the company's stock.

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.