111 Capital Purchases New Shares in Mohawk Industries, Inc. (NYSE:MHK)

111 Capital purchased a new position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,191 shares of the company's stock, valued at approximately $380,000.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Mohawk Industries during the fourth quarter valued at approximately $61,171,000. Millennium Management LLC lifted its position in Mohawk Industries by 66.2% during the fourth quarter. Millennium Management LLC now owns 898,322 shares of the company's stock valued at $107,017,000 after acquiring an additional 357,687 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position 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 acquiring an additional 354,656 shares during the last quarter. American Century Companies Inc. lifted its position in Mohawk Industries by 48.7% during the fourth quarter. American Century Companies Inc. now owns 958,818 shares of the company's stock valued at $114,224,000 after acquiring an additional 313,897 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in Mohawk Industries by 394.5% during the fourth quarter. Two Sigma Investments LP now owns 313,547 shares of the company's stock valued at $37,353,000 after acquiring an additional 250,145 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company's stock.

Wall Street Analyst Weigh In

MHK has been the subject of a number of analyst reports. Raymond James reissued 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 $130.00 to $105.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. cut their price target on shares of Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Wall Street Zen lowered shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Mohawk Industries in a research note on Tuesday, April 1st. They set a "hold" rating and a $121.00 price target on the stock. Seven investment 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 company's stock. According to data from MarketBeat.com, Mohawk Industries has an average rating of "Moderate Buy" and a consensus price target of $140.00.

Mohawk Industries Stock Performance

Shares of NYSE:MHK traded up $2.17 during midday trading on Tuesday, reaching $100.65. The company's stock had a trading volume of 648,668 shares, compared to its average volume of 756,974. The firm has a market capitalization of $6.29 billion, a PE ratio of 12.38, a P/E/G ratio of 1.44 and a beta of 1.24. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29. The stock has a fifty day moving average of $105.19 and a 200 day moving average of $116.83. 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 (NYSE:MHK - Get Free Report) last released 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.56 billion. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. The business's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 earnings per share. On average, equities analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.40% of the stock is owned by company 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.