Mohawk Industries, Inc. (NYSE:MHK) is Tabor Asset Management LP's Largest Position

Tabor Asset Management LP boosted its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 36.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,977 shares of the company's stock after acquiring an additional 32,124 shares during the quarter. Mohawk Industries accounts for about 6.8% of Tabor Asset Management LP's holdings, making the stock its biggest holding. Tabor Asset Management LP owned 0.19% of Mohawk Industries worth $14,293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Teza Capital Management LLC purchased a new stake in shares of Mohawk Industries in the fourth quarter valued at approximately $435,000. State of Wyoming boosted its position in shares of Mohawk Industries by 29.4% during the 4th quarter. State of Wyoming now owns 3,483 shares of the company's stock worth $415,000 after purchasing an additional 792 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Mohawk Industries by 2.9% during the 4th quarter. Toronto Dominion Bank now owns 20,997 shares of the company's stock worth $2,501,000 after purchasing an additional 583 shares during the period. Sherbrooke Park Advisers LLC increased its holdings in shares of Mohawk Industries by 103.8% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 3,414 shares of the company's stock valued at $407,000 after purchasing an additional 1,739 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its stake in shares of Mohawk Industries by 19.7% in the fourth quarter. Rafferty Asset Management LLC now owns 21,442 shares of the company's stock valued at $2,554,000 after purchasing an additional 3,528 shares during the period. Institutional investors and hedge funds own 78.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MHK shares. StockNews.com downgraded shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Barclays lowered their target price on Mohawk Industries from $115.00 to $111.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. cut their price target on Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Loop Capital decreased their price objective on shares of Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Finally, Bank of America dropped their target price on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a report on Monday, February 10th. 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. Based on data from MarketBeat, Mohawk Industries presently has an average rating of "Moderate Buy" and a consensus price target of $140.00.

Mohawk Industries Price Performance

Shares of NYSE:MHK opened at $108.15 on Monday. The business has a fifty day simple moving average of $108.11 and a 200-day simple moving average of $119.95. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $164.29. The company has a market cap of $6.76 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.44 and a beta of 1.24. 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 posted its quarterly earnings data on Thursday, May 1st. The company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. The company 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 4.78% and a return on equity of 8.04%. The company's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.86 EPS. Equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insiders Place Their Bets

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

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.

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