Two Sigma Advisers LP Buys 137,800 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Two Sigma Advisers LP lifted its stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 1,177.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,500 shares of the company's stock after purchasing an additional 137,800 shares during the period. Two Sigma Advisers LP owned 0.24% of Mohawk Industries worth $17,810,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Two Sigma Investments LP lifted its holdings in Mohawk Industries by 394.5% during the fourth quarter. Two Sigma Investments LP now owns 313,547 shares of the company's stock worth $37,353,000 after acquiring an additional 250,145 shares in the last quarter. Tabor Asset Management LP lifted its holdings in Mohawk Industries by 36.6% during the fourth quarter. Tabor Asset Management LP now owns 119,977 shares of the company's stock worth $14,293,000 after acquiring an additional 32,124 shares in the last quarter. Teza Capital Management LLC bought a new position in Mohawk Industries during the fourth quarter worth about $435,000. State of Wyoming lifted its holdings in Mohawk Industries by 29.4% during the fourth quarter. State of Wyoming now owns 3,483 shares of the company's stock worth $415,000 after acquiring an additional 792 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Mohawk Industries by 2.9% during the fourth quarter. Toronto Dominion Bank now owns 20,997 shares of the company's stock worth $2,501,000 after acquiring an additional 583 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 completion of the transaction, the insider now directly owns 93,584 shares in the company, valued at approximately $10,616,168.96. This represents a 10.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on MHK shares. Royal Bank of Canada cut their price target on Mohawk Industries from $130.00 to $119.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. dropped their price objective 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. Barclays dropped their price objective on Mohawk Industries from $115.00 to $111.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Raymond James reaffirmed a "strong-buy" rating and issued a $165.00 target price (down previously from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Finally, Wells Fargo & Company reduced their price target on Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Mohawk Industries presently has an average rating of "Moderate Buy" and a consensus price target of $140.00.

Mohawk Industries Price Performance

Shares of MHK traded up $1.72 during trading hours on Tuesday, reaching $102.82. The stock had a trading volume of 118,215 shares, compared to its average volume of 778,813. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $164.29. The stock has a market capitalization of $6.43 billion, a PE ratio of 12.65, a PEG ratio of 1.44 and a beta of 1.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The company's 50-day moving average is $106.89 and its two-hundred day moving average is $118.36.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the prior year, the company earned $1.86 EPS. Mohawk Industries's revenue was down 5.7% compared to the same quarter last year. Research analysts expect 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.