Jefferies Financial Group Inc. Acquires Shares of 6,703 Mohawk Industries, Inc. (NYSE:MHK)

Jefferies Financial Group Inc. acquired a new position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,703 shares of the company's stock, valued at approximately $799,000.

Other institutional investors have also modified their holdings of the company. Resona Asset Management Co. Ltd. purchased a new stake in Mohawk Industries in the 4th quarter valued at $41,000. R Squared Ltd purchased a new stake in Mohawk Industries in the 4th quarter valued at $66,000. Huntington National Bank raised its position in Mohawk Industries by 27.4% in the 4th quarter. Huntington National Bank now owns 554 shares of the company's stock valued at $66,000 after purchasing an additional 119 shares during the last quarter. Jones Financial Companies Lllp raised its position in Mohawk Industries by 233.0% in the 4th quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock valued at $85,000 after purchasing an additional 501 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new stake in Mohawk Industries in the 4th quarter valued at $88,000. Hedge funds and other institutional investors own 78.98% of the company's stock.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $113.44, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 17.40% of the company's stock.

Mohawk Industries Price Performance

MHK stock traded down $1.58 during midday trading on Friday, hitting $100.55. 777,440 shares of the stock were exchanged, compared to its average volume of 755,975. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.44 and a beta of 1.24. The stock's 50-day moving average price is $105.89 and its 200-day moving average price is $117.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06.

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

Wall Street Analyst Weigh In

Several research firms recently commented on MHK. Wells Fargo & Company reduced their price target 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. Barclays reduced their target price on shares of 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. Bank of America dropped their price target on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Robert W. Baird reduced their price objective on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Finally, 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, May 6th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Mohawk Industries has an average rating of "Moderate Buy" and a consensus price target of $140.00.

Mohawk Industries Company 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.