Lecap Asset Management Ltd. Has $368,000 Position in Mohawk Industries, Inc. (NYSE:MHK)

Lecap Asset Management Ltd. cut its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 66.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,222 shares of the company's stock after selling 6,339 shares during the period. Lecap Asset Management Ltd.'s holdings in Mohawk Industries were worth $368,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Resona Asset Management Co. Ltd. bought a new stake in Mohawk Industries in the fourth quarter worth $41,000. Huntington National Bank boosted its holdings in Mohawk Industries by 27.4% in the fourth quarter. Huntington National Bank now owns 554 shares of the company's stock worth $66,000 after purchasing an additional 119 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Mohawk Industries by 233.0% in the fourth quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock worth $85,000 after purchasing an additional 501 shares in the last quarter. Mufg Securities Americas Inc. bought a new stake in Mohawk Industries in the fourth quarter worth $92,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Mohawk Industries in the fourth quarter worth $114,000. 78.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MHK shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Mohawk Industries in a report on Tuesday, April 1st. They set a "hold" rating and a $121.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Wells Fargo & Company decreased 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 report on Monday, April 14th. Wall Street Zen cut shares of Mohawk Industries from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, Royal Bank Of Canada decreased their price target 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. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $140.00.

Mohawk Industries Stock Performance

NYSE MHK traded up $1.57 during trading on Friday, reaching $104.92. The company's stock had a trading volume of 681,650 shares, compared to its average volume of 766,974. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 3.96 and a beta of 1.19. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $164.29. The firm has a 50 day moving average price of $103.65 and a 200 day moving average price of $112.89.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.56 billion. Mohawk Industries had a net margin of 4.54% and a return on equity of 7.68%. The business's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.86 EPS. As a group, equities analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal 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.