4,504 Shares in Mohawk Industries, Inc. (NYSE:MHK) Purchased by Bailard Inc.

Bailard Inc. purchased a new stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,504 shares of the company's stock, valued at approximately $514,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Resona Asset Management Co. Ltd. bought a new position in shares of Mohawk Industries during the 4th quarter valued at $41,000. Allworth Financial LP boosted its position in Mohawk Industries by 36.2% during the first quarter. Allworth Financial LP now owns 595 shares of the company's stock valued at $65,000 after buying an additional 158 shares during the period. Huntington National Bank grew its stake in shares of Mohawk Industries by 27.4% during the fourth quarter. Huntington National Bank now owns 554 shares of the company's stock valued at $66,000 after buying an additional 119 shares during the last quarter. Mufg Securities Americas Inc. purchased a new position in shares of Mohawk Industries in the fourth quarter worth about $92,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Mohawk Industries during the 4th quarter valued at about $114,000. Hedge funds and other institutional investors own 78.98% of the company's stock.

Wall Street Analysts Forecast Growth

MHK has been the topic of a number of analyst reports. Royal Bank Of Canada decreased their price objective on shares of Mohawk Industries from $130.00 to $119.00 and set a "sector perform" rating on the stock in a research report on Monday, May 5th. Wall Street Zen lowered Mohawk Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Wells Fargo & Company lifted their price objective on Mohawk Industries from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. reduced their target price on Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Finally, Barclays dropped their price target on Mohawk Industries from $115.00 to $111.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $140.71.

Mohawk Industries Stock Up 1.3%

Shares of MHK traded up $1.52 during mid-day trading on Wednesday, reaching $116.62. The company had a trading volume of 566,860 shares, compared to its average volume of 764,945. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.13 and a current ratio of 2.01. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 4.49 and a beta of 1.18. The firm has a 50-day moving average price of $105.58 and a 200 day moving average price of $111.42. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $164.29.

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, beating the consensus estimate of $1.41 by $0.11. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.56 billion. Mohawk Industries had a return on equity of 7.68% and a net margin of 4.54%. The company's revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business posted $1.86 EPS. On average, sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

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.