D. E. Shaw & Co. Inc. Acquires 102,271 Shares of Mohawk Industries, Inc. (NYSE:MHK)

D. E. Shaw & Co. Inc. increased its stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 90.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 215,247 shares of the company's stock after purchasing an additional 102,271 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.34% of Mohawk Industries worth $25,642,000 at the end of the most recent quarter.

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

Mohawk Industries Trading Up 1.2%

MHK stock opened at $106.36 on Monday. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $164.29. The firm's 50-day moving average is $108.83 and its 200 day moving average is $120.79. The company has a market capitalization of $6.65 billion, a PE ratio of 13.08, a P/E/G 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 (NYSE:MHK - Get Free Report) last issued its earnings results 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 net margin of 4.78% and a return on equity of 8.04%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the firm earned $1.86 EPS. The company's revenue for the quarter was down 5.7% compared to the same quarter last year. On average, research analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Analysts Set New Price Targets

MHK has been the topic of a number of research reports. Bank of America reduced their target price on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. decreased their price objective on Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Mohawk Industries in a report on Tuesday, April 1st. They issued a "hold" rating and a $121.00 target price for the company. Wells Fargo & Company cut their target price on Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada lowered their price target on Mohawk Industries from $130.00 to $119.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.00.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the company's stock in a transaction 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 completion of the sale, the insider now directly owns 93,584 shares in the company, valued at approximately $10,616,168.96. This represents a 10.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.40% of the stock is currently owned by company insiders.

Mohawk Industries 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.

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