Teza Capital Management LLC Buys New Position in Mohawk Industries, Inc. (NYSE:MHK)

Teza Capital Management LLC acquired a new stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,649 shares of the company's stock, valued at approximately $435,000.

Several other large investors have also modified their holdings of MHK. Vanguard Group Inc. raised its position in Mohawk Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,229,786 shares of the company's stock valued at $742,154,000 after purchasing an additional 20,327 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Mohawk Industries by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,215,616 shares of the company's stock valued at $383,076,000 after purchasing an additional 191,077 shares during the period. Invesco Ltd. increased its stake in Mohawk Industries by 16.3% in the fourth quarter. Invesco Ltd. now owns 1,725,383 shares of the company's stock valued at $205,545,000 after purchasing an additional 241,448 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Mohawk Industries by 35.0% in 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 buying an additional 354,656 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Mohawk Industries by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,298,260 shares of the company's stock worth $154,488,000 after buying an additional 22,736 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mohawk Industries

In other 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 value of $1,191,120.00. Following the transaction, the insider now 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 legal filing with the SEC, which is available at this link. 17.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MHK has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada cut their price target on Mohawk Industries from $130.00 to $119.00 and set a "sector perform" rating for the company in a research note on Monday, May 5th. JPMorgan Chase & Co. lowered their price objective on shares of Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Bank of America dropped their price objective 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Mohawk Industries in a research note on Tuesday, April 1st. They issued a "hold" rating and a $121.00 target price for the company. 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $140.00.

Mohawk Industries Trading Down 0.2%

Shares of MHK traded down $0.25 during mid-day trading on Thursday, reaching $102.23. The company had a trading volume of 513,359 shares, compared to its average volume of 753,027. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29. The firm has a fifty day simple moving average of $107.43 and a 200-day simple moving average of $119.32. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22.

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

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.